Health IT

Wellness developer Limeade gets $25M investment

Seattle-based Limeade, which develops digital engagement and wellness tools for large corporations and their employees, […]

Seattle-based Limeade, which develops digital engagement and wellness tools for large corporations and their employees, is getting a $25 million injection of venture capital from Oak HC/FT Partners, the two companies said.

The $25 million financing will enable Limeade to expand its employee engagement platform through customer-driven innovation, including new products that meet the evolving needs of employers committed to improving the health, well-being and performance of their workforces.

New York-based Oak HC/FT’s investment, which will be going directly to the company, is the first from its newly launched $500 million Healthcare and FinTech fund. Existing investor TVC Capital is also participating in the financing, alongside Limeade employees and directors.

Limeade’s client portfolio includes the Washington State Healthcare Authority, Kindred Healthcare, The Ohio State University, Jamba Juice and more than 100 additional enterprises. The company’s workforce has grown in excess of 300 percent over the past two years to keep up with its revenue growth.

Oak HC/FT’s investment history includes 20 realizations, athenahealth (NASDAQ: ATHN), Benefitfocus (NASDAQ: BNFT) and Castlight Health (NYSE: CSLT).

Shares0
Shares0