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Limelight Health

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uuid00029pb

Namestring
Limelight Health
Company typeenum
Private
Founded yearint
2014
Short descriptiontext

Limelight Health provides a B2B SaaS quoting, underwriting, and proposal platform for the employee benefits industry, serving group benefits carriers, brokers, and benefits administrators in the United States.

Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersSan Francisco, United States
HQ citystring
San Francisco
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
employee benefits software, health insurance quoting, insurance underwriting platform, group benefits technology, proposal automation software
Industry1 code
1Benefits Administration & Enrollment Support
CodeBPAAAIABPrimaryYes
NAICS code1 code
  • Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds524292
SIC code1 code
  • Insurance Agents, Brokers & Service6411
Product category
Employee Benefits Insurance Software
Social media profiles2 records
Cost components4 values
Personnel, Technology or R&D, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Limelight Health provides a quoting, underwriting, and proposal solution designed for the employee benefits industry. The platform enables insurance carriers, brokers, and benefits professionals to efficiently quote group benefits, process underwriting decisions, and generate compelling proposals for employer clients.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Employee Benefits Quoting, Underwriting, and Proposal Platform
CategoryEmployee Benefits Insurance Software
Description

An integrated software platform that enables insurance carriers, brokers, and benefits consultancies to efficiently quote group benefits, process underwriting decisions, and generate client-facing proposals for employer clients in the employee benefits industry.

No data
Peers10 records
TypeBroad incumbent
Description

Wholesale benefits broker and benefits technology provider serving a large network of benefit brokers across the U.S. Comparable in distribution scale and in dependence on quoting and proposal technology to enable broker productivity.

TypeBroad incumbent
Description

Large incumbent insurance distribution software provider serving agencies and carriers with agency management, rating, and workflow tools. Vertafore competes with Limelight Health in the quoting/rating layer of the benefits and commercial insurance broker stack.

TypeDirect peer
Description

SaaS platform delivering sales, quoting, and content tools specifically for insurance brokers and agencies, including employee benefits producers. Closest direct competitor to Limelight Health's quoting and proposal workflow.

TypeDirect peer
Description

Employee benefits and ACA compliance platform focused on enrollment, quoting, and reporting for brokers and carriers. Direct overlap with Limelight Health in benefits quoting and proposal workflows.

TypeEmerging player
Description

While HR/benefits adjacent, Nowsta and similar workflow SaaS vendors increasingly move into benefits quoting and enrollment. Comparable as a venture-backed SaaS firm targeting mid-market employer/benefits workflows via broker channels.

TypeBroad incumbent
Description

Public benefits administration and engagement platform with carrier and broker integrations across enrollment, billing, and benefits shopping. Overlaps with Limelight Health in serving benefits distribution and administration workflows at scale.

TypeDirect peer
Description

Benefits administration and HR software focused on small and mid-sized employers, sold primarily through benefits brokers. Adjacent workflow overlap with Limelight Health at the broker-facing benefits technology layer.

TypeBroad incumbent
Description

Provider of agency management, CRM, and rating systems for insurance agencies across P&C and benefits lines. A broad incumbent whose Applied Epic and rating products compete with Limelight Health's quoting and proposal functionality.

TypeEmerging player
Description

HR, benefits, and payroll software for small and mid-sized businesses with broker-friendly workflows. Competes for similar employer/broker relationships as Limelight Health at the benefits administration layer.

TypeDirect peer
Description

Benefits administration and enrollment platform widely adopted by mid-market benefits brokers. Competes for the same broker buyer as Limelight Health and has expanded from enrollment into adjacent quoting and proposal workflows.

Market position
Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors11 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Limelight Health

Employee Benefits Insurance Softwarelimelighthealth.com

Limelight Health provides a B2B SaaS quoting, underwriting, and proposal platform for the employee benefits industry, serving group benefits carriers, brokers, and benefits administrators in the United States.

Limelight Health firmographics

Firmographics
Name
Limelight Health
Website
https://limelighthealth.com
Company type
Private
Founded year
2014
Headcount range
51–100 employees
Short description
Limelight Health provides a B2B SaaS quoting, underwriting, and proposal platform for the employee benefits industry, serving group benefits carriers, brokers, and benefits administrators in the United States.
Ownership category
akta.pro rank

Limelight Health industry classification

Industry
Product category
Employee Benefits Insurance Software
NAICS
Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
SIC
Insurance Agents, Brokers & Service (6411)
akta.pro primary industry
Benefits Administration & Enrollment Support (BPAAAIAB)

Keywords

  • Employee benefits software
  • Health insurance quoting
  • Insurance underwriting platform
  • Group benefits technology
  • Proposal automation software

Where Limelight Health is headquartered

Location

Headquarters

HQ city
San Francisco
HQ country
United States
HQ region
North America

Markets served

Limelight Health business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations

Limelight Health product offering

Product offering

Core offering

Limelight Health provides a quoting, underwriting, and proposal solution designed for the employee benefits industry. The platform enables insurance carriers, brokers, and benefits professionals to efficiently quote group benefits, process underwriting decisions, and generate compelling proposals for employer clients.

