Adonis Raises $31 Million in Series B

by Kay Aloha Villamor in June 26th, 2024

Adonis, a New York-based healthcare financial technology platform, raised $31 million in Series B financing, bringing its total raised to $54 million.  


The round was led by Point72 Private Investments, with participation from new investor Kin Ventures, as well as existing investors General Catalyst, Bling Capital, and Max Ventures.   

Point72 Private Investments (P72PI) is an institutional private investing platform that includes Point72 Ventures, a multi-stage venture capital strategy led by a diverse set of domain experts and the firm’s growth strategy. Point72 Private Investments is an affiliate of Point72 Asset Management, the global asset manager founded by Steven A. Cohen.  

Adonis Use of Funds  

The company will use the funding to accelerate its product innovation efforts, expand into the health system market, and grow its team based in New York City.  

About Adonis  

Adonis provides a revenue intelligence and automation platform built for healthcare, addressing operational challenges that impact the integrity of revenue cycle management. The company utilizes advanced machine learning (ML) and artificial intelligence (AI) to streamline workflows, enhance revenue collection, and reduce operational inefficiencies for healthcare providers. Adonis serves a diverse range of healthcare organizations, including health systems, single-specialty physician groups, and digital health companies. 

Funding Details                                             

Company: Adonis Technology, Inc.  

Raised: $31.0M             

Round: Series B    

Funding Month: June 2024                                                          

Lead Investors: Point72 Private Investments   

Additional Investors: Kin Ventures, General Catalyst, Bling Capital, Max Ventures  

Company Website:   

Software Category: Healthcare Revenue Cycle Management  


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