Health Insurance Startup, LEAGUE Raises Funds
Health is Wealth!
The startup scenario today is backed by a lot of fund raising rounds as well as acquisitions. Recently, a Canada-based startup makes in to the news of fund raising. League Inc., a health insurance startup has raised $25 million in a funding round. And, the investors participating in the funding round include Omers Ventures, Royal Bank of Canada and Manulife Financial Corp.
About League – a health insurance startup
Founded in 2014, LEAGUE delivers a digital alternative to traditional health insurance. This startup is on a mission to empower people to live healthier, happier lives every day.
This health-insurance Startup, led by serial entrepreneur and former Kobo founder, Michael Serbinisis bringing much needed innovation to the stagnant healthcare industry by offering an alternative to outdated, one-size-fits-all health benefits models.
League isn’t an insurer in the true sense, but it connects insurance pools, employees and a broad array of providers through its app. Similarly, LEAGUE enables employers to provide their employees with health spending accounts, wellness accounts and group insurance plans, all delivered through its first mobile platform.
Strength of LEAGUE
- The startup’s new healthcare plan options can be added at any time.
- LEAGUE puts the power of modifying healthcare coverage into the hands of employees without burdening them with traditional complexities.
Since its birth, the company has brought under 500 companies on-board to its platform. Employers can already sign up in Toronto, Seattle, Los Angeles and Vancouver. Companies, in return pay a monthly fee on top of their health plan to LEAGUE to take advantage of the streamlined service.
Currently, the company is operating in Toronto, Vancouver and Seattle. But, LEAGUE will be expanding aggressively across North America by the end 2016. In the future, more specialized options like Employee Assistance Programs (EAP) could be offered on a per-use-basis. Typically, EAPs are subscription based.
Using the funds
With the recent funding, the company is now ready to stand strong in front of its competitors like Oscar and CollectiveHealth Inc, which are also health insurance startups. LEAGUE INC. seems to be the future of health-insurance sector. It’s now to time to wish LEAGUE a Good Luck!
- Toronto – based LEAGUE delivers a digital alternative to traditional health insurance
- Recently, the health insurance startup has raised $25 million in a funding round.
- The investors participating in the funding round include Omers Ventures, Royal Bank of Canada and Manulife Financial Corp.