Lively, Inc., a San Francisco, CA-based creator a health savings account (HSA), raised $27m in Series B funding.
The round, which brought total funding to more than $40m, was led by Costanoa Ventures, with participation from Ally Ventures, the strategic investment arm of Ally Financial, Liquid 2 Ventures, PJC, Teamworthy Ventures, Streamlined Ventures, and Y Combinator.
The company intends to use the funds to further investments in technology, expand consumer tool offerings, and grow its team of professionals in healthcare, payments, and customer service.
Founded by Alex Cyriac and Shobin Uralil, Lively is a Health Savings Account (HSA) platform for employers and individuals. Its HSAs work alongside HSA compatible plans to help consumers optimize their healthcare spending and maximize their savings.
The company offers debit processing powered by Visa, investments through TD Ameritrade, iOS and Android apps, healthcare deductible spend tracking, and zero fees for individuals and families.