League Inc.

League is an insurance and benefits platform as well as a financial technology company. The company mission is to give people the power to act every day and live longer, healthier lives. League provides defined contribution benefits plans, where employees receive spending accounts that give them the flexibility to spend their benefit dollars as they wish. The League suite of products includes health insurance, health spending accounts, and workplace wellness sessions, services, and seminars. In 2016, League raised $25M USD in Series A funding, one of the largest sums of venture capital funding in Canadian history.
History
In August 2014, after successfully selling their previous company, Kobo, Michael Serbinis, Dan Galperin, Dan Leibu and Todd Humphrey began work on a secret venture called Project Everlong. The working title was selected in homage to the Foo Fighters song by the same name, the first song that came on when the group realized they needed a name.
After attending a conference in Los Angeles on the future of health care, Serbinis realized there was one important thing missing from the discussion. He noted that all conversations about the future of health care focused on the technologies of the future, leaving the consumer behind to fill out insurance forms. Serbinis, Galperin, Leibu and Humphrey started League to put the consumer at the centre of health care once again.
Serbinis and his team chose the name League based on its roots in public health: ancient Romans were encouraged healthy by taking care of themselves and walking one league, or about an hour, every day.
On May 27, 2015, League launched its app and platform in Canada, allowing members to book and and pay for health and wellness services through the League app. While League initially targeted consumers directly, they discovered their product resonated with businesses and were encouraged to provide a full suite of benefits. League began offering Health Spending Accounts (HSAs) in late 2015.
In June 2016, it was announced that League raised $25M USD in Series A funding, one of the largest venture capital funding rounds in Canadian history. Investors include OMERs Ventures, Royal Bank of Canada, Manulife, Power Corporation of Canada, BDC, Infinite Potential Technologies and Real Ventures. On October 12, 2016, League officially announced its insurance offering, underwritten by RBC Insurance.
Product Offerings
League's products fall into three categories: (1) Health Insurance, (2) Spending Accounts, and (3) Workplace Health Services.
Health Insurance
League Health Insurance is underwritten by RBC Insurance and includes an à la carte menu of options that include life insurance, accidental death and dismemberment, RBC Insurance products, Best Doctors and Perkopolis, and the Peace of Mind Plan. League's Peace of Mind Plan Includes prescription drugs, hospital coverage, out-of-province and out-of-country emergency medical coverage, private duty nursing care, and accidental dental.
Spending Accounts
Rather than a traditional benefits plan, League spending accounts are a form of defined contribution plan, where employees are allocated a flexible account of benefit dollars that can be spent however they choose, without restrictions or maximums by health category. In Canada, League offers Health Spending Accounts for medical expenses (e.g., gym membership, yoga classes, running attire).
Workplace Health Services
Employers can choose from League's marketplace of health professionals and services and book in-office sessions like health screenings, flu clinics, onsite treatments, fitness classes, and health & wellness seminars.
Awards and Recognition
* 2016 Fintech 100
Related Searches
* Michael Serbinis
* Kobo
* Financial Technology
* Insurance

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