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Total amount raised
$142M
Latest funding date
2026-03-24
Location
Stedi has successfully raised funding over five rounds, with the latest being a Series C round led by Addition. The company is backed by a total of 18 investors, including notable names like Union Square Ventures, Stripe, Ribbit Capital, and First Round Capital.
Keep reading to explore the intricacies of Stedi's fundraising journey and the investors backing this innovative platform.
Stedi has successfully raised funding over five rounds, with the latest being a Series C round led by Addition. The company is backed by a total of 18 investors, including notable names like Union Square Ventures, Stripe, Ribbit Capital, and First Round Capital.
Keep reading to explore the intricacies of Stedi's fundraising journey and the investors backing this innovative platform.
What Is Stedi?
Stedi is a healthcare technology company based in Denver, Colorado, United States. It operates as an API-first, cloud-native healthcare clearinghouse, providing programmable services that are AI-ready, scalable, and easy to use. The company is private and has raised funding through multiple rounds, including a Series C round.
Founded by Zack Kanter, Stedi has an employee count ranging from 51 to 100. The company operates in the B2B, Health Care, and Information Technology sectors, offering services such as real-time eligibility checks, claims processing, and transaction enrollment. Stedi connects with a broad network of over 3,400 U.S. healthcare payers and processes over one billion transactions annually.
How Much Funding Has Stedi Raised?
- Unknown Round
- Amount Raised: USD 1,000,000
- Date: January 2017
- Lead Investors: VTF Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Seed Round
- Amount Raised: USD 2,700,000
- Date: July 2017
- Lead Investors: First Round Capital, Susa Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development. Participating investors included Bloomberg Beta, SV Angel, BoxGroup, and VTF Capital.
- Series A
- Amount Raised: USD 8,000,000
- Date: October 2019
- Lead Investors: Undisclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities. Investors included Union Square Ventures and others.
- Series B
- Amount Raised: USD 50,000,000
- Date: August 2020
- Lead Investors: Undisclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build and scale its network for B2B transaction exchange. Investors included First Round Capital, USV, Bloomberg Beta, and others.
- Series B Extension
- Amount Raised: USD 20,000,000
- Date: September 2024
- Lead Investors: Stripe (co-led with Addition per Aug 2025 announcement)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Stedi's healthcare clearinghouse product and develop AI capabilities. This round was disclosed as part of the broader $70M Series B announcement in August 2025.
- Series B (Full Announcement)
- Amount Raised: USD 70,000,000 (comprised of a $50M previously-unannounced round plus $20M of new capital)
- Date: August 14, 2025
- Lead Investors: Stripe, Addition (co-leads)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the only AI-enabled healthcare clearinghouse. Participating investors included USV, First Round, Bloomberg Beta, BoxGroup, and Ribbit Capital.
- Series C
- Amount Raised: USD 50,000,000
- Date: March 24, 2026
- Lead Investors: Addition
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue building the only AI-enabled healthcare clearinghouse and expand market reach. Participating investors included Stripe, Ribbit Capital, USV, First Round, BoxGroup, Bloomberg Beta, and angel investors including Tobi Lütke (Shopify), Guillermo Rauch (Vercel), Karim Atiyeh (Ramp), Max Mullen (Instacart), Jack Altman, and Charlie Songhurst.
Total Amount Raised: USD 142,000,000 (based on disclosed funding across all rounds, per Stedi's official announcement). Current Valuation: Not publicly disclosed.
Key Investors
- Addition
- Details: Addition is a venture investment company focused on early and growth-stage technology companies. Led by Lee Fixel, Addition led Stedi's Series C and co-led the Series B.
- Investment Focus Areas: Early and growth-stage technology companies.
- Notable Investments: Addition has backed several high-growth technology companies across sectors.
- Stripe
- Details: Stripe is a technology company that builds economic infrastructure for the internet. It co-led Stedi's Series B and participated in the Series C.
- Investment Focus Areas: Financial technology, payment processing solutions, e-commerce.
- Notable Investments: Stripe has invested in companies like Monzo, Paystack, and Rapyd.
- First Round Capital
- Details: First Round Capital is a venture capital firm that specializes in providing seed-stage funding to technology companies. It has backed Stedi from the seed round through the Series C.
- Investment Focus Areas: Early-stage technology companies, consumer products, enterprise software.
- Notable Investments: Uber, Square, Warby Parker.
- Union Square Ventures
- Details: Union Square Ventures (USV) is a New York-based venture capital firm. USV has participated in multiple Stedi funding rounds including Series B and Series C.
- Investment Focus Areas: Technology networks, marketplace businesses, and protocols.
- Notable Investments: Twitter, Etsy, Kickstarter, Coinbase.
What's Next for Stedi?
Stedi's future looks promising as it continues to build a network of digital mailboxes for businesses to exchange transaction information swiftly. This innovation taps into the growing demand for efficient business-to-business communication, presenting a significant opportunity for expansion.
Given the substantial $50.1 million raised in its latest funding round, Stedi is well-positioned for future fundraising opportunities. The company's focus on digital solutions aligns with industry trends, making it an attractive prospect for investors.
However, challenges such as navigating a competitive market and potential internal strategic issues could arise. Despite these hurdles, Stedi's innovative approach and strong financial backing suggest a bright future ahead.
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