Total amount raised
$271.1 Million
Latest funding date
02/01/2025
Location
League has successfully raised over $500 million through seven funding rounds, with the latest being a Venture - Series Unknown round. The platform is a healthcare consumer experience solution, connecting users to a comprehensive network of health services and benefits.
Keep reading to explore the intricacies of League's fundraising journey and the investors backing this innovative platform.
What Is League?
League is a healthcare consumer experience platform based in Toronto, Ontario, Canada. The company operates within the Employee Benefits, Health Care, Information Services, and Medical industries. It employs between 501-1000 people.
League's AI-powered platform aims to transform the healthcare consumer experience by offering solutions such as benefits navigation, care navigation, care gaps management, and health coaching. The company focuses on AI-based innovation, security, compliance, and modern infrastructure to deliver personalized and efficient healthcare solutions.
How Much Funding Has League Raised?
- Seed Round
- Amount Raised: USD 4,000,000
- Date: November 2014
- Lead Investors: OMERS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of League's healthcare consumer experience platform.
- Series A
- Amount Raised: USD 25,000,000
- Date: June 2016
- Lead Investors: OMERS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and scale operations.
- Series B
- Amount Raised: CAD 62,000,000
- Date: July 2018
- Lead Investors: TELUS Global Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI-based healthcare solutions and expand market reach.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Workday Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To integrate with corporate partners and enhance enterprise solutions.
- Series C
- Amount Raised: USD 95,000,000
- Date: December 2021
- Lead Investors: TDM Growth Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand internationally.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: January 2025
- Lead Investors: RBCx
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel AI product development, increase sales capacity, and support M&A activities.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: February 2025
- Lead Investors: Morningside
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and enhance healthcare consumer experiences.
Total Amount Raised: USD 284,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Morningside
- Details: Morningside is a private equity and venture capital firm that invests in early-stage and growth-stage companies. It is known for its focus on healthcare and technology sectors.
- Investment Focus Areas: Healthcare, technology, life sciences.
- Notable Investments: League, Moderna, Editas Medicine.
- RBCx
- Details: RBCx is the technology and innovation arm of the Royal Bank of Canada (RBC). It provides financial support and fosters innovation in the technology sector.
- Investment Focus Areas: Technology, innovation, AI.
- Notable Investments: League, Borrowell, Wave Financial.
- TDM Growth Partners
- Details: TDM Growth Partners is a global investment firm that focuses on long-term investments in high-growth companies. It partners with businesses to help them scale and achieve sustainable growth.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: League, Canva, Spotify.
- Workday Ventures
- Details: Workday Ventures is the strategic investment arm of Workday, Inc., focusing on early to growth-stage companies that can benefit from Workday's expertise and customer base.
- Investment Focus Areas: Enterprise software, AI, machine learning.
- Notable Investments: League, BetterUp, Scout RFP.
- TELUS Global Ventures
- Details: TELUS Global Ventures is the venture capital arm of TELUS, a Canadian telecommunications company. It invests in innovative technology companies that align with TELUS's strategic priorities.
- Investment Focus Areas: Healthcare, technology, telecommunications.
- Notable Investments: League, AlayaCare, Mojio.
What's Next for League?
League's future is brimming with opportunities, driven by its impressive growth and strategic partnerships. With 40 million contracted users and a 160% year-over-year increase, the company aims to scale its user base to 100 million by 2030. The recent $100 million USD financing deal with RBCx will fuel AI product development, expand sales capacity, and support potential mergers and acquisitions, positioning League for significant market expansion.
Future fundraising opportunities are likely, given the company's track record of raising $235 million in venture capital funding. The healthcare industry's increasing demand for AI-driven solutions and personalized consumer experiences presents a fertile ground for League's continued growth. However, challenges such as maintaining high levels of personalization, managing international expansion, and staying ahead in a competitive landscape will require strategic navigation.
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