League se­cures C$62 mil­lion for ex­pan­sion

BioSpectrum (Asia) - - Start-up News -

League, a Toronto-based dig­i­tal health ben­e­fits plat­form, has raised C$62 mil­lion in its lat­est ven­ture fi­nanc­ing deal. The Se­ries B fund­ing was led by a strate­gic health­care syn­di­cate in­clud­ing Telus Ven­tures and Whit­ting­ton In­vest­ments - an in­vest­ment arm of Loblaw, Shop­pers Drug Mart, along with the ex­ist­ing group of in­vestors, in­clud­ing OMERs, In­fi­nite Po­ten­tial, RBC, BDC, and Real Ven­tures. Fol­low­ing the lat­est in­vest­ment, the com­pany is eye­ing over­seas’ ex­pan­sion and broad­en­ing its ser­vices with new busi­ness models in the next few years. The League plat­form al­lows small busi­nesses to of­fer cus­tom­ized ben­e­fits plans for their em­ploy­ees. The com­pany has al­ready ex­panded to all 50 states in North Amer­ica and plans to grow its foot­print in Europe and UK in the next few years.

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