Limelight Health, a San Francisco, CA-based provider of mobile enterprise technology for the health insurance industry, raised $3m in Series A funding.
Backers included MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), AXA Strategic Ventures, and seed lead investor LaunchPad Digital Health.
The company will use the funds to grow its sales and engineering teams, to deliver innovative product enhancements to its cloud-based SaaS technology platform and expand distribution nationally.
Founded in February 2014 by Jason T. Andrew, CEO, Limelight Health provides QuotePad, a mobile, data-driven quoting and modeling platform that enables health insurance professionals to quote and compare employee health insurance benefits information. It offers real-time, analytical functionality and brokers, carrier sales representatives and underwriters are able to respond to client quote requests, model interactive plan cost scenarios and close new business sales. The solution also gives the ability to import/export health plan and contribution selections, an API/Open Integration that works with industry software applications, such as CRM, benefits administration, payroll and accounting.