Angle Well being, the digital-first, fully-licensed medical insurance supplier bringing transparency, simplicity, and ease of use to members, employers, and brokers in a frictionless expertise, at present introduced $58 million Sequence A funding led by Portage. Its newest spherical additionally included participation from PruVen Capital, Wing Enterprise Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, and Pilot founder Waseem Daher; and help from current traders Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator. Following its current growth into Arizona, Georgia, Indiana, Ohio, Missouri, and South Carolina, with preliminary give attention to the employer-sponsored well being plan section—a $1.2+ trillion market overlaying over 155 million People, Angle Well being is already overlaying tens of hundreds of members on its fully-insured and self-funded merchandise since launching in 2021.
“Angle Well being brings a customizable, totally digital answer to an business dominated by inflexible profit plans, opaque underwriting, tough switching prices, and siloed level options,” mentioned Ricky Lai, Accomplice at Portage. “Simply as innovators like Kin and Lemonade have accomplished for private strains of insurance coverage—Angle has made medical insurance extra handy, approachable, and inexpensive for employers and members. ”
Launched in 2021, Angle Well being is bridging the divide between medical insurance, conventional healthcare suppliers, digital well being, and wellness by bringing these disparate level options right into a cohesive ecosystem.
“At Angle Well being, now we have an formidable imaginative and prescient to unify the fragmented healthcare advantages system, which at present severely limits entry to, and availability of, fashionable healthcare companies like telemedicine, digital behavioral well being, and power illness administration,” shares Ty Wang, CEO of Angle Well being. “Simply as instruments for navigation and ride-sharing have eradicated the necessity to learn maps and avenue indicators to traverse the bodily world, Angle Well being is eliminating the necessity for members to navigate the complexities of the healthcare system on their very own, and empowering members to get care with out breaking the financial institution.”
Powered by its built-in, AI-enabled expertise platform, Angle Well being supplies a digital-first care navigation expertise with its totally tailor-made complete healthcare profit plans for employers. Telemedicine, behavioral well being, and different digital well being options – usually sitting exterior of the standard medical insurance atmosphere – are core choices built-in into all Angle Well being plans at minimal to no price for members. Angle Well being’s insurance coverage insurance policies are reinsured by an insurer with a monetary energy ranking of A+ from each A.M. Greatest and Normal & Poor’s. With tens of hundreds of members throughout states, and entry to a nationwide community of healthcare suppliers and services, prime employers, and a rising roster of brokers and businesses, together with NFP, Gallagher, GBS/Leavitt, Aon, and Hub, are selecting Angle Well being as their healthcare insurance coverage and advantages supplier.
“Angle Well being is an entire paradigm shift from conventional medical insurance. They convey a classy and customizable well being plan method to SMBs and mid-market employers in a method that has by no means been accomplished earlier than,” mentioned Victoria Cheng, Accomplice at PruVen Capital. “Their ground-up information infrastructure allows superior digital buyer experiences with larger transparency and affected person care that includes best-in-class, third-party digital well being suppliers.”
Co-founded by former Palantir engineers, CEO Ty Wang and CTO Anirban Gangopadhyay, Angle Well being was born out of the duo’s frustration with their private medical insurance experiences. The corporate has been constructing its AI-powered expertise platform and regulatory infrastructure since collaborating in Y Combinator’s Winter 2020 cohort and its $4M seed funding spherical in the summertime of 2020.
“As a high-growth startup, we wish to preserve our workers wholesome and supply them with the best-in-class healthcare advantages. Till Angle Well being, we thought we needed to accept the inflexible established order with legacy medical insurance suppliers,” mentioned Bailee Jones, Particular Advisor at payroll API innovator Atomic Fi. “Angle Well being is extra than simply an insurance coverage firm – they’ve put our workers on the heart, always going out of their method to offer care and help. And so they make the whole lot simple and fast – from getting a quote, and open enrollment, to participating with the Angle Care Crew.”
Extra Assets
- Employers – To enroll with Angle Well being, go to right here.
- Brokers and Brokers – To work with Angle Well being, go to right here.
- Suppliers – To be taught extra about Angle Well being, go to right here.
About Angle Well being
Angle Well being democratizes entry to fashionable healthcare by unifying at present’s fragmented healthcare advantages system into one core protection and supply platform. As a full-stack healthcare advantages supplier, Angle Well being drives efficiencies throughout the worth chain via its digital-first platform— from instantaneous underwriting for brokers and streamlined administration for employers to personalised care navigation for members. With entry to a nationwide community of healthcare suppliers and services, Angle Well being is the well being advantages supplier for contemporary employers, now servicing tens of hundreds of workers and members throughout the nation.
Go to anglehealth.com to be taught extra.
About Portage
Portage is a world funding platform centered on fintech and monetary companies with US$2B+ below administration, 65+ portfolio corporations in 13 international locations, and 55 professionals throughout america, Canada and Europe. Our crew companions with formidable corporations throughout all phases, via Portage Ventures and Portage Capital Options. We offer versatile capital and ship a world community of traders, business companions, advisors, and worth creation consultants. With deep business information and entrepreneurial expertise, Portage is dedicated to supporting the leaders who’re reshaping monetary companies. Portage is a platform inside Sagard, a multi-strategy various asset administration agency with $13B+ below administration. Be taught extra at www.portageinvest.com.
About PruVen Capital
PruVen Capital is a world, multistage enterprise capital agency backing founders constructing enduring corporations within the largest verticals of the worldwide economic system. We spend money on transformational startups in FinTech, InsurTech, HealthTech, Actual Property, and Enterprise IT. Our multi-stage method and deep community in these complicated industries allows us to help main entrepreneurs from first verify to IPO. To be taught extra, go to pruvencap.com.
SOURCE Angle Well being
