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August 22, 2017

Stride Health Secures $23.5 Million in Series B Funding

Stride Health, the leading benefits provider for independent workers, today announced a $23.5 million Series B financing round led by F-Prime Capital Partners, with participation from existing investors Venrock and New Enterprise Associates (NEA) as well as new investors including Portag3 Ventures. The additional capital will fuel the expansion of Stride Health’s benefits offerings to provide today’s independent workforce with the support they need to thrive.

Launched in 2014, Stride Health’s platform provides independent workers with the security and peace of mind that, up until recently, was only available to those with traditional, full-time jobs. In addition to serving anyone self-employed — from real estate agents to artisans, plumbers and truck drivers — Stride partners with marketplaces and on-demand services including Care.com, DoorDash, Etsy, Instacart, Postmates, TaskRabbit and Uber, to support their independent workforces with easy access to benefits.

By empowering workers nationwide with world-class yet affordable health, vision and dental benefits, in addition to tax deduction support, Stride is leveling the playing field for today’s independent workforce.

“As individuals transition away from traditional 9-to-5 employment, we’re removing the barriers to affordable, accessible benefits to allow individuals to work how and when they want, without worrying about basic financial security,” said Noah Lang, co-founder and CEO of Stride Health. “We founded Stride so that self-employed Americans don’t have to go it alone. We have already provided hundreds of thousands of independent workers with the benefits guidance they need to build a business-of-one. I’m excited to partner with F-Prime which brings a rich history in health and financial services to deliver Stride’s ever-expanding benefits to more of America’s 68 million independent workers.”

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