The round was led by MassMutual Ventures with participation from AXA Strategic Ventures, Wanxiang Healthcare Investments, Portag3 Ventures LP and Plug and Play Ventures.
The company intends to use the funds to accelerate growth and expand its software platform.
Founded in 2014 by Jason T. Andrew, co-founder and CEO, Limelight Health provides a real-time, automated platform that allows health plans to reduce the time required for quoting, enrollment, and renewals. Its first product, QuotePad, enables users to access on-demand health plan rate data and price quotes, auto-generate custom sales proposals, and provides a single platform for decision support and electronic enrollments.
The API integration connects into popular online CRM and employee benefits platforms, including Salesforce, Microsoft Dynamic, Bernie Portal, California Choice and EaseCentral, with several additional integrations to be announced in 2017. Limelight Health licenses its software platform to multiple industry players, including insurance carriers, PEOs, payroll companies, brokers, general agents and enrollment exchanges.
Currently available in California, Colorado, New York, New Jersey, Illinois and Texas, QuotePad will be available for real-time quoting and enrollment in Maryland, Virginia, Pennsylvania, Oregon, Utah, Rhode Island and the District of Columbia starting September 1, 2017.
The company has offices in San Francisco and Redding, California.
FinSMEs
01/08/2017