What is Accolade?
Accolade operates at the intersection of technology, analytics, and clinical decision support to guide individuals toward optimal healthcare plan choices. The company's core mission is to empower individuals to lead healthier lives through its comprehensive care delivery, navigation, and advocacy services. By employing a Personalized Healthcare approach, Accolade leverages data-driven insights and value-based strategies to deliver tailored health experiences, aiming to transform how people engage with and manage their health benefits.
How much funding has Accolade raised?
Accolade has raised a total of $716.7M across 12 funding rounds:
Series C
$30M
Series D
$2.8M
Private Equity
$38.6M
Other Financing Round
$22.5M
Series E
$70M
Other Financing Round
$50M
Corporate Investment
$20M
Stock Offering
$220.5M
Stock Offering
$221.4M
Series C (2013): $30M, investors not publicly disclosed
Series D (2014): $2.8M backed by Carrick Capital Partners, Comcast Ventures, and Accretive, LLC
Private Equity (2015): $38.6M with participation from McKesson and Independence Blue Cross
Other Financing Round (2015): $22.5M led by Independence Health Group
Series E (2016): $70M supported by Andreesen Horowitz and Madrona Venture Group
Other Financing Round (2018): $50M featuring Cross Creek Advisors, SPIKE VENTURES, Andreessen Horowitz, Strawberry Creek Ventures, Carrick Capital Partners, Alumni Ventures, Triphammer Ventures, Chestnut Street Ventures, Fission Ventures, Castor Ventures, Blue Ivy Ventures, Total Access Fund, and Madrona Venture Group
Corporate Investment (2019): $20M backed by Humana
Stock Issuance/Offering (2020): $220.5M with participation from Undisclosed
Stock Issuance/Offering (2020): $221.4M led by Undisclosed
Key Investors in Accolade
Carrick Capital Partners
Carrick Capital Partners is a private equity firm focused on investing in software, SaaS, transaction processing, and technology-enabled services organizations. The firm collaborates with management teams to enhance critical business areas, ensuring alignment with strategic goals for both short-term and long-term success.
Comcast Ventures
Comcast Ventures, founded in 1999, is the venture capital affiliate of Comcast Corporation. Based in North America with offices in San Francisco, New York, Philadelphia, and Los Angeles, the firm focuses on investing in consumer, enterprise, and frontier technology companies.
Accretive, LLC
Accretive is a specialized firm focused on creating innovative companies by systematically analyzing markets to identify significant opportunities for value creation. They offer services that include finding unique insights, developing customer-centric business models, and assembling talented executive teams.
What's next for Accolade?
The substantial enterprise-level funding Accolade has garnered, including its recent strategic investment, positions the company for accelerated scaling and market leadership. This capital is likely to be deployed towards enhancing its technological infrastructure, expanding its service offerings, and potentially pursuing strategic acquisitions. Accolade's focus on personalized healthcare and data-driven solutions aligns with the growing demand for more efficient and effective health benefit management, suggesting a trajectory of continued innovation and market penetration.
See full Accolade company page
