JKB Ventures is excited to share our investment in New York City-based medical billing company, Adonis. The company recently announced its $5M Seed round led by Bling Capital with participation from Max Ventures, Homebrew, Soma Capital and Coalition Operators.
Adonis is a software company that sits at the intersection of fintech and healthcare. The company leverages AI to automate medical coding, billing, and reimbursement workflows for medical providers. This creates more transparency for providers and patients, and reduces revenue leakage and costs to collect while improving accounts receivables. The company integrates with existing EHR technologies and >1K payors to modernize practice’s RCM strategies.
We believe that through finding cost efficiencies for medical practices, cost saving will trickle down to the individual consumer to make healthcare more affordable.
However, more than anything, we are excited to partner with the team of DMV-native brothers, Akash and Aman Magoon. The two are extraordinarily gritty, uncommonly thoughtful, appropriately ambitious, and proven operators, whose previous company, Nayya, raised upwards of $100M in venture capital and was most recently valued at over $500M. Both our family and the Magoon’s share similar values. We believe in Akash and Aman's vision, and we are grateful to be partnered with them.
Don’t forget to check out the company’s official funding announcement in Forbes.
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