Venture Capital News: Stride Health Nabs $47M Series C Funding
2021-10-26
SAN FRANCISCO, CA, Today, Stride Health, the leader in portable benefits for independent workers, announced that it has raised a $47 million Series C.
Today, Stride Health announced that it has raised a $47 million Series C, bringing its total funding to $96M. The round was led by King River Capital with participation from Mastercard and Allstate along with existing investors Venrock, NEA, Fidelity's F-Prime Capital, and Moderne Ventures.
The funding also included new angel investors Bruce Perkins (former President of Healthcare Services at Humana), Chet Burrell (former CEO of CareFirst), Aneesh Chopra (the first Chief Technology Officer of the United States), Jonathan Bush (founder of AthenaHealth), and Kevin Nazemi (cofounder of Oscar Health Insurance).
Stride provides the world's first portable benefits platform designed specifically for independent workers, helping them save time and money on insurance and taxes. Since launching in 2014, Stride has helped over 2.7 million workers save over $2.8 billion. Stride partners with the world's leading work platforms and employers of non-benefited workers including Uber, DoorDash, Instacart, Amazon, GrubHub, Etsy, Patreon, Rover, TaskRabbit, Keller Williams and more so they can provide their workers with access to a full marketplace of health and wealth benefits and perks.
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