Health Benefits Platform League Raises C$62M
League , the Canadian digital employee health benefits platform, announced that it has raised C$62m, bringing its total funding to date to $76m. The funding round included lead investor TELUS Ventures, as well as Wittington Ventures, and existing investors – OMERS, Infinite Potential Group, RBC Ventures, Real Ventures and BDC Ventures.
With customers such as Uber, Shopify and Unilever, League helps businesses bring convenience and personalization to benefits that the “Netflix Generation have come to expect in a modern consumer experience”, while helping employers manage total costs.
This funding round will fuel continued growth for the company, including opening new offices in San Francisco, New York and London. Founded in late 2014, League entered the US market in 2017, and is now licensed to operate in all 50 states. In 2019, the company will begin operations in the UK and EU.
“Employers experiencing the war for talent, skyrocketing healthcare costs, and the mental health epidemic are rapidly recognizing that a new approach to benefits will give them a competitive advantage. Health benefits represent a tremendous opportunity to improve the lives and health outcomes for employees, but they’re not currently driving the business value employers should expect from their investment. League gives them greater control over their spend while delivering an unparalleled employee experience that maximizes both health and productivity.” – Founder and CEO of League, Mike Serbinis.
“Our focus on building a consumer-centric benefits platform is resonating with companies across the country that want to see their employee health plans actually make a positive change for their teams. Based on a Net Promoter Score of 75 (versus an industry standard of 8) and monthly engagement that rivals most social networks, League has the potential to bend the cost curve in healthcare.” – US President of League, Brian Ancell.