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Exit

Closed Date8/2009

General Information

Websitecanopyfi.com
CategoryFinance/Venture
Phone866-960-4700
Emailquestions@canopyf...
Employees100
Founded2004
Descriptiontechnology-enabled electronic payment

Offices

HQ
201 Spear St.
Suite 1600
San Francisco, CA, 94105
USA

People

Founder and CEO
Cofounder
Cofounder
Chief Administrative Officer

Acquisitions

CareGain, 10/2008

Funding

TOTAL $70.5M
FUNDING TOTAL $70.5M
Series B, 8/2008
Foundation Capital
$8M
Series C, 10/2009
Spectrum Equity
$62.5M
DEBT TOTAL $19M
Debt, 1/2008
GGV Capital
$15M
Debt, 1/2009
Western Technology Investment
$4M

Tags

Canopy Financial Closed down August 27, 2009

Canopy Financial

Canopy Financial, Inc. provides technology-enabled electronic payment, account management, and investment technology platforms for health savings accounts, flexible spending accounts, and health reimbursement arrangements. It offers HealthDirect for bankers, which is a technology-enabled account management and electronic payment platform allowing financial institutions to streamline the administration of health-related spending accounts; and CareGain, a consumer-driven healthcare (CDH) solution for payers enabling health plans and third party administrators to control branding, pricing, and end-to-end CDH plan design, account management, and electronic payment. The company’s products incorporate plan design, expense tracking, integrated investment trading, online bill payment, ACH processing, card management systems, account management, customer service interfaces, and plan advisory capabilities. It offers its technology platforms to connect healthcare and financial services for businesses and consumers. The company was founded in 2004 and is headquartered in San Francisco, California with additional offices in Plainsboro, New Jersey; and Chicago, Illinois.

Recent Milestones

Videos

Above:

Canopy Financial demoing at Finovate 2009

Added: 1/30/14

Screenshots

Canopy Financial screenshot
Above: Canopy Financial Screenshot -- #1
Uploaded: 6/16/09

Sources

  1. Canopy Financial Announces Acquisition of CareGain (marketwire.com) [edit]
  2. redherring.com [edit]
  3. Citation Needed [add]
  4. Citation Needed [add]
  5. mercurynews.com [edit]
  6. Embattled Canopy Financial Files Ch. 11 Bankruptcy (blogs.wsj.com) [edit]
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Last Edited 1/29/14

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