Well being advantages firm Angle Well being introduced it had scored $58 million in Collection A funding.
Portage led the spherical, with participation from SixThirty Ventures, Crew Capital, PruVen Capital, Mighty Capital, Aloft VC, Wing Enterprise Capital, Mindset Ventures, Wormhole Capital and Waseem Daher, founding father of Pilot, the accounting companies firm for expertise startups.
Present traders Correlation Ventures, Blumberg Capital, Y Combinator and TSVC additionally supported the spherical.
WHAT IT DOES
Angle Well being is a medical insurance and advantages supplier tailor-made for startups and expertise firms that integrates with HR platforms for an all-digital enrollment and billing course of.
The California-based firm gives its members with telehealth, behavioral well being and different digital well being companies, together with prescription ordering and administration, and spending-tracking by way of a cellular software.
The corporate launched in 2021 and was solely obtainable in Utah, however in November announced its expansion to Arizona, Ohio, Georgia, Indiana, South Carolina and Missouri.
The newly acquired funds can be used to proceed its growth into new markets.
“At Angle Well being, now we have an bold imaginative and prescient to unify the fragmented healthcare advantages system, which in the present day severely limits entry to, and availability of, trendy healthcare companies like telemedicine, digital behavioral well being and power illness administration,” Ty Wang, CEO of Angle Well being, stated in an announcement.
“Simply as instruments for navigation and ride-sharing have eradicated the necessity to learn maps and avenue indicators to traverse the bodily world, Angle Well being is eliminating the necessity for members to navigate the complexities of the healthcare system on their very own, and empowering members to get care with out breaking the financial institution.”
MARKET SNAPSHOT
In 2020, Angle Well being introduced it garnered $4 million in initial seed funding to assist launch its cellular software and full regulatory filings.
The following 12 months, Angle introduced it teamed up with worker advantages supplier Beam Dental to supply Angle members dental advantages and Doctor on Demand by Included Health to supply on-demand digital pressing care and behavioral well being companies.
One other startup within the well being advantages area firm is Pebble, which affords curated well being plans to small companies and third-party choices to workers that their employers might not cowl. The corporate lately launched with a $12 million second seed funding round, bringing its complete increase to $17.3 million.
Different firms embrace virtual-first well being plan supplier Firefly Health and Chicago-based digital worker advantages platform HealthJoy.
