About Accolade
Accolade is a company based in Plymouth Meeting (United States) founded in 2007 was acquired by Transcarent in January 2025.. Accolade has raised $228.3 million across 11 funding rounds from investors including McKesson, Transcarent and Andreessen Horowitz. Accolade has completed 3 acquisitions, including 2nd MD, MD Insider and Plushcare. Accolade offers products and services including Accolade Care, Accolade Plus, Accolade Connect, 2nd.MD by Accolade, and Enhanced Rx. Accolade operates in a competitive market with competitors including Hinge Health, Practo, Sharecare, Spendesk and Betterfly, among others.
- Headquarter Plymouth Meeting, United States
- Stage Public
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Accolade Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$228.3 M (USD)
in 11 rounds
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Latest Funding Round
$11.25 M (USD), Post-IPO
Oct 15, 2021
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Investors
McKesson
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
2nd MD
& 2 more
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Acquired by
Transcarent
(Jan 08, 2025)
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Products & Services of Accolade
Accolade offers a comprehensive portfolio of products and services, including Accolade Care, Accolade Plus, Accolade Connect, 2nd.MD by Accolade, and Enhanced Rx. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for personalized care navigation and support services.
Enhances care delivery with advanced health management tools.
Facilitates virtual consultations and health coordination.
Provides second opinions on medical diagnoses and treatments.
Manages prescriptions for better health outcomes and cost savings.
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Software Development Team
61 people
Leadership Team
57 people
Product Management Team
23 people
Operations Team
18 people
Sales and Marketing
13 people
Senior Team
11 people
Data Analysis and Operations Team
10 people
Sr. Team
9 people
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Funding Insights of Accolade
Accolade has successfully raised a total of $228.3M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $11.25 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Post-IPO — $11.2M
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First Round
First Round
(01 Feb 2007)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Post-IPO - Accolade | Valuation |
investors |
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| Mar, 2021 | Amount | Post-IPO - Accolade | Valuation |
investors |
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| Mar, 2018 | Amount | Series E - Accolade | Valuation | a16z , Carrick Capital Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accolade
Accolade has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include McKesson, Transcarent and Andreessen Horowitz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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PE firm invests in the US
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Founded Year | Domain | Location | |
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accolade
Accolade has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include 2nd MD, MD Insider and Plushcare. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Primary healthcare is delivered through telemedicine services.
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2014 | ||||
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Physician quality scores are derived from mined health data.
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2012 | ||||
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Second medical opinions are delivered to employees via teleconsultation platform.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Accolade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accolade Comparisons
Competitors of Accolade
Accolade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Practo, Sharecare, Spendesk and Betterfly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Accolade
Frequently Asked Questions about Accolade
When was Accolade founded?
Accolade was founded in 2007.
Where is Accolade located?
Accolade is headquartered in Plymouth Meeting, United States. It is registered at Plymouth Meeting, Pennsylvania, United States.
Is Accolade a funded company?
Accolade is a funded company, having raised a total of $228.3M across 11 funding rounds to date. The company's 1st funding round was a Series E of $50M, raised on Feb 01, 2007.
What does Accolade do?
Accolade was founded in 2007 and is headquartered in Plymouth Meeting, United States. Operations focus on the healthcare sector, where a cloud-based platform is provided to support employee benefits for employers and payers. Services include consumer engagement tools, a web portal, and an app-based health assistant for accessing clinical guidance, population health management, and benefits comparisons. Healthcare needs are addressed through these integrated solutions.
Who are the top competitors of Accolade?
Accolade's top competitors include Hinge Health, Wellhub and Sharecare.
What products or services does Accolade offer?
Accolade offers Accolade Care, Accolade Plus, Accolade Connect, 2nd.MD by Accolade, and Enhanced Rx.
How many acquisitions has Accolade made?
Accolade has made 3 acquisitions, including 2nd MD, MD Insider, and Plushcare.
Who are Accolade's investors?
Accolade has 9 investors. Key investors include McKesson, Transcarent, Andreessen Horowitz, Carrick Capital Partners, and Madrona.
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