Scan.com Raises USD 90 Million Series C to Build the Largest US Medical Imaging Network

Atlanta-based Scan.com has closed USD 220 million in combined equity and debt financing, including a USD 90 million Series C equity round, to expand its medical imaging network across the United States. The equity round was led by Noteus Partners, with participation from Aviva, Concord Health Partners, YZR Capital, and Oxford Capital. VerisFi Capital and Atempo Growth provided an additional USD 130 million in debt facilities to support acquisitions and working capital.

Revenue Doubled Before the Raise Even Closed

Scan.com's timing tells its own story. The company doubled its revenue over the past year to surpass a USD 165 million annualized run rate, and has now connected more than 900,000 patients to care through its network globally. Already the largest medical imaging network in the United Kingdom, Scan.com expanded into the US in 2023 and now operates nationwide. That combination of scale and revenue growth, arriving alongside rather than ahead of the raise, is the kind of proof point that let this round move as an expansion of an already-working model rather than a bet on one still finding its footing.

One API for an Industry Still Running on Fax Machines

The US medical imaging market is valued at more than USD 100 billion, and by Scan.com's own account, 85% of its roughly 600 million annual scans are still booked by fax or phone. Patients can wait weeks for an appointment at one center while a scanner sits idle a few miles away, and pricing for the same scan can vary from a few hundred dollars to several thousand with no connection to quality. Scan.com's platform connects employers, health plans, third-party administrators and digital health apps to its national network through a single API, matching each referral against live availability, price and subspecialty, and routing every report to a radiologist who specializes in the relevant area. Most results are returned within 48 hours.

What This Means for Founders

Scan.com's raise is a clean example of a founder thesis that keeps working across market cycles: find an enormous, still-offline industry with a real physical bottleneck, in this case a national shortage of radiologists and technologists paired with fragmented scheduling, and build the connective infrastructure layer rather than another point solution. Investors backing this kind of company are betting on distribution and data compounding over time, which is exactly the argument Scan.com's lead investor made in backing the round. Founders building in adjacent regulated, physical-world markets, healthcare, logistics, or industrial services, can find useful positioning guidance in AngelLinx's investor directory, and the live listings page shows how similar infrastructure-forward companies are performing with real investor interest today. AngelLinx's guides to tracking ARR growth and managing runway are useful references for founders trying to time a raise the way Scan.com did, around genuine revenue momentum rather than ahead of it, and the AngelLinx newsroomcovers similar infrastructure rounds as they close. Founders ready to put real traction in front of the right investors can register on AngelLinx today.

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