Today, we announced that we’ve raised $47 million in new funding from some incredible, forward-thinking investors who share our belief that independent workers deserve the same financial security as people who work as full-time employees. We’re excited to welcome new investors King River Capital and Mastercard along with returning investors Allstate, Venrock, Fidelity’s F-Prime Capital, NEA, and Moderne Ventures.

In addition to the funding, we’re also welcoming two new, world-class board members to the Stride team to help us deliver even more value to independent workers: Megan Guy and Opeyemi Oluwole.

Since launching in 2014, we’ve been focused on one thing: helping independent workers feel financially secure by making it easy to save time and money on insurance, taxes, and everyday expenses. We’re really proud of what we’ve accomplished so far: 

• We’ve helped over 2.7 million people save over $2.8 billion on their insurance and taxes. 

• We’ve built lasting partnerships with the world’s leading work platforms and employers including Uber, DoorDash, Instacart, Amazon, Lyft, Grubhub, Olive Garden, Gap, Red Lobster, Keller Williams, Etsy, Patreon, Upwork, Fiverr, Rover, and Wag. And now we’re partnering with Gopuff to help as many independent workers as possible get the benefits they need to feel secure and safe in their financial situations. 

• We have a 5-star app with over 50,000 reviews, a 5-star rating on Google My Business, and a net promoter score—a measurement of how likely people are to recommend you to someone else—of 74, which is considered best-in-class.

• We’ve built an award-winning customer service team that helps independent workers get the most from their insurance and benefits, all year round.

But there’s still so, so much more work to be done.

An estimated 90 million Americans will work independently by 2028, and we believe they all deserve to feel financially secure. We’ve built a modern, flexible benefits system for independent workers—because benefits shouldn’t be reserved for full-time traditional employees.

Over the next few weeks, we’ll share further announcements about investments we’ll be making to help people get affordable benefits even more easily. We’re growing our team, we’ll be launching new products and services, and investing in more partnerships to help even more independent workers.

For now, we’d like to thank all of our investors, all of our partners, and all of our customers who believe in us and the work we’re doing. Thank you, thank you, thank you.

For more information, you can read our press release here.