US-based healthcare marketplace Accolade has increased its latest round, already backed by healthcare IT company McKesson and insurance provider Independence Health Group, to $38.6m, according to a regulatory filing.
McKesson’s corporate venturing arm McKesson Ventures and Independence Health provided an initial $22.5m in July this year. Accolade has not disclosed the source of the extra funding, but the filing indicates it is still seeking $15m to close the round.
Founded in 2010, Accolade’s analytics platform helps employers and insurers to compare healthcare service providers and benefits. The company said at the time of the first tranche in July it is raising the money to further develop its technology.
Regulatory filings also show Accolade obtained $16.9m in 2010 from a consortium featuring Comcast International Capital, then the corporate venturing vehicle of cable and broadcasting service Comcast, and $2.8m in May 2014. Accolade also secured $4m in debt financing in 2010.
Private equity firm Carrick Capital Partners invested $30m in the company in 2013. Accolade is also backed by investment firm Accretive and private equity firm Oak Hill Capital Partners.