What is Lively?
Headquartered in San Francisco, California, Lively operates as a comprehensive Health Savings Account (HSA) platform designed to serve both employers and individual consumers. The company aims to simplify the management and utilization of HSAs, making healthcare finances more accessible and transparent. By offering a modern, user-friendly interface and robust features, Lively addresses the growing need for effective tools in managing healthcare expenses and savings. Its focus on employer solutions suggests a strategy to integrate HSAs seamlessly into employee benefits packages, thereby enhancing value for both businesses and their workforce.
How much funding has Lively raised?
Lively has raised a total of $122.2M across 4 funding rounds:
Angel/Seed
$4.2M
Series A
$11M
Series B
$27M
Series C
$80M
Angel/Seed (2017): $4.2M with participation from Teamworthy Ventures, Streamlined Ventures, PJC, Transmedia Capital, Liquid 2 Ventures, SV Angel, Thirty Five Ventures, and Y Combinator
Series A (2018): $11M led by Costanoa Ventures
Series B (2019): $27M supported by Liquid 2 Ventures, Point Judith Capital, Costanoa Ventures, Teamworthy Ventures, Streamlined Ventures, Y Combinator, and Ally Ventures
Series C (2021): $80M featuring B Capital Group, Costanoa Ventures, and T Ventures Management
Key Investors in Lively
B Capital Group
B Capital Group is a venture capital firm focused on early and late-stage companies in Technology, Healthcare, and Climate, aiming to support entrepreneurs throughout the company-building lifecycle with over $8 billion in assets under management.
Costanoa Ventures
Costanoa Ventures partners with founders tackling significant challenges in building companies, providing long-term support and leveraging operational expertise, with a particular focus on enterprise software.
T Ventures Management
T Ventures Management, also known as Telstra Ventures, is a venture capital firm founded in 2011 that invests in lighthouse technology companies.
What's next for Lively?
With the recent infusion of $80M in a major strategic investment, Lively is poised for accelerated growth and further innovation within the health-tech landscape. The substantial enterprise-level funding of $122.2M indicates strong investor confidence in Lively's business model and its potential to capture a significant share of the HSA market. This capital will likely be deployed to enhance platform capabilities, expand its customer base, and potentially explore new service offerings that complement its core HSA solution. The company's strategic focus on both employer and individual markets positions it for sustained development and market leadership.
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