Differentiator

Problem solved

Functional benefit

Products and services

  • Employee Benefits Quoting, Underwriting, and Proposal Platform An integrated software platform that enables insurance carriers, brokers, and benefits consultancies to efficiently quote group benefits, process underwriting decisions, and generate client-facing proposals for employer clients in the employee benefits industry.

Companies that use Limelight Health

Customer profile

Ideal customer profiles1 record

Limelight Health technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Limelight Health competitors and assessment

Company assessment

Broad incumbents

  • BenefitMall: Wholesale benefits broker and benefits technology provider serving a large network of benefit brokers across the U.S. Comparable in distribution scale and in dependence on quoting and proposal technology to enable broker productivity.
  • Vertafore: Large incumbent insurance distribution software provider serving agencies and carriers with agency management, rating, and workflow tools. Vertafore competes with Limelight Health in the quoting/rating layer of the benefits and commercial insurance broker stack.
  • Benefitfocus: Public benefits administration and engagement platform with carrier and broker integrations across enrollment, billing, and benefits shopping. Overlaps with Limelight Health in serving benefits distribution and administration workflows at scale.
  • Applied Systems: Provider of agency management, CRM, and rating systems for insurance agencies across P&C and benefits lines. A broad incumbent whose Applied Epic and rating products compete with Limelight Health's quoting and proposal functionality.

Direct peers

  • Zywave: SaaS platform delivering sales, quoting, and content tools specifically for insurance brokers and agencies, including employee benefits producers. Closest direct competitor to Limelight Health's quoting and proposal workflow.
  • Selerix: Employee benefits and ACA compliance platform focused on enrollment, quoting, and reporting for brokers and carriers. Direct overlap with Limelight Health in benefits quoting and proposal workflows.
  • Ease: Benefits administration and HR software focused on small and mid-sized employers, sold primarily through benefits brokers. Adjacent workflow overlap with Limelight Health at the broker-facing benefits technology layer.
  • Employee Navigator: Benefits administration and enrollment platform widely adopted by mid-market benefits brokers. Competes for the same broker buyer as Limelight Health and has expanded from enrollment into adjacent quoting and proposal workflows.

Emerging players

  • Nowsta: While HR/benefits adjacent, Nowsta and similar workflow SaaS vendors increasingly move into benefits quoting and enrollment. Comparable as a venture-backed SaaS firm targeting mid-market employer/benefits workflows via broker channels.
  • GoCo: HR, benefits, and payroll software for small and mid-sized businesses with broker-friendly workflows. Competes for similar employer/broker relationships as Limelight Health at the benefits administration layer.

Market position

Customer concentration

Limelight Health social profiles

Digital presence

Limelight Health financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Limelight Health leadership team

Management profile

Number of profiles

Profiles5 records

Limelight Health funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Limelight Health M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Limelight Health

What does Limelight Health do?

Limelight Health provides a quoting, underwriting, and proposal solution designed for the employee benefits industry. The platform enables insurance carriers, brokers, and benefits professionals to efficiently quote group benefits, process underwriting decisions, and generate compelling proposals for employer clients.

When was Limelight Health founded?

Limelight Health was founded in 2014. It employs 51 to 100 people.

Where is Limelight Health based?

Limelight Health is headquartered in San Francisco, United States, in the North America region.

Who are Limelight Health's main competitors?

Broad incumbents on record are BenefitMall, Vertafore, Benefitfocus and Applied Systems. Direct peers are Zywave, Selerix, Ease and Employee Navigator. Emerging players are Nowsta and GoCo.

Does Limelight Health have an API?

No public API is recorded for Limelight Health.

What industry is Limelight Health in?

Limelight Health's product category is Employee Benefits Insurance Software. Its primary akta.pro industry code is BPAAAIAB, Benefits Administration & Enrollment Support. Its NAICS code is 524292 and its SIC code is 6411.

