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Toronto-based health benefits startup LEAGUE secured a $25M Series A led by OMERS Ventures. LEAGUE is focused on streamlining the process by which employees enroll for health insurance. The startup has brought 500 companies on-board its platform. These companies pay a monthly fee on top of their health plan to take advantage of the streamlined service.
Currently, employees have to fight through stacks of paperwork, and employers have to spend unnecessary money on human resources to assist employees in the arduous process of signing up for health insurance. Since 2014, the company has brought just under 500 companies on-board its platform. Employers can already sign up in Toronto, Seattle, Los Angeles and Vancouver. Companies pay a monthly fee on top of their health plan to LEAGUE to take advantage of the streamlined service. Service offerings are expected to grow across the United States over the next 24-36 months. The long timeline is largely a product of heterogeneity in healthcare procedures between states.
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