Health insurance startup Angle Health scores $58M

Wellbeing positive aspects company Angle Health and fitness announced it experienced scored $58 million in Collection A funding.

Portage led the spherical, with participation from SixThirty Ventures, Crew Capital, PruVen Money, Mighty Money, Aloft VC, Wing Enterprise Cash, Mindset Ventures, Wormhole Money and Waseem Daher, founder of Pilot, the accounting services business for know-how startups.

Existing investors Correlation Ventures, Blumberg Funds, Y Combinator and TSVC also supported the spherical. 

WHAT IT DOES

Angle Health is a overall health insurance and added benefits supplier customized for startups and technological know-how companies that integrates with HR platforms for an all-electronic enrollment and billing procedure.

The California-primarily based company supplies its members with telehealth, behavioral overall health and other digital wellbeing solutions, which include prescription buying and management, and paying out-tracking by means of a mobile application.

The enterprise launched in 2021 and was only readily available in Utah, but in November declared its growth to Arizona, Ohio, Georgia, Indiana, South Carolina and Missouri. 

The freshly gained resources will be used to proceed its growth into new marketplaces.

“At Angle Wellbeing, we have an ambitious vision to unify the fragmented health care rewards method, which currently severely restrictions obtain to, and availability of, modern-day health care products and services like telemedicine, digital behavioral overall health and chronic disease management,” Ty Wang, CEO of Angle Overall health, said in a assertion.

“Just as resources for navigation and journey-sharing have eradicated the require to read maps and street signals to traverse the bodily entire world, Angle Health is doing away with the have to have for users to navigate the complexities of the healthcare system on their have, and empowering customers to get treatment without breaking the lender.”

Sector SNAPSHOT

In 2020, Angle Health introduced it garnered $4 million in original seed funding to aid start its mobile software and complete regulatory filings. 

The following 12 months, Angle announced it teamed up with worker gains provider Beam Dental to give Angle associates dental positive aspects and Doctor on Desire by Included Health to offer you on-desire digital urgent care and behavioral well being products and services. 

A different startup in the well being added benefits room company is Pebble, which features curated health plans to little businesses and third-celebration offerings to workforce that their employers may not address. The company not too long ago launched with a $12 million second seed funding spherical, bringing its full elevate to $17.3 million. 

Other organizations incorporate digital-very first well being strategy service provider Firefly Overall health and Chicago-based digital employee advantages system HealthJoy.