Read the full article, here.
Angle Health, the digital-first, fully-licensed health insurance provider bringing transparency, simplicity, and ease of use to members, employers, and brokers in a frictionless experience, today announced $58 million Series A funding led by Portage. Its latest round also included participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, and Pilot founder Waseem Daher; and support from existing investors Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator. 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.
“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 at Portage. “Just as innovators like Kin and Lemonade have done for personal lines of insurance—Angle has made health insurance more convenient, approachable, and affordable for employers and members. ”
Launched in 2021, Angle Health is bridging the divide 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, which today severely limits access to, and availability of, modern healthcare services like telemedicine, digital behavioral health, and chronic disease management,” shares Ty Wang, CEO of Angle Health. “Just as tools for navigation and ride-sharing have eliminated the need to read maps and street signs to traverse the physical world, Angle Health is eliminating the need for members to navigate the complexities of the healthcare system on their own, and empowering members to get care without breaking the bank.”