Limeade, Inc.
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Limeade, Inc. - overview
Established
2006
Location
Bellevue, WA, US
Primary Industry
Software
About
Limeade, Inc. is a US-based company that specializes in providing employee well-being and engagement solutions, designed to empower organizations to enhance workplace culture and promote healthier lifestyles among employees. Founded in 2006 and headquartered in Bellevue, US, Limeade, Inc. focuses on employee engagement and well-being solutions.
The company has undergone a significant shift in its business strategy, culminating in its acquisition by WebMD, LLC in August 2023 for AUD 111. 5 million. This acquisition follows a Trade Sale in December 2019, where Limeade raised AUD 100 million through an IPO. The company has completed a total of 11 deals, with the most recent deal date being December 20, 2019.
Henry Albrecht serves as the CEO. Limeade, Inc. offers a comprehensive well-being partner platform, the WebMD ONE, which integrates various employee engagement solutions. The services are designed to improve employee retention and cultivate a healthier workplace culture.
The company serves a diverse clientele including large employers, public sector organizations, and health systems, primarily within North America, with expansions into European and Asia-Pacific markets. In 2022, Limeade reported a revenue of AUD 56. 02 mn, alongside an EBITDA of AUD -10. 83 mn.
Following its acquisition by WebMD, LLC, Limeade plans to leverage the funding to enhance its employee engagement platform and improve workforce performance. The acquisition, which was finalized in August 2023, will enable the company to strengthen its product offerings. Limeade aims to introduce new products aimed at expanding its market reach, focusing on enhancing employee engagement solutions to cater to a broader client base.
Current Investors
Band of Angels, TVC Capital
Primary Industry
Software
Sub Industries
Search Engines, Social Networking & Communication Platform, Content Management Software, Application Integration Software, Analytics & Performance Software
Website
www.limeade.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Limeade, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Limeade, Inc. | - |
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