Lively raises $27 million in Series B

Modern health savings account Lively HSA has announced a $27 million Series B round led by existing investor 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. This brings the company’s total funding to more than $40 million to accelerate its mission to transform the way Americans save for healthcare.

“Healthcare continues to be the number one reason Americans go into debt. We are committed to creating a better financial future by revolutionizing the healthcare savings experience, and we know HSAs are an unparalleled savings vehicle. We couldn’t be more excited to use this funding to expand our offerings and strengthen our product for our customers. This will ensure employers will have the most robust option to help their employees save for the future.” – CEO and cofounder of Lively, Alex Cyriac.

This new funding will be used to expand Lively’s HSA experience to encapsulate all of the health and finance tools consumers need to make better informed healthcare decisions. Through further investments in technology, an expansion of consumer tool offerings, and growing its passionate team of professionals in healthcare, payments, and customer service, Lively will continue to personalize and modernize healthcare saving and spending.