Digital health company League now has another $95 million to put toward ambitions of building the leading digital platform for an integrated health system after its latest funding round, the company announced Tuesday. The Series C funding haul brings League’s total funding to more than $205 million, the company said.
The most recent funding round was led by TDM Growth Partners with Workday Ventures and other unnamed existing investors also participating.
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League, which has offices in Toronto and Chicago, develops the operating system on which payers, providers, consumer health companies and employers can build their applications to increase engagement and personalization for consumers.
“Time and time again, point solutions inevitably give way to platforms,” said Michael Serbinis, founder and CEO of League, in a statement.
He said that this evolution accelerates innovation and enables interoperability and economies of scale.
“Providers, payers, consumer health partners and employers use League’s platform to build unique and differentiated applications that transform healthcare from a patchwork of disparate point solutions to a cohesive experience that just works,” Serbinis said.
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League says it has hundreds of customers ranging from Humana to Shopify. Its platform is built on the Fast Healthcare Interoperability Resources (FHIR) standard and leverages the Google Cloud Platform Healthcare API to provide a “front door” to healthcare for millions of consumers, the company said.
Meanwhile, the press release appears to hint at the fact that ultimately League would like to go public. While a representative did not respond to whether an IPO is in the works, consider the statement provided by the round’s lead investor:
“We are proud to play a role in League’s vision for the future of healthcare and the transformation of care delivery,” said Jess Bell-Allen at TDM Growth Partners, in League’s news release announcing the latest funding round. “We appreciate and understand the scaling journey of pre-IPO companies and what it takes to transition them successfully to the public markets.”
TDM is an investor in Slack, Twilio and Square, all companies that have been taken public. Slack went public in 2019 before being purchased by Salesforce in 2020, Twilio went public in 2016, and Square had its IPO in 2015.
Photo: drogatnev, Getty Images
