Limelight Health Announces Launchpad Digital Health Investment to Fuel Growth of Innovative Health Insurance Technology
REDWOOD CITY, Calif., Oct. 16, 2014 /PRNewswire/ -- Limelight Health, provider of mobile enterprise technology for health insurance agencies, today announced their first round funding from Launchpad Digital Health, the next generation accelerator for digital health. As part of the first class of portfolio companies, Limelight Health joins five other technology startups within Launchpad Digital Health's accelerator program, creating digital health technology focused on improving care, lowering cost, and increasing consumer convenience.
"As the health insurance marketplace evolves with more health plan options than ever before, there is a need for technology that makes it simple for everyone to find affordable coverage and easily understand the benefits they are receiving," said Fred Toney, co-founder and CEO of Launchpad Digital Health. "Limelight Health, our sixth portfolio company, is part of the next generation of startups that are fueling the growth and innovation in healthcare."
"There is a technology gap within the industry and the tools health insurance agents have available to use. Previously, there has been no mobile solution that can help agents save time, reduce paperwork and redundancy during enrollment, and sync together all of the complex data into an interactive, easy platform that agents can use anytime, anywhere," said Jason T. Andrew, co-founder and CEO of Limelight Health.
Limelight Health's first product to market, QuotePad, is a mobile, interactive quote engine that provides health insurance agents with a quick, real-time platform to quote and compare employee health benefits information. With instant access to thousands of health insurance plans, agents can help their small business clients find affordable health coverage for their employees, quote both exchange and non-exchange plans, calculate costs with subsidies for individual consumers, and adjust their contributions for popular tax-advantaged plans (HSA and HRA). Available across both iOS and Android mobile devices, QuotePad is available now in California, with more states and features to be added on an ongoing basis. The simple SaaS model pricing is based on a monthly subscription per user.
About Limelight Health
Limelight Health, provider of mobile enterprise technology for health insurance agencies, aims to streamline and simplify complex employee health benefits processes. Limelight was founded in February 2014, by health insurance experts and former insurance agents with a deep understanding of mobile technology. Limelight Health offers mobile, cloud-based technology that enables enterprise agencies and insurance agents to simplify employee health benefits information and streamline the proposal, decision, and renewal process. Limelight Health is headquartered in California and has closed initial seed round of funding. For more information please visit www.limelighthealth.com or call 1-877-897-5005.
About Launchpad Digital Health
Launchpad Digital Health is a focused next generation accelerator providing more capital, more time and more intensity for its portfolio companies and their founders. Each company accepted into the accelerator program receives: 1) more capital, in the form of up to $400,000, 2) more time commitment, in the form of a one-year program co-located with Launchpad Digital Health's management team alongside other startups in digital health sector, and 3) more intensity, in the form of weekly ongoing engagement with Launchpad Digital Health's founders, partners and mentors as critical business decisions are made continuously with advisors assisting all along the way. The founders of Launchpad Digital Health have funded and operated a myriad of companies throughout the healthcare and technology sectors, including digital health companies, for the past two decades.
Partners or investors in Launchpad Digital Health include a significant team of advisors, mentors and companies including: Wilson Sonsini Goodrich & Rosati; EisnerAmper LLP, Merrill Lynch Venture Services (BofA), Woodruff Sawyer, Platinum Advisors, and Mavericks Capital, among many others.
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Media Contact:
Amber Moore
Limelight Health
650.346.2031
[email protected]
SOURCE Limelight Health
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