Toronto-based League, a leading healthcare technology platform, has obtained a $100 million USD ($144 million CAD) credit facility from RBCx, coinciding with a significant milestone of reaching 40 million users under contract—a 160% year-over-year growth.
The scale-up will use the financing to:
- Expand its data and AI-driven capabilities.
- Enhance platform development to streamline healthcare delivery.
- Grow its sales capacity and explore mergers and acquisitions to solidify its market position.
CEO Michael Serbinis highlighted the importance of this capital:
“This funding is critical for capturing opportunities at our scale. RBCx’s support allows us to focus on our vision of transforming healthcare for 100 million people by 2030.”
Advertisement
Milestones and Expansions
League has witnessed remarkable momentum, including:
- Securing a partnership with Australia’s largest private health insurer, Medibank, in October 2024, enabling the development of digital health and wellbeing solutions integrated into the My Medibank app.
- Rolling out new AI-powered tools, such as a provider finder that matches users with healthcare providers based on specialty, location, language, and accessibility.
Platform Overview
Founded in 2014, the company offers a white-label platform for healthcare providers and insurers, enabling users to navigate coverage, claims, rewards programs, and third-party health apps. Key clients include Highmark Health and Manulife.
League achieved unicorn status in 2022 with a $95 million USD funding round led by TDM Growth Partners, valuing the company at $850 million USD pre-money. To date, the startup has raised more than $235 million in venture funding.
Future Outlook
With strong financial backing and rapid user growth, the healthcare firm is poised to expand its global footprint and enhance healthcare accessibility through cutting-edge AI and platform innovations.
