In a world where behavioral health facilities still run billion-dollar operations on spreadsheets and novice workflows, someone had to step in and say, “Enough.” That someone is Dazos. And with $25 million in fresh Series A funding led by Radian Capital, the message is loud: behavioral health’s back office bloat just got a specialist on the case.
The origin story hits, founders David Farache and Louis Devaleix - I'M HIRING weren’t outsiders trying to cash in on a misunderstood market. They were deep in it. Running Harmony RecoveryGroup, buried in outdated tech and overpriced vendors. So, like real operators, they built what they needed. Not a shiny front end. A platform that does the gritty, unsexy work: tracking marketingROI, verifying insurance in seconds, identifying underpaid claims with AI that doesn’t sleep.
Dazos wasn’t born in a Stanford dorm or VC accelerator. It was built in the trenches, battle-tested, refined, and proven before it ever became a company. And when they sold their treatment centers in 2022, they didn’t walk away. They doubled down. Now, the Boca Raton HQ runs ops from Noida and Medellín, because scaling tech in healthcare takes horsepower.
The round wasn’t about hype, it was about momentum. Radian Capital didn’t cut a check. They saw what's missing: behavioral health is a $42B industry with CRM adoption under 20%. It’s not underserved, it’s barely served. And Dazos isn’t selling hype. They’re solving pain points, like 22% denial rates, admin staff swallowing up clinical time, and EMRs that don’t talk to the tools people actually use to run a facility.
Farache, now CEO, doesn’t need to fake founder empathy. He’s lived the pain. Devaleix, as COO, brings that Chicago Booth discipline to scale it. Cameron O. came in as CRO to lead growth, because this playbook is built to go wide.
What they’ve built is more than a CRM. It’s a nervous system for behavioral health businesses. Admissions? Streamlined. Billing? Automated. Marketing? Tracked, optimized. With tools like iCampaign launching in Q1, and Dazos IQ surfacing lost revenue, this platform is surgical.
The funding will go where it should: deeper integrations, Medicaid automation, predictive denial modeling. LA office on deck. Medellín headcount tripling. And yes, even Epic and Cerner Corporation are circling the wagons for API partnerships.
This isn’t just a funding round. It’s the moment where the behavioral health space gets its infrastructure bill. Congrats to David, Louis, and the Dazos team. Time to scale what the industry didn’t know it needed.
Radian Capital, good eye. You didn’t just invest in software, you backed the system of record for the next 10,000 behavioral health facilities.
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