# Limelight Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/limelight-health

- Industry: Insurance
- Headquarters: San Francisco, US
- Website: www.limelighthealth.com
- Total disclosed funding: $40M
- Latest round: Series C (Dec 26, 2018)
- Investors on record: 10

## About

Limelight Health, Inc. provides innovative solutions for insurance underwriting and quoting processes, streamlining operations for insurers to enhance efficiency and accuracy in employee benefits management.Founded in 2014 and headquartered in San Francisco, US, Limelight Health, Inc. specializes in solutions for insurance underwriting and quoting. The company was acquired by FINEOS Corporation Ltd. in August 2020 for USD 75 mn. The CEO and founder, Jason Andrew, has a history of entrepreneurship, having led multiple ventures in the technology and insurance sectors.Limelight Health, Inc. offers a comprehensive platform designed to optimize the insurance underwriting and quoting processes. The platform enables insurers to manage employee benefits efficiently through automation and data-driven decision-making, supporting a seamless experience for both insurers and clients.Limelight Health generates revenue through its subscription-based model, allowing clients to access its underwriting platform and related services. The firm has established long-term partnerships with insurers to provide ongoing platform access and continuous support, contributing to a consistent revenue stream.Limelight Health plans to leverage its recent acquisition by FINEOS Corporation Ltd. to expand its product offerings and enhance its platform capabilities. The company aims to enter new markets in North America, Europe, and Asia Pacific by 2022, utilizing funding from the USD 75 mn acquisition to support product development and market entry initiatives.

## Funding rounds

- Series C, Dec 26, 2018, $30M — Principal Financial Group, AXA Venture Partners, MassMutual Ventures, Transamerica Ventures, Launchpad Digital Health, Wanxiang Healthcare Investments, Wells Fargo Strategic Capital, Aflac Incorporated
- Series B, Jul 7, 2017, $7.5M — Plug and Play, AXA Venture Partners, MassMutual Ventures, Portage Ventures, Wanxiang Healthcare Investments
- Series A, Jul 15, 2015, $2.7M — AXA Venture Partners, MassMutual Ventures, Launchpad Digital Health
- Seed, Oct 16, 2014 — Launchpad Digital Health

## Investors

- Launchpad Digital Health (https://capitalatlas.ai/funds/launchpad-digital-health) — Seed, Series A, Series C
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series A, Series B, Series C
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A, Series B, Series C
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series B
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series B
- Wanxiang Healthcare Investments (https://capitalatlas.ai/funds/wanxiang-healthcare-investments) — Series B, Series C
- Principal Financial Group — Series C
- Transamerica Ventures (https://capitalatlas.ai/funds/transamerica-ventures) — Series C
- Wells Fargo Strategic Capital — Series C
- Aflac Incorporated — Series C