• FOUNDING YEAR: 2014
    LOCATION:
    Canada
    REGION:
    Last Update:
    22 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
It offers an online platform that handles all the reimbursement are filed by employees, and further enables them to buy goods and services from selected vendors through their benefits account. The employees can be reimbursed for various services like osteopathy, gym membership, yoga classes, art therapy, food delivery etc.
MAIN CLIENTS:
Retail Customers
EXISTING PARTNERSHIPS:
RBCI, AETNA, Humana, Cigna, United Healthcare, MetLife
COMMENT
The company will continue to invest in its member experience, driving continued convenience, personalization, navigation and better health outcomes for members and it will build out its benefits cloud, enabling greater choice of benefits providers and micro-benefits, while driving automation and cost savings for employers. It's focus is to building a consumer-centric benefits platform is resonating with companies across the country that want to see their employee health plans make a positive change for their teams. (July 2018)

PEOPLE

FOUNDERS:
Michael Serbinis
Board Members and Advisors:
Mike Lazaridis, Sid Paquette, Janet Bannister, Prashant Matta, Jean-Sebastian Cournoyer, Jonathan Ehrlich
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
TELUS Ventures, Wittington Ventures, OMERS, Infinite Potential Group, RBC Ventures, Real Ventures, BDC Ventures
KEY EMPLOYEES:
Michael Serbinis (CEO), Daniel Leibu (COO), Dan Galperin (CTO)

TRACTION

COMMENT:
The company launched in the U.S. market in 2017 and is now licensed to operate in all 50 states. The company is also planning to begin operations in the UK and EU by 2019. (July 2018)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$76.09 Millions
DATE OF LAST FUNDING:
Jul 2018
TOTAL FUNDING COMMENT:
The company is planning to use funds to bring a consumer-centric benefits alternative for forward-thinking businesses. (July 2018)
SEED & PRIOR FUNDING:
$4 Millions
SEED CLOSED ON:
Nov 2014
FUNDING SERIES:
SERIES A
$25 Millions Closed: Jun 2016
SERIES B
$47.09 Millions Closed: Jul 2018
LISTED:
NO

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