Lively, Inc., a San Francisco, CA-based maker of a Health Savings Account (HSA), raised $11M in Series A funding.
The round was led by Costanoa Ventures, with participation from Y Combinator, Point Judith Capital, and Transmedia Capital. In conjunction with the funding, Costanoa’s partner Mark Selcow will join Lively’s Board of Directors.
The company intends to use the funds to accelerate growth, expand its free consumer HSA offering, and further expand into the employer market.
Founded by Alex Cyriac and Shobin Uralil, Lively provides a Health Savings Account (HSA) platform for employers and individuals. Lively HSAs work alongside HSA compatible plans to allow consumers to optimize their healthcare spending, maximize savings, and livelihood.
The company has also hired Kirk Hoewisch as Executive Vice President of Sales & Business Development. He brings more than 15 years of HSA experience, including the founding of HSA Bank (acquired by Webster Bank).