Canopy Financial raises $8M more to manage healthcare accounts
Canopy Financial, whose HealthDirect platform manages healthcare financial accounts, has raised $8 million in a second round of funding from Foundation Capital. The San Francisco startup raised $15 million in January.
Canopy Financial says HealthDirect can help with the administration of health savings accounts, flexible spending accounts and health reimbursement arrangements — basically, different kinds of tax-exempt accounts intended specifically for medical expenses.
Next Story: Replay Solutions raises $11M to help find software bugs
Previous Story: Appointment-scheduling startup ZocDoc gets $3M from Khosla
About the Author, Anthony Ha
Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
