Tango Health, an Austin, TX-based provider of Health Savings Account (HSA) management software and services, has closed $4m in Series B funding.
The round was led by S3 Ventures and angel investor Mike Turner, founder and CEO of Waveset (acquired by Sun Microsystems).
The company intends the new funds to increase marketing and sales, expand product development into adjacent markets, and support its expanding base of users.
Founded in 2008 by CEO Duncan Van Dusen, Tango Health offers solutions designed to ensure employers get the maximum HSA usage and tax benefits for themselves and their employees.
Tango sells directly to employers, and partners with top custodial banks, insurance brokers, consultants and insurance carriers to enhance their offerings.