Limeade (Bellvue, Wash.), a software-as-a-service (SaaS) corporate wellness company, has secured $5 million in Series B financing from TVC Capital. The total amount of capital raised by Limeade since its inception in 2006 to $8.5 million. Steven J. Hamerslag, TVC Capital co-founder and managing partner, will join Limeade’s board of directors. Limeade focuses on improving employee health and performance; its clients include Jamba Juice, Cincinnati Children’s Hospital, REI, and Swedish Medical Center. In each of the past three years, Limeade said it has achieved more than 100% revenue growth. The company describes itself as an enterprise wellness platform that provides “a refreshing alternative to traditional, antagonistic wellness approaches.”
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