Lively raises $80 million

San Francisco-based Health Savings Account (HSA) platform for individuals and businesses Lively HSA has raised $80 million in a Series C round led by B Capital Group, with participation from Telstra Ventures and existing investor, Costanoa Ventures. To date, the company raised  ~$120 million.

Founded in 2016, Lively (a team of ~110) offers a software with a ‘simple and intuitive’ user experience to help users get the most out of their HSA.

“We are growing 4x faster than legacy incumbents and will cross $1B in assets early next year, becoming the fastest HSA provider to do so, ever. This newest round of funding enables us to continue on our mission to help Americans prepare for the rising cost of healthcare both today and into the future.” – Alex Cyriac, CEO and co-founder of Lively.

“Lively’s product is what the modern healthcare experience should be, and their approach represents the future of the HSA. Their commitment to a customer-centric strategy, combined with Alex Cyriac’s vision for the evolution of the HSA, make Lively the perfect fit for our portfolio of innovative healthcare companies.” – Robert Mittendorff MD, General Partner at B Capital Group.