Funding profile · Healthcare revenue cycle AI
LunaBill
No SEC Form D has been filed under LunaBill’s name. What exists is a Y Combinator batch placement, a Founders, Inc. listing, a small seed figure from an aggregator, and an investor list confirmed in only one place.
Data as of September 25, 2026. Company-reported and aggregator figures are labeled.
Rounds at a glance
| When | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Fall 2025 | Y Combinator, F25 batch | Not disclosed; YC’s standard terms are $500,000 for 7% | Y Combinator | Accelerator record |
| Reported Jan 1, 2025 | Accelerator or incubator deal, per PitchBook | Not disclosed | Not disclosed | Aggregator |
| Reported Nov 26, 2025 | Early Stage VC, per PitchBook | Not disclosed | Founders Future, Founders, Inc, Garage Capital, Lobster Capital, Pioneer Fund (5 of 10 listed investors) | Aggregator |
| Published Mar 24, 2026 | Seed round, per a funding news aggregator | $100,000 | Not named | Aggregator, contains an error |
What the filings show
A search of SEC EDGAR for “LunaBill” and for Form D filings under that name returned no matches as of September 25, 2026. This review’s records file, built separately from EDGAR’s full text search, also lists none.
Reading the numbers that exist
- The $100,000 figure comes with a factual error attached.The aggregator Signalbase describes LunaBill, in the same article that reports the $100,000 round, as a “Y Combinator Winter 2025 cohort participant.” LunaBill’s own Y Combinator page and a Y Combinator branded LinkedIn post both call it Fall 2025, F25. Y Combinator runs no Winter 2025 batch by that name, so the dollar figure should be held loosely.
- PitchBook’s $500,000 total funding figure matches Y Combinator’s standard check size.YC invests $500,000 for 7% equity in every batch company, per an independent healthtech blog covering F25. PitchBook’s figure may simply restate that, not add a separate round.
- Only one of five listed investors is independently confirmed.PitchBook names Founders Future, Founders, Inc, Garage Capital, Lobster Capital and Pioneer Fund, with no amounts or dates. Founders, Inc. confirms itself on its own portfolio page; the other four appear nowhere else.
- The founding year disagreement matters here too.PitchBook and Founders, Inc. date LunaBill to 2024, a year before its Fall 2025 YC batch; YC’s own page lists 2025. If 2024 is right, a year of pre-YC capital may sit uncounted above.
- PitchBook’s own deal table has three rows and almost no data.Two “Accelerator/Incubator” entries and one “Early Stage VC” entry dated November 26, 2025, all with amount and valuation left blank. Consistent with small, undisclosed tranches, not one priced round.
Commercial signals
| Signal | Detail | Source type |
|---|---|---|
| Named customer | Nutex Health, a 24 campus system. Company says $32M+ of AR worked in 30 days, zero added headcount, days in AR down from 45 to 7, cost per claim down from $22.28 to $2.00. | Company-stated |
| Contracted revenue | $764,000 contracted ARR in LunaBill’s earlier YC profile text, $428,000 already live, remainder due live by Jan 2026. | Company-stated |
| Call volume | 50,000+ calls in the earlier profile text, rising to 60,000+ calls and 90,000+ monthly payer interactions portfolio-wide later. | Company-stated |
| Named partners | UC health systems, Mayo Clinic and Experian Health named in the earlier profile text; later text and the current site name none, only unnamed systems and RCM firms. | Not confirmed independently |
| Certifications | HIPAA compliant and SOC 2 Type II certified, per the company, with a public trust center at trust.lunabill.com. | Company-stated |
What to watch
- A first Form D, if a future round is raised under Regulation D and crosses a reporting threshold.
- Whether PitchBook attaches an amount and date to the “Early Stage VC” round it lists for November 2025.
- Confirmation, beyond Founders, Inc’s own portfolio page, of the other four PitchBook-listed investors.
- Whether LunaBill discloses contract terms beyond the “share of net collections” pricing on its site.
The LunaBill story on Healthcare DiscoveryHealthcare Discovery
Related companies
Sources
- Accelerator recordLunaBill company profile and Launch YC post
- Accelerator recordLunaBill portfolio listing
- AggregatorLunabill company profile, funding and investor table
- AggregatorLunaBill Secures $100K Seed Round
- AggregatorLunaBill company page
- AggregatorHow LunaBill is Transforming Healthcare Billing with AI
- Independent10 healthtech startups in Y Combinator’s Fall 2025 batch (YC F25)
- IndependentLunaBill: AI call center for healthcare billing teams
- Public recordSEC EDGAR company and Form D search for “LunaBill”
- CompanyLunaBill homepage and FAQ
Compiled from SEC EDGAR, Y Combinator and Founders, Inc. public listings, funding aggregator data and published company statements as of September 25, 2026. No SEC Form D was found for LunaBill; aggregator figures for funding and investors are unaudited and, in at least one case, published alongside a factual error about the company’s Y Combinator batch. Healthcare Venture Capital Fund holds no position in LunaBill. This page is not an offer to sell or a recommendation to buy any security.
