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.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat 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. You can also follow Anthony on Twitter.