Adonis Raises $17.3M in Series A Funding


Adonis, a New York-based provider of a Revenue Intelligence and Automation Platform built for healthcare, raised $17.3M in Series A funding.

The round was led by General Catalyst with participation from existing investors Bling Capital, Max Ventures, and Homebrew. As part of the financing, Holly Maloney from General Catalyst will join the board of directors.

The company intends to use the funds to accelerate product innovation, expand partnerships with major EHR and PMS systems, bolster collaboration with some of the country’s largest providers, and continue investment in expanding its healthcare data processing and linking capabilities.

Led by CEO Akash Magoon and CPO Aman Magoon, Adonis provides a revenue intelligence and automation platform which aims to help providers solve the operational challenges that impact the integrity of revenue cycle management. The solution automates the holistic payment collection process, analyzing revenue trends, validating patient insurance data at scale, and bridging the system-of-record gaps between healthcare providers, insurance companies, and patients.