Y Combinator insurance tech alum Angle Health hits $2.7B valuation
Angle Health has grown to 5,000 customers and become profitable, by helping small businesses get "level-funded" health insurance.
A health insurance startup called Angle Health, founded in 2019 and focused on AI agents, has announced a $200 million Series C round, along with a $400 million tender offer, bringing its valuation to an impressive $2.7 billion. The funding round, led by Vitruvian Partners and joined by Town Hall Ventures, Blumberg Capital, Portage Ventures, PruVen Capital, and Y Combinator, is set to close later this month.
The company, a winter 2020 graduate of Y Combinator, specializes in providing small businesses with "level funded health plans," a hybrid between fully insured and self-funded plans. These plans offer predictable payments to carriers, insurance against unexpected costs, and the potential to save money if expenses remain low. Angle Health's AI-powered platform assists businesses in selecting and managing these plans, integrating with payroll and HR systems. The startup currently serves over 5,000 businesses and has achieved profitability.
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