League secures C$62 million for expansion
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.