digital health funding

Also: AXA Venture Partners raises $150m (€130m) to invest in fintech and digital health start-ups; UK Biomedical Catalyst applications now open; Liège University spin-off secures nearly €970,000 to develop its product range.

The new funding was provided by Boston-based private equity firm Abry Partners and will be used to scale the platform globally. 

The company plans to use the money to expand its reach in the US, including a expanding to a New York office and more clinical studies. 

Limelight’s cloud-based software looks to streamline quoting and underwriting for carriers handling employee benefit plans. 

The new money will be put towards growing the company's AI-assisted decision support capabilities and growing its team. 

Also: New funding announcements from Nomad Health and Powerdot.

The additional strategic funding will help the telehealth company strengthen its push into European and Asian markets. 

The startup will also look to increase its commercialization efforts through new hires and healthcare stakeholder partnerships.

The funding, an undisclosed sum, will be used for growing the company's telepsychiatry network and developing HIPAA-compliant telehealth platforms. 

The latest funding round was led by Morningstar CEO Joe Mansueto and bswift CEO Rich Gallun.