Lively, a San Francisco-based health savings account (HSA) platform, has raised $11 million in Series A funding round.
The investment was led by Costanoa Ventures with participation from Y Combinator, Point Judith Capital, and Transmedia Capital.
The company plans to use the funding to accelerate its growth, expand its free consumer HSA offering, and further expand into the employer market.
“Health Savings Accounts have been around for a long time, but Lively has built a contemporary, intuitive product around the consumer and their spending, saving, and investing needs. It's a superior product in a market that's ripe for innovation,” said Costanoa’s partner Mark Selcow who will join Lively’s board of directors. “The Lively product is invaluable to anyone with a High-Deductible Health Plan.”
Alex Cyriac, Lively co-founder and CEO, said: “We believe every American should have access to tools that enable them to save for healthcare. This funding allows us to continue enhancing our product so we can provide more options for consumers across the country.”
Lively, health savings account, Funding, Healthcare, Technology, US