Venture Capital: Digital Health Insurer Angle Nabs $58M Series A

January 27, 2023 | News, Venture Capital
https://dailyalts.com/wp-content/uploads/2023/01/63d1316cdabdd5a95b5eae00_Group-242339.png

Angle Health recently expanded into Arizona, Georgia, Indiana, Ohio, Missouri, and South Carolina.

Angle Health, a digital-first health insurance provider, announced $58 million in Series A funding led by Portage.

The funding 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. (CISION PR NEWSWIRE)

The company’s  goal is to unify the fragmented healthcare benefits system and provide access to modern healthcare services like telemedicine and digital behavioral health. The company’s plans include integrated digital health solutions and are reinsured by an insurer with a strong financial rating.

It is focusing on the employer-sponsored health plan segment—a $1.2+ trillion market covering over 155 million Americans. It offers a fully digital solution to the traditional health insurance industry, providing transparency, simplicity, and ease of use to members, employers, and brokers.

Ty Wang, CEO, said: “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.”

The company  focuses on employer-sponsored health plans.

“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.

Related Story:  Monogram Health Lands $375M Funding Round For Specialized At-Home Renal Care

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…