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.
Life sciences briefing: Monday, Jan. 14, 2008
TODAY’S HEADLINES:
Autonomic Technologies raises $3M for neurostimulators (PE Hub)
Canopy Financial raises $15M for outsourced healthcare management (release)
Cancer-drug developer AmpliMed draws $5M (PE Hub)
Caprotec Bioanalytics receives €6M for protein-analysis tech (release)
ProtAffin draws additional €1.4M for anti-inflammatory drugs (release)
Toxicology-services firm Bridge Labs takes in $18M (release)
Dental-compound maker NovaMin takes in $2.2M (TechJournal South)
Aushon Bio takes in $4M for microarrays (PE Hub)
Treatment Online receives $750K for Web behavioral healthcare (PDF release)
IPO the Hospitalist aims to raise $60M with… Continue Reading