Digital employee health benefit start-up League has announced that it has raised $62 million in its latest funding round.
A release said that the funding round was led by TELUS Ventures, followed by Wittington Ventures, OMERS, Infinite Potential Group, RBC Ventures, Real Ventures and BDC Ventures.
The company – inspired by the recent Amazon, Berkshire Hathaway and JP Morgan health partnership – has plans to utilize the funding to “harness the thinking of Canada’s largest health IT and payment network, the largest retailer and pharmacy network and the largest bank to help advance the health benefits market.”
“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,” said League founder and CEO Mike Serbinis.
Serbinis explained that League can change the game for employers looking to make the most out of their employee benefit plans.
“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,” he remarked.
