Limelight Health
AcquiredSan Francisco, US · Founded 2014 · Delaware corporation · 2 known investors
Insurtech provider of cloud quoting, rating and underwriting software for group employee benefits carriers; acquired by FINEOS in 2020.
Also known as LimeLight Health · Limelight Health, Inc.
Founders & leadership
Limelight Health was founded in 2014 by Michael Lujan and Jason Andrew.
Board
Investors · 2
Reported raises · per SEC filings
Form D private placements$40.2M disclosed across 3 of 4 rounds · 2015–2019
▶$30MraisedJan 2019 · 6 investors · OtherRule 506(b)
- Lerk-Ling ChangDirector
- Eric EmmonsDirector
- Fred ToneyDirector
- Manish AgarwalDirector
- Jason T. AndrewExecutive Officer, Director
- Kara HoogensenDirector
- Michael LujanDirector
- Offering amount
- $33.5M
- Amount sold
- $30M
- Minimum investment
- $1
- First sale
- Dec 2018
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$7.5MraisedJul 2017 · 6 investors · OtherRule 506(b)
- Garrett ViggersDirector
- Eric EmmonsDirector
- Manish AgarwalDirector
- Jason T. AndrewExecutive Officer, Director
- Michael LujanExecutive Officer, Director
- Mark MorganDirector
- Fred ToneyDirector
- Offering amount
- $7.6M
- Amount sold
- $7.5M
- First sale
- Jul 2017
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$2.7MraisedDec 2015 · 3 investors · OtherRule 506(b)
- Michael LujanExecutive Officer, Director
- Jason AndrewExecutive Officer, Director
- Manish AgarwalDirector
- Eric EmmonsDirector
- Garrett ViggersDirector
- Fred ToneyDirector
- Offering amount
- $3M
- Amount sold
- $2.7M
- First sale
- Jul 2015
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Limelight Health was an insurtech company providing cloud-based enterprise software for the employee benefits industry. Its platform supported quoting, rating, proposal generation, renewals and underwriting, with configurable services spanning pre-sales, new business, underwriting, enrollment support and reporting, and integration across carriers, underwriters, sales teams, agents, advisors and customers.
The solutions were designed to streamline and automate the sales and underwriting functions for group benefits insurers, enabling carriers to produce faster and more accurate proposals and to offer an online broker interface. Earlier company material described a SaaS platform aimed at health insurance agents and their clients for handling cost, benefit and compliance decisions around employee benefits.
Founding story
Founded in February 2014, the company was built by a team combining insurance distribution and product experience: CEO Jason T. Andrew had previously started a health insurance firm; Michael Lujan, who joined as CSO, had been director of sales at the California health exchange Covered California; and Garrett Viggers, CPO, had built products for prior insurance startups.
Business model
Limelight Health sold cloud-based enterprise software on a SaaS basis to insurance carriers and distribution partners in the employee benefits market. Its products were deployed with Tier 1 North American carriers and were also positioned to integrate with third-party and legacy core systems; after the FINEOS acquisition the suite became an optional component of FINEOS AdminSuite while remaining available as a standalone SaaS product.
Revenue was generated from cloud-based enterprise software sold as a SaaS product suite for quoting, rating and underwriting, available standalone or as a component of a broader insurance core platform.
Traction
The company's products were selected and deployed with leading Tier 1 North American carriers. Headcount grew from roughly 14 employees in its early stage to a 51-200 range across multiple locations, and the company was reported to have been hiring throughout 2020. It raised $40 million in financing reported in May 2019 before agreeing to a $75 million acquisition by FINEOS in August 2020.
Latest developments
In August 2020, FINEOS Corporation announced an agreement to acquire Limelight Health for $75 million, with the transaction subject to customary closing conditions and expected to complete quickly. The stated priority during integration was to continue business-as-usual operations, with the rating, underwriting and quoting suite offered both within FINEOS AdminSuite and as a standalone SaaS product.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
At the time of its acquisition, Limelight Health was described as a leading North American provider of quoting, rating and underwriting solutions for group and voluntary employee benefits, and as a rapidly growing Silicon Valley insurtech with roots in the employee benefits industry. Comparable or adjacent companies cited include PlanSource, Maxwell Health, EaseCentral, Namely and League.
The platform was characterized as a modern, configurable SaaS system for quoting, rating and underwriting that could be deployed alongside or integrated with legacy and third-party core insurance systems, in contrast to the legacy core systems carriers were seeking to replace. FINEOS described the combination as uniting two of the most modern systems in the group benefits market.
Technology
The platform was delivered as configurable cloud software for quoting, rating, proposal generation, renewals and automated processing, with an online broker interface and integrations to third-party and legacy core insurance systems. Reported technologies in use included Salesforce, PostgreSQL, Node.js, Python, JavaScript, Jenkins, Perl, J2EE, Bitbucket and Cucumber, with an emphasis on data analysis and reporting.
Go-to-market
The company sold to group and voluntary employee benefits carriers in North America, with deployments at leading Tier 1 carriers, and worked through partnerships with insurers such as Reliance Standard Life Insurance. Prior to the acquisition, Limelight Health and FINEOS had already built product integrations enabling joint go-to-market and system delivery.
Group and voluntary employee benefits insurance carriers and underwriters in North America, along with the brokers, agents, advisors and sales teams that distribute their products; earlier positioning targeted health insurance agents serving small employers.
Geography
Headquartered in San Francisco, California (with an earlier listed location in Redwood City), Limelight Health opened an office in Des Moines, Iowa in July 2018 and maintained a large remote workforce. Its customer base was concentrated in North America; following the FINEOS transaction the combined business spanned North America, Europe and Asia.
History
The company was founded in February 2014 and was described in early profiles as a small team based in Redwood City, California, offering decision tools and a SaaS platform for health insurance agents. It later operated from San Francisco with additional locations including a Des Moines, Iowa office opened in July 2018, and a distributed remote workforce. It raised $40 million in financing reported in May 2019, expanded its group benefits carrier customer base, and in August 2020 agreed to be acquired by FINEOS Corporation for $75 million.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsFINEOS, a provider of core systems for life, accident and health insurance, entered into an agreement to acquire Limelight Health for $75 million, adding quoting, rating and underwriting capabilities to FINEOS AdminSuite while keeping the Limelight products available as standalone SaaS solutions. The transaction was subject to customary closing conditions.
$75M source ↗
Limelight Health announced a partnership with Reliance Standard Life Insurance (RSL), an insurance carrier focused on employee benefits solutions.
Limelight Health announced the appointment of Jeff To, former Global Head of Insurance at Salesforce, as a key executive advisor.
The San Francisco-based insurtech software company expanded its operations with an office in Des Moines, Iowa.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 3
primary sources listed
- FINEOS Acquires Limelight Health - FINEOSfineos.com · web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Limelight Health do?
- Insurtech provider of cloud quoting, rating and underwriting software for group employee benefits carriers; acquired by FINEOS in 2020.
- Who founded Limelight Health?
- Limelight Health was founded by Michael Lujan, Jason Andrew in 2014.
- Who are Limelight Health's investors?
- Limelight Health's investors include Atlantic Vantage Point, MassMutual Ventures.
- How much funding has Limelight Health raised?
- Limelight Health has disclosed $40.2M raised across 3 of its 4 known rounds.
- Where is Limelight Health headquartered?
- Limelight Health is headquartered in San Francisco, US.