Limeade secured $25 million investment in a round led by Oak HC/FT Partners. Also participating in the round were existing investor TVC Capital as well as Limeade employees and directors.
The Seattle-based company develops employee engagement platforms for large corporations, and plans to use the new funds to expand its employee engagement platform and launch new products that meet the “evolving needs of employers committed to improving the health, well-being and performance of their workforces.”
“Oak HC/FT is the premier healthcare information technology investor, and their partners have an excellent track record of building great companies,” said Henry Albrecht, CEO and founder of Limeade. “We welcome their expertise and energy to our company and board, and we look forward to leveraging their talents to bring innovation to the market.”
The Limeade client portfolio includes established brands like Washington State Healthcare Authority, Kindred Healthcare, The Ohio State University, Jamba Juice and more than 100 additional enterprises. The company’s workforce has grown in excess of 300% over the past two years to keep up with its revenue growth.