AKASA

How much has AKASA raised?

AKASA has raised more than $200M and is reported at about $250M total funding; its latest major disclosed round was a $125M Series C in 2022.

Total raised
More than $200M; $250M reported by BI
Disclosed rounds
Seed, Series A, Series B, Series C
Latest round
2022 Series C, $125M
Latest valuation
Private; latest valuation not disclosed
First raised
2020 seed/Series A era
Notable backer
a16z

AKASA's funding rounds

AKASA’s rounds funded a shift from RCM automation into GenAI-native healthcare administration.

  1. 2020Seed / Series A eraa16z led early rounds backing Alpha Health/AKASA’s revenue-cycle automation thesis.
  2. Mar 2021Series BAKASA announced $60M to expand unified automation for revenue cycle operations.
  3. 2022Series C $125M led by Coatue Management, bringing reported total funding to about $250M.
  4. 2025Product and customer momentumBlack Book ranked AKASA the most promising RCM startup and Cleveland Clinic partnership expanded.

Sources:Business Insider healthcare startups 2025AKASA press archive

How much has AKASA raised in total?

Company and investor coverage place AKASA above $200M raised, with Business Insider citing $250M total. The public record clearly includes a $60M Series B and $125M Series C; early seed and Series A details are less fully itemized in public snippets but a16z is identified as an early lead investor.

Who are AKASA's investors?

a16z backed AKASA early and appears on the official investment list. Coatue led the Series C, while BOND, Costanoa Ventures, and other investors are cited in company and secondary-market materials. The investor mix signals a high-conviction healthcare-enterprise software company rather than a narrow RPA tool.

Why did AKASA's valuation move?

AKASA has not disclosed a latest valuation. Valuation pressure and upside likely depend on health-system contract expansion, demonstrable recovered revenue, AI coding accuracy, compliance defensibility, and implementation scalability.

Is AKASA profitable, and will it IPO?

AKASA is private and has not announced profitability or IPO plans. A near-term IPO is not publicly signaled; the more likely path is continued enterprise expansion across provider revenue-cycle workflows.

What does AKASA's funding mean if you sell into them?

Funding supports health-system deployments, model quality, integrations, and clinical/RCM expertise. Sellers should target measurable ROI, security, HIPAA readiness, interoperability, evaluation workflows, and implementation speed for hospital environments.

As of June 2026.Sources:Business Insider healthcare startups 2025AKASA press archivea16z investment list

AKASA — frequently asked questions

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