Hello and welcome back to our approved morning watch at non-public companies, public markets and the grey pickle in between.
We’re nonetheless in IPO-land this morning, working our design through the Accolade S-1 submitting. The day before right this moment we dug through the Procore submitting, a vertical application-as-a-service (SaaS) firm. That changed into a mature startup that we would perchance gather our arms around ensuing from it changed into share of a style of companies that we focus on about continuously.
Accolade isn’t love that. Nevertheless don’t assume that we’re dragging ourselves into the defective share of the monetary world; Accolade is backed by Andreessen Horowitz (a16z), Comcast Ventures, Carrick Capital, and Unique York-primarily primarily based mostly Accretive. Accolade has raised quite lots of hundred million greenbacks in enterprise capital for the length of its life, placing it squarely below the TechCrunch aegis.
So let’s explore its IPO submitting and open with what the agency does and its capital history. After that, we’ll watch at its (a exiguous little bit of trendy) numbers. Sound moral? Let’s open.
