TVC Capital Backs Wellness Software Firm

San Diego's TVC Capital has made another investment in a growing software firm, this time in Washington State. Limeade, a developer of software-as-a-service tools to manage employee wellness programs, said today that it has raised $5M in a funding round from TVC, which it will use for innovation and servicing its customers. Steven Hammerslag of TVC has joined Limeade's board of directors. Limeade's software-as-a-service is used by employers to run health and wellness programs. The company is based in Bellevue, Washington. TVC invests in software companies with an eye on growing their revenues and making them an appealing acquisition candidate. More information »