Angle Health, a San Francisco, CA-based health insurance provider, raised $58M in Series A funding.
The round was led by Portage with participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, Waseem Daher, Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator.
The company intends to use the funds to accelerate growth and expand operations.
Co-founded by CEO Ty Wang and CTO Anirban Gangopadhyay, Angle Health is a digital-first, fully-licensed health insurance provider bringing transparency to members, employers, and brokers in a an easy experience. Powered by its integrated, AI-enabled technology platform, Angle Health provides a digital-first care navigation experience with its fully tailored comprehensive healthcare benefit plans for employers. Telemedicine, behavioral health, and other digital health solutions are core offerings integrated into all Angle Health plans at minimal to no cost for members. Angle Health’s insurance policies are reinsured by an insurer with a financial strength rating of A+ from both A.M. Best and Standard & Poor’s. With tens of thousands of members across states, and access to a national network of healthcare providers and facilities, top employers, and a growing roster of brokers and agencies, including NFP, Gallagher, GBS/Leavitt, Aon, and Hub, are choosing Angle Health as their healthcare insurance and benefits provider. Following its recent expansion into Arizona, Georgia, Indiana, Ohio, Missouri, and South Carolina, with initial focus on the employer-sponsored health plan segment—a $1.2+ trillion market covering over 155 million Americans, Angle Health is already covering tens of thousands of members on its fully-insured and self-funded products since launching in 2021.
FinSMEs
25/01/2023