Medallionrevenue & funding
Health Care Credentialing SoftwareSan FranciscoFounded 2020CEO Derek Lo
Medallion is the first solution for healthcare companies to streamline their clinician operations — state license management, payer enrollment, credentialing, and more — in one modern management platform.
Medallion revenue
Medallion's last reported revenue was $13M in 2022 (Forbes). GetLatka estimates it at about $50.6M a year (October 2024).
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| 2022 | $13M | Forbes |
| Dec 2023 | $28MEST | GetLatka estimate |
| Oct 2024 | $50.6MEST | GetLatka estimate |
Medallion funding rounds & investors
Medallion has raised $120M across three rounds since 2021. The latest was a $35M Series C in June 2022.
| Date | Round | Raised |
|---|---|---|
| Jun 2022 | Series C | $35M |
| Nov 2021 | Series B | $65M |
| Jun 2021 | Series A | $20M |
| Total raised | $120M |
Medallion competitors
Medallion competes most directly with Process Street, Glance Networks and Business Online Services.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
| Medallion | $50.6M | $120M | 338 | – | 2020 |
 Process Street | $6.8M | $12M | 62 | 3K | 2013 |
 Glance Networks | $6.1M | $4M | 88 | – | 2000 |
 Business Online Services | – | $35M | 132.5K | 6.9K | 1972 |
Medallion CEO, founders & employees
Derek Lo founded Medallion in 2020 and runs it as CEO. Medallion had 338 employees (December 2024, LinkedIn).
- Derek LoFounder & CEO
Team mix (Dec 2023): 47 engineers, 32 in sales
All 5 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 338 | |
| Oct 2024 | 328 | |
| Dec 2023 | 328 | |
| 2022 | 265 | |
| 2021 | 152 |
Medallion FAQ
What is Medallion's revenue?
GetLatka estimates Medallion's revenue at about $50.6M a year (October 2024). The last reported figure was $13M in 2022, according to Forbes.
How much funding has Medallion raised?
Medallion has raised $120M across three funding rounds. The latest was a $35M Series C in June 2022.
How many employees does Medallion have?
Medallion had 338 employees in December 2024, according to LinkedIn.
Who is the CEO of Medallion?
Derek Lo is the CEO of Medallion and founded the company in 2020.
Who founded Medallion?
Derek Lo founded Medallion in 2020.
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How this page is sourced
6 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST and say whose they are. Not financial advice.
Updated Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Medallion? Join the podcast