Accolade raises over $135 million and allocates to two new funds
According to a filing with the Securities Exchange Commission last month, Accolade raised more than $135 million through two blockchain tools. The company declined to comment on the matter, suggesting that it will continue to market and raise money for the funds, which are expected to become one of the largest funds raised in the industry this year.
The new money was split into two funds, Blockchain III Venture and Blockchain III Seed, according to Accolade filings, but it was unclear whether the company would deviate from its previous strategy of investing in the industry's biggest managers.