Accolade, a Seattle, WA-based provider of a personalized health and benefits solution, raised $50m in funding.
The round was led by existing investors Andreessen Horowitz, Carrick Capital Partners, Madrona Venture Group and McKesson Ventures, with participation from new investors Cross Creek Advisors and Madera Technology Partners.
The company intends to use the funds to grow its workforce, and expand its Personalized Advocacy solution.
Led by Rajeev Singh, CEO, Accolade is a personalized health and benefits solution for healthcare for employers, health plans and their members combining advisors, clinical experts and intelligent technologies. The company connects personal health data and programs to present a single point of entry to the most effective health and benefits resources, while coordinating with providers at every step.
The technology platform includes the Maya intelligence engine with machine learning capabilities, an integrated health and benefits member portal, the Accolade Mobile app and the Accolade IQ customer analytics and reporting tool.
The solution is designed for U.S. employers of all sizes across all industries and is used by more than 1.1 million U.S. employees and their families today.