Accolade Secures More Than $70M in New Funding
By Rajeev Singh
This is an exciting time in Accolade’s journey. From day one, we’ve delivered on the idea that every American should have the opportunity to have a trusted person on their side to help them with their healthcare decisions — from understanding their benefits, to finding providers, to getting appropriate and well-coordinated care.
In doing this, we have accomplished one of the most difficult things to do: achieve real engagement in healthcare. And because of that, we’ve been able to help each of our customers achieve better health, lower costs and improve the healthcare experience for consumers.
The next stage of our journey is to deliver this incredible experience to millions of people beyond the hundreds of thousands we serve today. We’re thrilled to announce this investment in our Series E financing round, with new investment partners Andreessen Horowitz and Madrona Venture Group, two of the most prominent investors in the world. This new stream of capital will help us enhance our technology and analytics capabilities, increase our sales and marketing initiatives and build an enduring business. Most importantly, we’ll be able to do a lot of good for a lot of families, and that’s incredibly inspiring to us.
