Wednesday, August 20, 2008

Canopy Financial Adds $8M

San Francisco-based Canopy Financial, a firm developing healthcare banking technology, said this week that the firm has raised $8M in an additional round of financing for the firm. The round came from Foundation Capital. Canjopy said the funding will go towards expansion of its product for managing Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs). The round follows $15M in funding in January from GGV Capital. More information »