Angle Health, a San Francisco, CA-based medical insurance supplier, raised $58M in Sequence A funding.
The spherical was led by Portage with participation from PruVen Capital, Wing Enterprise Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, Waseem Daher, Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator.
The corporate intends to make use of the funds to speed up development and broaden operations.
Co-founded by CEO Ty Wang and CTO Anirban Gangopadhyay, Angle Well being is a digital-first, fully-licensed medical insurance supplier bringing transparency to members, employers, and brokers in a a straightforward expertise. Powered by its built-in, AI-enabled expertise platform, Angle Well being supplies a digital-first care navigation expertise with its absolutely tailor-made complete healthcare profit plans for employers. Telemedicine, behavioral well being, and different digital well being options are core choices built-in into all Angle Well being plans at minimal to no value for members. Angle Well being’s insurance coverage insurance policies are reinsured by an insurer with a monetary power score of A+ from each A.M. Greatest and Normal & Poor’s. With tens of 1000’s 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. Following its current enlargement into Arizona, Georgia, Indiana, Ohio, Missouri, and South Carolina, with preliminary deal with the employer-sponsored well being plan phase—a $1.2+ trillion market overlaying over 155 million People, Angle Well being is already overlaying tens of 1000’s of members on its fully-insured and self-funded merchandise since launching in 2021.