New $43M investment accelerates Medallion’s AI-powered platform and launches CredAlliance™, a first-of-its-kind credentialing clearinghouse designed to eliminate redundant verification and speed provider onboarding.

SAN FRANCISCO, August 18, 2025 – Medallion, the leader in AI-powered provider network infrastructure, today announced it has raised $43 million in new funding. Acrew Capital led the round, with participation from Washington Harbour Partners and insiders, including Sequoia Capital, GV, Spark Capital, NFDG, and others. This brings Medallion’s total funding to $130 million.

Medallion replaces repetitive, manual workflows in the healthcare back-office with intelligent automation, streamlining how provider organizations and health plans manage credentialing, enrollment, onboarding, and compliance. The platform serves as the unified system of record for provider data, enabling customers to verify credentials, stay in-network, and connect patients with providers more efficiently.

Today, Medallion supports approximately 1 million providers, about 10% of the U.S. healthcare workforce, and helps healthcare organizations eliminate hundreds of thousands of hours in administrative burden annually.