Digital health insurance firm Angle Health picks up $58m Series A

Portage led the round.

  • Other backers included PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator
  • Angle Health launched in 2021
  • Angle Health participated in Y Combinator’s Winter 2020 cohort

San Francisco-based Angle Health, a digital health insurance provider, has raised $58 million in Series A funding.

Portage led the round. Other backers included PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator.

“Angle Health brings a customizable, fully digital solution to an industry dominated by rigid benefit plans, opaque underwriting, difficult switching costs, and siloed point solutions,” said Ricky Lai, a partner at Portage, in a statement. “Just as innovators like Kin and Lemonade have done for personal lines of insurance—Angle has made health insurance more convenient, approachable, and affordable for employers and members. ”

Angle Health launched in 2021. The company was co-founded by former Palantir engineers, CEO Ty Wang and CTO Anirban Gangopadhyay.

Angle Health participated in Y Combinator’s Winter 2020 cohort.

Portage invests in fintech and financial services. Portage is a platform within Sagard, a multi-strategy alternative asset management firm with $13 billion plus under management.

PruVen Capital targets tech startups.