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 providers 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 health insurance and advantages supplier tailor-made for startups and expertise corporations 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 providers, together with prescription ordering and administration, and spending-tracking by way of a cellular utility.
The corporate launched in 2021 and was solely out there in Utah, however in November introduced its growth to Arizona, Ohio, Georgia, Indiana, South Carolina and Missouri.
The newly obtained funds might be used to proceed its growth into new markets.
“At Angle Well being, now we have an formidable imaginative and prescient to unify the fragmented healthcare advantages system, which at this time severely limits entry to, and availability of, fashionable healthcare providers like telemedicine, digital behavioral well being and persistent illness administration,” Ty Wang, CEO of Angle Well being, stated in a press release.
“Simply as instruments for navigation and ride-sharing have eradicated the necessity to learn maps and road 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.”
In 2020, Angle Well being introduced it garnered $4 million in preliminary seed funding to assist launch its cellular utility and full regulatory filings.
The following yr, Angle introduced it teamed up with worker advantages supplier Beam Dental to supply Angle members dental advantages and Physician on Demand by Included Well being to supply on-demand digital pressing care and behavioral well being providers.
One other startup within the well being advantages house firm is Pebble, which provides curated well being plans to small companies and third-party choices to staff that their employers could not cowl. The corporate not too long ago launched with a $12 million second seed funding spherical, bringing its complete elevate to $17.3 million.
Different corporations embrace virtual-first well being plan supplier Firefly Well being and Chicago-based digital worker advantages platform HealthJoy.