About Medallion
Medallion is a company based in California City (United States) founded in 2011 by Derek Lo. It operates as a AI-as-a-Service, Managed Services, and HealthTech. Medallion has raised $128 million across 4 funding rounds from investors including Spark Capital, Google Ventures and Salesforce Ventures. The company has 172 employees as of December 31, 2022. Medallion offers products and services including Provider Data Management, Monitoring, Direct Payer Enrollments, CVO Credentialing, and Licensing. Medallion operates in a competitive market with competitors including Axuall, andros, Verifiable, Silversheet and MedTrainer, among others.
- Headquarter California City, United States
- Employees 172 as on 31 Dec, 2022
- Founders Derek Lo
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$8.29 K (USD)47as on Dec 31, 2023
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Net Profit
$5.66 K (USD)107as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$128 M (USD)
in 4 rounds
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Latest Funding Round
$43 M (USD), Series D
Aug 18, 2025
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Investors
Spark Capital
& 19 more
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Employee Count
172
as on Dec 31, 2022
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Products & Services of Medallion
Medallion offers a comprehensive portfolio of products and services, including Provider Data Management, Monitoring, Direct Payer Enrollments, CVO Credentialing, and Licensing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provider data is centralized for compliance and efficiency.
Provider sanctions and licensing are continuously tracked for compliance.
Payer enrollments are automated for seamless application processes.
Credentialing is streamlined to meet NCQA and TJC standards.
Provider licenses are expedited with automated applications and tracking.
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Funding Insights of Medallion
Medallion has successfully raised a total of $128M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $43 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $43.0M
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First Round
First Round
(07 Jun 2021)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series D - Medallion | Valuation | Acrew Capital | |
| Jun, 2022 | Amount | Series C - Medallion | Valuation | Spark Capital , Google Ventures | |
| Nov, 2021 | Amount | Series B - Medallion | Valuation | Sequoia Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Medallion
Medallion has secured backing from 20 investors, including venture fund and angel investors. Prominent investors backing the company include Spark Capital, Google Ventures and Salesforce Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Medallion
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Medallion
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medallion Comparisons
Competitors of Medallion
Medallion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axuall, andros, Verifiable, Silversheet and MedTrainer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital credentialing services are provided for healthcare providers.
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| domain | founded_year | HQ Location |
Healthcare information management services are provided by Andros.
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| domain | founded_year | HQ Location |
Cloud based credentials verification and monitoring software for healthcare providers
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| domain | founded_year | HQ Location |
Physician credentialing solutions are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based tools for credentialing, learning, and compliance management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medallion
Frequently Asked Questions about Medallion
When was Medallion founded?
Medallion was founded in 2011 and raised its 1st funding round 10 years after it was founded.
Where is Medallion located?
Medallion is headquartered in California City, United States. It is registered at California City, California, United States.
Who is the current CEO of Medallion?
Derek Lo is the current CEO of Medallion. They have also founded this company.
Is Medallion a funded company?
Medallion is a funded company, having raised a total of $128M across 4 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Jun 07, 2021.
How many employees does Medallion have?
As of Dec 31, 2022, the latest employee count at Medallion is 172.
What is the annual revenue of Medallion?
Annual revenue of Medallion is $8.29K as on Dec 31, 2023.
What does Medallion do?
Medallion is engaged in providing AI-powered solutions for healthcare provider credentialing and enrollment. Operations are streamlined through automation of provider data management, monitoring, licensing, and payer enrollments. Services are offered to provider groups, payers, health systems, RCM organizations, and digital health entities. Compliance with NCQA and TJC standards is ensured while reducing administrative costs and onboarding times. The company is recognized for innovation in healthcare operations, targeting efficiency and scalability across diverse healthcare sectors.
Who are the top competitors of Medallion?
Medallion's top competitors include andros, Verifiable and Verge Health.
What products or services does Medallion offer?
Medallion offers Provider Data Management, Monitoring, Direct Payer Enrollments, CVO Credentialing, and Licensing.
Who are Medallion's investors?
Medallion has 20 investors. Key investors include Spark Capital, Google Ventures, Salesforce Ventures, Sequoia Capital, and Optum Ventures.
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