Accolade, a healthcare concierge platform operator backed by mass media group Comcast and medical product distributor McKesson, raised more than $70m in series E funding today.
Andreessen Horowitz led the round, which also featured fellow venture capital firm Madrona Venture Group and undisclosed additional investors.
The funding will be added on to the $22.5m invested by McKesson’s corporate venturing unit, McKesson Ventures, and a subsidiary of health insurance provider Independence Health in July 2015.
Accolade has built an on-demand service that provides personal guidance through health plans and systems, helping individuals and employers to navigate the healthcare industry and find them the best care from a single access point.
The system combines big data, analytics and machine learning with personal contact from the company’s Accolade Health Assistants. Accolade will spend the funding on further developing its technology, research and development, sales and marketing.
Accolade had previously raised about $54m in debt and equity, according to press releases and regulatory filings.
The company’s other backers include investment firm Accretive Health, the principals of which co-founded Accolade in 2007, mass media group Comcast, which first invested in it through its earlier corporate venturing unit Comcast Interactive Capital, Carrick Capital Partners and Oak Hill Capital Partners.