When was Recondo Tech founded?

Recondo Tech was founded in 2006 and raised its 1st funding round 7 years after it was founded.

Where is Recondo Tech located?

Recondo Tech is headquartered in Greenwood Village, United States. It is registered at Denver, Colorado.

How many employees does Recondo Tech have?

As of Sep 30, 2026, the latest employee count at Recondo Tech is 56.

Is Recondo Tech a funded company?

Recondo Tech is a funded company, having raised a total of $36M across 3 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Jan 24, 2013.

When was the latest funding round of Recondo Tech?

Recondo Tech's latest funding was a $***** Conventional Debt round on Oct 01, 2016, with participation from 1 investor. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $6.9B in funding in 2026 to date.

Where does Recondo Tech rank among its competitors?

Recondo Tech ranks 42nd amongst 516 active competitors, of which 40 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Commure, which secured $70.1M in Apr, 2026.

Who are the top competitors of Recondo Tech?

Recondo Tech's top competitors include R1 RCM, Infinx and Medusind. Among them, Commure secured the most recent funding round in April, 2026.

Recondo Tech - 2026 Company Profile, Funding & Competitors

Company Details

AI-powered healthcare revenue cycle management solutions for financial performance and patient care. The company offers a smart platform delivering a better experience and powerful results. It provides solutions for financial clearance, revenue capture, claim management, payment management, and denial prevention and recovery. The platform leverages artificial intelligence, generative AI, and advanced automation to drive meaningful outcomes for healthcare providers. The company's software platform offers features like eligibility verification, patient estimation, charge integrity, claim monitoring, and analytics and reporting. It serves various clients including physician practices, hospitals, and billing services. The company's AI cloud software, automates workflows, prioritizes tasks, and eliminates errors, driving efficiency and yielding meaningful results for healthcare providers. The company is a SaaS provider in the healthcare technology space.

Website: recondotech.com
Social
Registered Address: Denver, Colorado

Key Metrics

Founded Year

2006

Location

Greenwood Village, United States

Stage

Acquired

Total Funding

$36M in 3 rounds

Latest Funding Round

Conventional Debt, Oct 01, 2016, $*****

Investors

Lemhi Ventures & 2 more

Ranked

42^nd among 516 active competitors

Employee Count

56 as on Sep 30, 2026

Similar Companies

R1 RCM & 573 more

Exit Details

Acquired by Waystar (Dec 04, 2019)

View Recondo Tech's full profile

Recondo Tech is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
RECONDO TECHNOLOGY, INC. CIN: 208113917 , United States, Active	Dec 31, 1999	-	124 (As on Dec 31, 2019)	-

Recondo Tech got acquired by Waystar on Dec 04, 2019.

Click here to take a look at Recondo Tech's acquisition in detail

Recondo Tech has raised a total funding of $36M over 3 rounds. Its first funding round was on Jan 24, 2013. Its latest funding round was a Conventional Debt round on Oct 01, 2016 for $*****. 1 investor participated in its latest round. Recondo Tech has 3 institutional investors.

Here is the list of recent funding rounds of Recondo Tech:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2016	3649058	Conventional Debt	7939744	5869989	1962898	7347884
Oct 01, 2016	8750025	Series B	8036017	7992001	9608482	2398922
Jan 24, 2013	5912571	Series B	5422803	3419841	Bregal Sagemount	7053575

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View details of Recondo Tech's funding rounds and investors

Recondo Tech's employee count trend

Recondo Tech has 56 employees as of Sep 26. Here is Recondo Tech's employee count trend over the years:

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Top competitors of Recondo Tech include R1 RCM, Infinx and Medusind. Here is the list of Top 10 competitors of Recondo Tech, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	R1 RCM 2003, Chicago (United States), Acquired	Provider of AI-driven solutions for healthcare revenue cycle management and operations	-	Ares Capital Corporation, New Mountain Capital ... & 4 others	71/100
2nd	Infinx 2010, Spring (United States), Series D	Provider of platform for revenue cycle management	$186M	Norwest, Norwest Venture Partners & 3 others	71/100
3rd	Medusind 2002, Miami (United States), Acquired	Provider of medical and dental revenue cycle management service solutions	-	H.I.G. Private Equity, SAB Holding & 22 others	69/100
4th	Commure 2016, Mountain View (United States), Series E	Provider of artificial intelligence software for healthcare revenue cycle management	$623M	Human Capital, Greenoaks & 14 others	67/100
5th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Goldman Sachs & 5 others	66/100
6th	GeBBS 2005, East Haven (United States), Acquired	Provider of technology-enabled revenue cycle management and risk adjustment services for healthcare organizations	-	-	65/100
7th	Zentist 2015, San Francisco (United States), Series C	Provider of billing solutions for dentists	$14M	Costanoa, 500 Global & 10 others	64/100
8th	AKASA 2018, San Francisco (United States), Series B	Provider of revenue cycle automation platform for healthcare	$85M	Andreessen Horowitz, Bond Capital & 5 others	64/100
9th	Superdial 2021, San Francisco (United States), Series A	Provider of AI voice agents automating healthcare revenue cycle tasks	$20M	SignalFire, BoxGroup & 2 others	60/100
10th	Waystar 2000, Duluth (United States), Public	AI-powered healthcare revenue cycle management solutions for financial and operational success	-	Francisco Partners, Bain Capital & 5 others	60/100
42nd	Recondo Tech 2006, Greenwood Village (United States), Acquired	AI-powered healthcare revenue cycle management solutions for financial performance and patient care	$36M	Bregal Sagemount, Lemhi Ventures & 1 others	43/100