, /PRNewswire/ -- Adonis, a leading healthcare financial technology platform based in , today announced that it has raised in Series B financing led by Point72 Private Investments. Point72 Private Investments was joined by new investor Kin Ventures, along with existing investors General Catalyst, Bling Capital, and Max Ventures. The current round comes on the heels of a Series A round, led by General Catalyst only 12 months ago, bringing the total amount raised to since the company's founding in 2022.
This fundraise solidifies Adonis' position as one of the fastest growing revenue intelligence and automation companies in . As of this fundraise, Adonis works with over 10,000 providers and has processed tens of millions of claims, totaling over in charges. Adonis works with over 3,000 different payers, equating to nearly all of the payers in , and integrates with over 35 different EHRs and Clearinghouses.
Adonis works with health systems, single-specialty physician groups, and rapidly growing digital health companies across anesthesia, dermatology, orthopedics, dental, emergency medicine, gastroenterology, OB/GYN, behavioral health, and more. For healthcare organizations, the process of collecting revenue from insurance companies represents nearly 1 out of every spent — a testament to the highly manual and ever-changing nature of submitting insurance claims. Adonis was built as a response to the shortcomings of legacy revenue cycle technology that lacked the ability to deploy.