Stedi is a technology company.
Stedi has raised $54.0M across 3 funding rounds.
Key people at Stedi.
Stedi was founded in 2017 by Zack Kanter (Founder & CEO).
Stedi has raised $54.0M in total across 3 funding rounds.
Stedi is a technology company building the only programmable, API-first healthcare clearinghouse, offering modern APIs for eligibility checks, claims submission (professional, institutional, dental), electronic remittance advice (ERAs), and transaction enrollment.[3][1][2] It serves health tech companies, digital health providers, revenue cycle management firms, EHRs, practice management systems, and telemedicine platforms by automating HIPAA-compliant claim workflows, converting X12 EDI to JSON, and integrating with thousands of U.S. payers to reduce rejections and enable real-time monitoring.[2][5][4] Stedi solves the problem of legacy, inflexible clearinghouses by providing developer-friendly, AI-ready tools that streamline billing transactions amid disruptions like the Change Healthcare outage, with strong growth including a $70M Series B in 2025, Ramp's 3rd-fastest growing software vendor status in April 2025, and 5x customer sign-ups at peak outage levels.[1][3]
One-third of its customers are GenAI-native companies that have raised $5B collectively, driving expansion into agentic AI use cases via tools like the Stedi Agent and MCP server.[1]
Founded in 2022, Stedi emerged to modernize healthcare's outdated EDI infrastructure, targeting developers at health tech firms frustrated with legacy clearinghouses.[2][4][5] The company was built from the ground up on AWS with a security-first, multi-region architecture to ensure reliability, transforming complex X12 EDI into approachable JSON APIs for tasks like claims, eligibility, and ERAs.[4][3] Early traction accelerated post-Change Healthcare outage, positioning Stedi as the de facto choice for new venture-backed health tech, with pivotal moments including the April 2025 Ramp ranking and August 2025 Series B announcement funding AI enhancements.[1]
Stedi rides the wave of AI-driven Revenue Cycle Management (RCM) transformation and post-Change Healthcare outage shifts away from legacy dependencies toward cloud-native infrastructure.[1][6] Its timing capitalizes on health tech's developer-led innovation, enabling startups and enterprises to automate workflows amid rising GenAI adoption—one-third of customers are AI-native firms.[1][5] Market forces like payer complexity, rejection rates, and $5B in GenAI health tech funding favor Stedi's programmable model, influencing the ecosystem by becoming the standard for new ventures and prompting incumbents to modernize.[1][3]
Stedi is poised to dominate as the backbone for AI-powered healthcare transactions, expanding the Stedi Agent, MCP tools, and payer coverage while hiring aggressively across engineering and operations.[1] Trends like agentic AI in RCM and ongoing legacy disruptions will fuel hypergrowth, potentially evolving Stedi into a full-stack platform that powers most new health tech billing. This positions it to make healthcare transactions as reliable as running water, fulfilling its mission amid an AI reshaping the $4T U.S. healthcare economy.[1][3]
Key people at Stedi.
Stedi was founded in 2017 by Zack Kanter (Founder & CEO).
Stedi has raised $54.0M in total across 3 funding rounds.
Stedi's investors include Addition, Curie.Bio, Great Oaks Venture Capital, Operator Partners, Pareto Holdings, WGI Group, Derrick Li, Accel, Acrew Capital, Aleph VC, Alumni Ventures, Amplify Partners.
Stedi has raised $54.0M across 3 funding rounds. Most recently, it raised $50.0M Series B in August 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2020 | $50.0M Series B | Addition, Curie.Bio, Great Oaks Venture Capital, Operator Partners, Pareto Holdings, WGI Group, Derrick Li | |
| Jul 1, 2017 | $3.0M Seed | Accel, Acrew Capital, Aleph VC, Alumni Ventures, Amplify Partners, Somesh Surapureddi, Bascom Ventures, Brand Foundry Ventures, C2 Investment, CP Ventures, Dimension Capital, Draper Associates, Forerunner Ventures, Founders Fund, Fuel Capital, Grace Beauty Capital, GreaterGoodSociety, Harrison Metal, Humba Ventures, Jigsaw VC, Lerer Hippeau, Modern Venture Partners, Offline Ventures, Slow Ventures, Streamlined Ventures, Susa Ventures, The General Partnership, Trust Ventures, Vayner RSE, VZVC, Y Combinator, Alain Hanover, Charlie Songhurst, David Petersen, Erick Miller, Farzad Nazem, Ian McNish, Immad Akhund, Juney Ham, Richard Cooperstein, Sam Altman, Samvit Ramadurgam, Sohail Prasad, Will Hayes | |
| Jan 1, 2017 | $1.0M Pre-seed | O'Shaughnessy Ventures |
