Accolade, Inc., a Seattle, WA-based on-demand healthcare concierge for employers, health plans and health systems, raised more than $70m in Series E funding.
The round was led by Andreessen Horowitz with participation from Madrona Venture Group and others. Including the current financing, Accolade has raised more than $90 million in its Series E round, which began in July 2015 with $22.5m invested by a subsidiary of Independence Health Group and McKesson Ventures. As part of this investment, Accolade will add Jeff Jordan, Andreessen Horowitz general partner and former CEO of OpenTable, to its board of directors.
The company, which has raised intends to use the expand its technology platform, R&D, and sales and marketing initiatives.
Led by Rajeev Singh, CEO, Accolade is an on-demand healthcare concierge for employers, health plans and health systems to improve the experience for consumers by applying a proprietary engagement and influence model that guides them through the healthcare system in a personalized manner.
The company’s model is powered by a data science strategy that combines datasets collected from hundreds of sources, along with personal insights from relationships between its health assistants and the individuals and families they support.