TORONTO, ON--(Marketwired - November 12, 2014) - LEAGUE Inc., a new digital health and wellness platform, today announced it has raised $4M USD in seed funding. The investment is led by OMERS Ventures with Infinite Potential Technologies LP, Foundation Capital, and Real Ventures. LEAGUE, set to launch in early 2015, will focus on preventative health. The company aims to empower consumers -- helping them to live healthier each day.
"Healthcare costs are massive and growing at an unsustainable rate. While nearly half of those costs are preventable, next to nothing is spent on prevention -- this needs to change," said Michael Serbinis, CEO and Founder, LEAGUE. "The future of health is preventative, and it's about the consumer. LEAGUE is the future of health -- today."
LEAGUE is rethinking health by creating a data-rich mobile platform that gives people the power to take control of their health. Members can discover the best new health services and in time, can build a 'league of their own' -- a team of health professionals that work together to deliver personalized programs. LEAGUE makes it easy to discover, schedule, and pay for services while staying conveniently connected. The platform will store health information -- including data from wearables and popular health applications -- putting members in control of their information and giving them the ability to safely and securely share their data with their LEAGUE.
With LEAGUE, health professionals can connect with and provide a rich personalized service to their clients. LEAGUE makes running their business easier every day, and helps them to attract new clients that make their health a priority.
"OMERS Ventures is focused on finding and investing in innovative and leading technology companies. We are very pleased to lead the seed investment in LEAGUE, and look forward to helping add value at this early stage," said Kent Thexton, Managing Director, OMERS Ventures. "Michael is the epitome of the type of entrepreneur we love to partner with -- successful, focused and able to create real products and services that fill a significant market need. LEAGUE has huge potential, and we look forward to partnering with Michael and his team as they build another global success story."
LEAGUE is currently accepting applications from health professionals and people interested in joining its beta program at www.JOINLEAGUE.com. The platform will launch in early 2015.
LEAGUE Inc. is the future of health. The new digital health and wellness platform is designed to help people live healthier, happier lives -- every day. Set to launch in early 2015, LEAGUE is currently looking for healthcare professionals to participate in its beta program. For more information, please visit www.JOINLEAGUE.com.
ABOUT OMERS VENTURES
OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with $65 billion in net assets. As both an institutional angel investor and a later-stage investor, OMERS Ventures is looking for successful companies with significant growth potential and market opportunities. We are seeking like-minded partners with a shared vision of building a vibrant and successful knowledge economy. www.omersventures.com
INFINITE POTENTIAL TECHNOLOGIES LP
Infinite Potential Technologies LP selectively invests in and supports experienced operators and world-class researchers to build transformative businesses and products for global markets based on classical technologies. IP Technologies is part of the Quantum Valley Investments group of companies. www.quantumvalleyinvestments.com
ABOUT FOUNDATION CAPITAL
Foundation Capital is dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. Foundation Capital has helped companies like Atheros create the mobile Internet, EnerNOC invent the energy demand response market, and Netflix revolutionize media distribution and consumption, among many others. Foundation Capital is currently invested in more than 80 high-growth ventures in the areas of consumer, information technology, software, semiconductors, and clean technology including BoardVantage, Chegg, Coverity, Lending Club, DogVacay, Simply Hired, Sunrun, and Venafi. Foundation Capital's twenty-three IPOs include MobileIron, Control4, TubeMogul Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks. For more information, visit www.foundationcapital.com.
ABOUT REAL VENTURES
Real Ventures invests in ambitious entrepreneurs that are creating the Internet experiences of the future or embracing the power of the Internet to disrupt existing industries or business models. Investing pre-traction, its team and networks support entrepreneurs and propel their companies forward. The best entrepreneurs do their homework on prospective VCs and the best Canadian entrepreneurs want to be backed by Real Ventures. www.realventures.com
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