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How Medchat CEO Matt Yagey grew Medchat to $3.6M revenue with a 24 person team in 2024.

Communication platform used in health care organizations offering HIPAA-compliant live chat, chatbots and two-way texts

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Medchat Revenue

In 2024, Medchat's revenue reached $3.6M. Since its launch in 2016, Medchat has shown consistent revenue growth.

Medchat Revenue GrowthReported revenue / ARR by year$0$1M$2M$3M$4M201620172018201920202021202220232024$0$4MSource: GetLatka.com
YearMilestone
2024Medchat Hit $3.6m revenue in June 2024
2016Launched with $0 revenue

Medchat Valuation, Funding Rounds

Medchat's most recent disclosed valuation is $10.8M.

Medchat is a bootstrapped Internal Communications Software startup. Founded in 2016, Medchat has grown to $3.6M in revenue without raising any venture capital or outside funding.

As a self-funded Internal Communications Software SaaS company, Medchat has built its business with no outside investment.

Medchat Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120162016 cumulative: $0 • 2016 Founded: $02016 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

Medchat Employees & Team Size

Medchat employs approximately 24 people as of 2026.

Medchat has 24 total employees in different roles and functions.

Medchat Team GrowthReported headcount over time0612182430201620172018201920202021202220232024002424Source: GetLatka.com
YearMilestone
2024Reached 24 employees (July 2024)

Founder / CEO

Matt Yagey

Matt Yagey is listed as Founder / CEO at Medchat.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
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Advice for 20 year old self-

Customers

We do not have customer count information for Medchat yet.

Frequently Asked Questions about Medchat

What is Medchat's revenue?

Medchat generates $3.6M in revenue.

Who founded Medchat?

Medchat was founded by Matt Yagey.

Who is the CEO of Medchat?

The CEO of Medchat is Matt Yagey.

How much funding does Medchat have?

Medchat raised $0.

How many employees does Medchat have?

Medchat has 24 employees.

Where is Medchat headquarters?

Medchat is headquartered in Charlotte, North Carolina, United States.

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Compare Medchat to the industry

Medchat operates across multiple industries. Browse revenue, funding, and growth data for Medchat in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Medchat Revenue 2024: $3.6M ARR, $10.8M Valuation