Total amount raised
$62 Millions
Latest funding date
08/01/2023
Location
Angle Health has successfully raised funding through multiple rounds, with notable investors including TSVC and Aloft VC. The company offers a modern health insurance experience tailored to the needs of today's employees.
Keep reading to explore the intricacies of Angle Health's fundraising journey and the investors backing this innovative platform.
What Is Angle Health?
Angle Health, founded in 2019 by Anirban Gangopadhyay and Tylon Wang, is headquartered in San Francisco, California. The company specializes in providing a modern health insurance experience tailored to the needs of today's employees.
With a team of 101-250 employees, Angle Health offers AI-enabled health insurance plans, a benefit builder platform, and integrated engagement programs. Their services are designed to simplify the administration and access to healthcare for employers and employees alike.
Angle Health's innovative approach includes rapid level-funded quotes, custom plan designs, and a unified care platform, making it a comprehensive solution for modern employers. The company operates in multiple states, offering flexible and tech-enabled health insurance plans.
How Much Funding Has Angle Health Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the initial product and infrastructure.
- Seed Round
- Amount Raised: $4M
- Date: July 2020
- Lead Investors: Blumberg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the AI-powered technology platform and regulatory infrastructure.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and expanding market reach.
- Series A
- Amount Raised: $58M
- Date: January 2023
- Lead Investors: Portage Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and further develop the digital-first health insurance platform.
- Series A
- Amount Raised: Not publicly disclosed
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational expansion.
Total Amount Raised: $62M
Current Valuation: Not publicly disclosed
Key Investors
- Portage Ventures
- Details: Portage Ventures is a global investment platform focused on fintech and financial services. They have over $2 billion under management and invest in companies transforming financial services.
- Investment Focus Areas: Fintech, financial services, digital health
- Notable Investments: Not publicly disclosed
- Blumberg Capital
- Details: Blumberg Capital is an early-stage venture capital firm that partners with entrepreneurs to innovate and build technology companies. They have a global presence and a strong track record in the tech industry.
- Investment Focus Areas: Early-stage technology, fintech, cybersecurity
- Notable Investments: Not publicly disclosed
- SixThirty Ventures
- Details: SixThirty Ventures is a venture capital firm that invests in early-stage enterprise technology and financial services companies. They provide funding and mentorship to help startups scale.
- Investment Focus Areas: Enterprise technology, financial services, fintech
- Notable Investments: Not publicly disclosed
- PruVen Capital
- Details: PruVen Capital is a global, multistage venture capital firm investing in FinTech, InsurTech, HealthTech, Real Estate, and Enterprise IT. They focus on technology-driven companies.
- Investment Focus Areas: FinTech, InsurTech, HealthTech, Real Estate, Enterprise IT
- Notable Investments: Newfront, Bilt Rewards, Avibra
- Y Combinator
- Details: Y Combinator is a well-known startup accelerator that has funded over 2,000 startups. They provide seed funding, mentorship, and resources to help startups grow.
- Investment Focus Areas: Various startups across multiple sectors
- Notable Investments: Airbnb, Dropbox, Stripe
What's Next for Angle Health?
Angle Health is poised for significant growth as it expands into new markets like Arizona, Ohio, and Georgia. The digital health sector is booming, and the company's AI-enabled platform positions it well to capture a share of the $1.2 trillion employer-sponsored health plan market. With a recent $58 million investment, the company is well-funded to scale its operations and enhance its service offerings.
Future fundraising opportunities are likely, with potential Series B rounds on the horizon as the company continues to grow. However, challenges such as regulatory compliance and competition from established providers could pose hurdles. Navigating these complexities will be crucial for Angle Health's sustained success.
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