Digital-first health insurance provider Angle Health raises $58 million to modernize access to comprehensive healthcare benefits

The new capital, led by Portage, follows the company’s recent expansion Arizona, Georgia, Indiana, ohio, MissouriAnd South Carolina

san francisco, January 25, 2023 /PRNewswire/ — angle healthA digital-first, fully licensed health insurance provider bringing transparency, simplicity and ease of use to members, employers and brokers, today announced $58 million led Series A funding carriage, Its latest round also included participation from Proven Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC and Pilot Founders. Wasim Dahar, and backing from existing investors Bloomberg Capital, Correlation Ventures, TSVC and Y Combinator. recently after Expansion in Arizona, Georgia, Indiana, ohio, MissouriAnd South CarolinaWith an initial focus on the employer-sponsored health plan segment—a $1.2+ trillion market that includes more than 155 million Americans, angle health Already covering thousands of members on its fully insured and self-financed products since its launch in 2021.

“Angle Health brings a customizable, fully digital solution to an industry dominated by rigid benefit plans, opaque underwriting, difficult switching costs and siloed point solutions,” said Ricky Lai, partner in portage. “Just as innovators like Kin and Lemonade have done for personal lines of insurance—Angle makes health insurance more convenient, accessible and affordable for employers and members.”

Launched in 2021, Angle Health is bridging the gap between health insurance, traditional healthcare providers, digital health and wellness by bringing these disparate point solutions into a cohesive ecosystem.

“At Angle Health, we have an ambitious vision to unify the fragmented healthcare benefits system that today severely limits access and availability of modern healthcare services such as telemedicine, digital behavioral health and chronic disease management. ” ty wang, CEO of Angle Health. “Just as tools for navigation and ride-sharing have eliminated the need to read maps and road signs to traverse the physical world, Angle Health members are empowered to navigate the complexities of the health care system on their own. and eliminating the need to empower members to care without breaking the bank.”

Powered by its integrated, AI-enabled technology platform, Angle Health provides a digital-first care navigation experience with fully tailored comprehensive health benefit plans for employers. Telemedicine, behavioral health, and other digital health solutions – normally sitting outside the traditional health insurance environment – ​​are core offerings integrated into all Angle Health plans at minimal cost to members. Angle Health’s insurance policies are underwritten by an insurer that has a financial strength rating of A+ from both A.M. Best and Standard & Poor’s. With 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/Levitt, AeonAnd hubChoosing Angle Health as your health insurance and benefits provider.

“Angle Health is a complete paradigm shift from traditional health insurance. They bring a sophisticated and customizable health plan approach to SMB and mid-market employers that has never been done before,” said Victoria Cheng, Partner at Proven Capital. “Their ground-up data infrastructure enables a superior digital customer experience with greater transparency and patient care that engages best-in-class, third-party digital health providers.”

Co-founded by former Palantir engineers, CEO ty wang and CTO Anirban GangopadhyayAngle Health was born out of frustration from both of their personal health insurance experiences. Since participating in Y Combinator’s Winter 2020 cohort, the company has been building out its AI-powered technology platform and regulatory infrastructure. $4 million initial principal round in the summer of 2020.

“As a high-growth startup, we want to keep our employees healthy and provide them with the best healthcare benefits. Until Angle Health, we thought we would have to settle for the rigid status quo with legacy health insurance providers. will,” said bailey jonesSpecial Consultant at Payroll API Innovator nuclear fi, “Angle Health is more than just an insurance company – they put our employees at the center, constantly going out of their way to provide care and support. And they make everything easy and quick – GET A QUOTE From connecting with the angle care team, to open enrollment.”

additional resources

  • Employer – To sign up with Angle Health, visit Here,
  • Brokers and Agents – Visit to work with Angle Health Here,
  • Provider – To learn more about Angle Health, visit here Here,

About Angle Health

Angle Health democratizes access to modern healthcare by integrating today’s fragmented healthcare benefits systems into a single core coverage and delivery platform. As a full-stack healthcare benefits provider, Angle Health drives efficiency across the value chain through its digital-first platform—from instant underwriting for brokers and streamlined administration for employers to personalized care navigation for members. With access to a national network of healthcare providers and facilities, Angle Health is the leading health benefits provider for modern employers, now serving thousands of employees and members nationwide.

visit anglehealth.com to learn more.

about the portage

Portage is a global investment platform focused on fintech and financial services, with US$2B+ under management, 65+ portfolio companies and 55 professionals across 13 countries. United States, Canada And Europe, Our team partners with ambitious companies at all stages through Portage Ventures and Portage Capital Solutions. We provide flexible capital and a global network of investors, commercial partners, advisors and value creation experts. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services. Portage is a platform within Sagard, a multi-strategy alternative asset management firm with $13B+ under management. learn more on www.portageinvest.com,

About Proven Capital

Proven Capital is a global, multistage venture capital firm that supports founders building sustainable companies in the largest verticals of the global economy. We invest in transformative startups in FinTech, InsurTech, HealthTech, Real Estate, and Enterprise IT. Our multi-layered approach and deep network in these complex industries enable us to support leading entrepreneurs from first investigation to IPO. To learn more, visit provencap.com.

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