What is Accolade?
Accolade leverages technology, advanced analytics, and clinical decision support to empower individuals in selecting optimal healthcare plans tailored to their specific needs. The company offers comprehensive care delivery, navigation, and advocacy services, aiming to guide each person toward achieving their healthiest life. Its core philosophy centers on a Personalized Healthcare approach, which is data-driven, value-based, and deeply personal, ensuring that individuals receive the most appropriate and effective care.
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 Madrona Venture Group and Andreesen Horowitz
Other Financing Round (2018): $50M featuring Andreessen Horowitz, Cross Creek Advisors, Triphammer Ventures, Castor Ventures, SPIKE VENTURES, Chestnut Street Ventures, Alumni Ventures, Carrick Capital Partners, Strawberry Creek Ventures, Fission Ventures, Blue Ivy Ventures, Madrona Venture Group, and Total Access Fund
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?
With its recent major strategic investment, Accolade is poised to accelerate its mission of transforming healthcare access and delivery. The company's focus on personalized, data-driven health solutions positions it for continued expansion in a market increasingly demanding more efficient and effective healthcare navigation. Future growth is likely to involve enhancing its technological capabilities, expanding its service offerings, and potentially forging new strategic partnerships to broaden its reach and impact on individual health outcomes.
See full Accolade company page
