Portfolio News

Andreessen Horowitz invests in Digital Ocean

Today Digital Ocean announced that it closed it’s Series A venture capital equity financing round led by Andreesen Horowitz.  IA Ventures had invested in the Digital Ocean’s prior equity round during 2013 and participated again along with TechCrunch founder Michael Arrington’s CrunchFund.  The $37 million round comes after DO raised just over $3M in equity in the summer of 2013 and augmented that with a significant volume of venture leasing.  Digital Ocean’s server growth follows the company’s popularity among users and the availability of equipment leasing for IT gear.  Now that the round of equity is closed and announced readers will see many more charts and references to Digital Ocean’s server counts, popularity among developers and competitive positioning relative to Rackspace, Amazon cloud services, Google Compute Engine and others.  Fountain Partners congratulates Ben, Moisey, Karl and Larry on all their efforts to build a great product for... read more

Accolade tops Inc. 500 list of Fastest Growing Healthcare Company

According to Inc. magazine Accolade, Inc. has been ranked the number one fastest growing healthcare company over the last three years on the 2012 Inc. 500.  Overall, Accolade ranked thirty-third on the 2012 Inc. 500 list of America’s fastest growing companies.   The 2012 Inc. 500|5000 is an exclusive listing of the nation’s fastest growing private companies ranked according to revenue growth percentage when comparing 2008 to 2011.   Accolade ranked 33rd overall in the 2012 Inc. 500 survey. Accolade provides an innovative employee benefit that simplifies healthcare complexity for the employees of large employers. Each employee and their family get their own professional Accolade Health Assistant who knows them, knows their benefits, and helps them navigate the healthcare system. The personal connections Accolade Health Assistants nurture with each family result in healthier and more productive employees, greater employee satisfaction and commitment, and significantly lower healthcare costs for their... read more