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Live signals
BenzingaFINEOS Acquires Limelight HealthFINEOS agreed to acquire Limelight Health, a North American quoting, rating, and underwriting provider, for $75M. The deal combines their SaaS platforms to offer end-to-end core products for life, accident, and health insurers. The transaction is subject to customary closing conditions and expected to complete quickly.PR NewswireLimelight Health and Reliance Standard Life Insurance Announce Digital Collaboration to Drive Modernization and Transformation for Voluntary Benefits LinesLimelight Health and Reliance Standard Life Insurance announced a partnership to implement cloud-based software that streamlines quoting and renewal processes for employee benefits. The collaboration aims to replace legacy systems with automated workflows to improve efficiency and user experience for brokers and customers. This initiative is set to begin in spring 2020, focusing initially on supplemental health lines before expanding to other products.PR NewswireLimelight Health Announces SOC 2 Compliance CertificationLimelight Health, a SaaS platform for insurance carriers, announced the successful completion of its SOC 2 Type 2 audit, validating that the company securely manages customer data with appropriate privacy, security and regulatory controls. The audit was conducted over a three-month period with a consulting and accounting firm, focusing on security, availability, processing integrity, confidentiality and privacy criteria. The company stated this certification is a foundational step toward pursuing full HITRUST certification planned for 2020.PR NewswireLimelight Health Appoints Jeff To to Board of AdvisorsLimelight Health announced the appointment of Jeff To, former Global Head of Insurance at Salesforce, to its Board of Advisors. Jeff brings 20 years of insurtech experience including expertise in go-to-market strategy, product management, co-design partnerships, and ecosystem development. The appointment is intended to support Limelight Health's goal of establishing itself as a key player in group benefits software.PR NewswireLimelight Health and Principal® Announce Digital Collaboration to Transform Employee Benefit Plan Quoting, Design ProcessLimelight Health announced a technology integration with Principal Financial Group to streamline quoting, rating, and renewal processes for employee benefits insurance enrollment. The collaboration automates workflows that typically take weeks to complete, reducing turnaround time to days, with a simplified rating capability rolling out to select broker firms in the second half of 2019. The technology aims to better serve brokers and employers through more streamlined processes while enabling both companies to reach more employers in the under-insured small-to-mid-size business market.FinSMEsLimelight Health Raises $33.5M in Series C FundingLimelight Health raised $33.5 million in Series C funding led by Principal Life, with participation from AXA Venture Partners, MassMutual Ventures, and others. The San Francisco-based employee benefits platform will use the funds for product development, customer acquisition, global expansion, and hiring. The company plans to enhance automation, workflow, and underwriting features.VC News DailyLimelight Health Scoops Up $33.5MLimelight Health announced $33.5 million in Series C funding led by Principal Life, with participation from AXA Venture Partners, MassMutual Ventures, Aflac Ventures, Transamerica Ventures, Wells Fargo Strategic Capital, LaunchPadDigital Health, and Wanxiang America Healthcare Investments. The company plans to use the funds for product development, customer acquisition, global expansion, and hiring, including enhanced automation, workflow features, and underwriting tools. The funding follows strong growth, with monthly recurring revenues growing 750% over the past 16 months while the company more than doubled its headcount from 45 to 110 employees.FinSMEsLimelight Health Raises $7M in Series B FundingLimelight Health raised $7M in Series B funding led by MassMutual Ventures, with participation from AXA Strategic Ventures, Wanxiang Healthcare Investments, Portag3 Ventures LP, and Plug and Play Ventures. The company will use the funds to accelerate growth and expand its software platform, which is currently available in six states and will expand to seven more starting September 1, 2017.PR NewswireLimelight Health Raises $7 Million to Expand Employee Benefits Quote-To-Enrollment PlatformLimelight Health, a San Francisco-based technology company providing quote-to-enrollment software for the employee benefits industry, announced $7 million in Series B funding led by MassMutual Ventures with participation from AXA Strategic Ventures, Wanxiang Healthcare Investments, Portag3 Ventures LP, and Plug and Play Ventures. The funding will be used to scale the company's QuotePad platform, which streamlines health plan quoting, enrollment, and renewals from weeks to minutes for insurance carriers, brokers, and agents. The company reported substantial revenue growth in the first half of 2017 and plans to expand availability to seven additional states and Washington D.C. starting September 2017.VC News DailyLimelight Health Secures $7MLimelight Health has secured $7 million in Series B funding to expand its software platform for the employee benefits industry. The financing was led by MassMutual Ventures, with participation from AXA Strategic Ventures, Wanxiang Healthcare Investments, Portag3 Ventures LP, and Plug and Play Ventures. This investment aims to accelerate growth and enhance the company's quote-to-enroll capabilities across the U.S. insurance marketplace.