What is Aviacode?
Headquartered in Salt Lake City, Utah, Aviacode was established in 1999 and specializes in offering a comprehensive suite of services tailored to the healthcare sector. Their offerings encompass medical coding, payment management, and auditing, designed to streamline financial operations and enhance data accuracy for healthcare businesses. The company's focus on specialized services within a critical industry positions it as a key player in healthcare administration technology.
How much funding has Aviacode raised?
Aviacode has raised a total of $51.8M across 5 funding rounds:
Series A
$7.5M
Debt
$5M
Private Equity
$16M
Series B
$21.3M
Debt
$2M
Series A (2013): $7.5M, investors not publicly disclosed
Debt (2014): $5M, investors not publicly disclosed
Private Equity (2015): $16M supported by Frontier Capital
Series B (2015): $21.3M featuring Heritage Group and Frontier Capital
Debt (2020): $2M backed by PPP
Key Investors in Aviacode
Heritage Group
Heritage Group is an investor focused on the intersection of commercial real estate platforms, offering services in investment management, brokerage, property management, and facility services to optimize property value.
Frontier Capital
Frontier Growth is a growth equity partner specializing in vertical Software as a Service (SaaS) companies, providing capital and resources to help them become market leaders.
What's next for Aviacode?
The recent major strategic investment signals Aviacode's readiness for its next phase of expansion, likely focusing on scaling its operations, enhancing its technological infrastructure, and potentially broadening its service portfolio. The company's history of securing diverse forms of capital, including debt financing and equity rounds, demonstrates a robust financial strategy. This latest backing is expected to fuel further innovation and market penetration within the competitive healthcare services landscape.
See full Aviacode company page
