Angle Health Valuation, Funding & Investors
Angle Health is valued at $16M as of July 2020.
Last Angle Health valuation
$16M
Seed · Jul 2020
Last Angle Health funding round
$134M
Series B · Dec 2025
Cumulative funding Angle Health raised
$196M
across 3 funding rounds
Key investors in Angle Health
Y Combinator
Blumberg Capital
Portage Ventures
TSVC
Liquid 2 Ventures
Correlation Ventures
About Angle Health
Angle Health is a New York-based provider of health insurance platforms and self-funded plans for startups. The company offers customizable medical benefits administration, pharmacy benefits, and virtual care integrations for employers with 10 to 500 employees.
Founded
2019
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$16M (Jul 2020)
Angle Health Valuation
Angle Health is currently valued at $16M, based on its seed round in July 2020.
The $4M round was led by Blumberg Capital, with participation from Y Combinator, Liquid 2 Ventures, Luca Ventures, TSVC, Nate Matherson and 1 other investor.
Angle Health valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2020 | Seed | $16M |
Angle Health Funding History
Angle Health has raised a total of $196M across 3 funding rounds.
Angle Health's first fundraising round was a $4M seed round in July 2020. The most recent completed round was a $134M Series B in December 2025.
Angle Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Series B | Portage Ventures (lead); Blumberg Capital; Mighty Capital; Y Combinator; SixThirty; PruVen Capital; TSVC; Wing Venture Capital | $134M | - | Angle Health, an AI-native healthcare benefits platform, raised $134 million in a Series B round led by Portage Ventures in December 2025, with participation from Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC, and Y Combinator. The round was oversubscribed and included a mix of debt and equity, bringing total company funding to approximately $200 million since inception. The company serves over 2,600 to 3,000 small and mid-sized business employers across 44 states, offering an integrated platform that combines healthcare benefits administration, plan customization, care navigation, and digital health services including telemedicine and behavioral health. Angle Health employs AI and machine learning to streamline quoting, underwriting, and administrative processes while providing transparency and cost efficiency to employers struggling with healthcare expenses. The company has demonstrated strong unit economics with customer renewal rates exceeding 80% and member satisfaction at 90%, and has grown revenue 26x since its Series A round. With this funding, Angle Health plans to expand access to its platform across more states and scale delivery-side services to provide members with higher-quality, more cost-effective treatment options while building out additional financial and healthcare services. |
| Jan 2023 | Series A | Portage Ventures (lead) | $58M | - | Angle Health is a San Francisco-based digital-first, fully-licensed health insurance provider offering an AI-powered platform for customizable health benefits targeted at small and mid-sized businesses, employers, brokers, and members. Founded in 2020 by former Palantir engineers Ty Wang and Anirban Gangopadhyay after participating in Y Combinator's Winter 2020 cohort, the company provides transparency, simplicity, and frictionless experiences in an industry known for rigid plans and opaque underwriting. On January 25, 2023, Angle Health announced a $58 million Series A funding round (noted as Series A-II in some sources) led by Portage Ventures, with participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, Pilot founder Waseem Daher, and support from existing investors Blumberg Capital, Correlation Ventures, TSVC, and Y Combinator. This followed a seed round in summer 2020 and an earlier Series A in December 2022, bringing prior total funding context into the expansion phase. The new capital supported geographic expansion into Arizona, Georgia, Indiana, Ohio, Missouri, and South Carolina, alongside development of its AI-native technology for risk identification, plan structuring, and tools like Benefit Builder for rapid custom quotes. The January 2023 round aligned with Angle Health's growth strategy amid rising healthcare costs, positioning it to modernize employer-sponsored coverage through proprietary AI models trained on de-identified patient data, incorporating medical, pharmacy, claims, and population health metrics for predictable costs and personalized interventions. Portage highlighted Angle's innovation akin to Kin and Lemonade in personal insurance, emphasizing convenience, affordability, and a rebuild of operational infrastructure in financial services-adjacent healthcare. Angle operates in the $4 trillion U.S. health insurance market facing ACA premium hikes over 15%, regulatory scrutiny on payers like UnitedHealth and Centene, and employer expense surges projected as the largest in 15 years. Its platform delivers 36% median rate increase reductions versus market benchmarks, stronger broker close rates, and tools like Health Scorecard for visibility. Later 2025 updates note 26x revenue growth since the 2022/2023 Series A period, over 80% renewal rates, 90% member satisfaction, and service to 3,000+ employers in 44 states. Subsequent developments include a December 2025 $134M oversubscribed Series B (mix of equity/debt) led by Portage with Blumberg Capital and others, scaling total funding to nearly $200M, underscoring traction in HealthTech for SMB benefits disruption. |
| Jul 2020 | Seed | Blumberg Capital (lead); Y Combinator; Liquid 2 Ventures; Luca Ventures; TSVC; Nate Matherson; Correlation Ventures | $4M | $16M | Angle Health is a health insurance startup offering tech-enabled health plans for startups and small businesses, focusing on mobile-first benefits including primary care, urgent care, mental health, chronic disease management, and reproductive health. The company integrates with HR platforms for streamlined enrollment and billing and aims to be ACA-compliant, covering essential health benefits. On July 21, 2020, Angle Health closed a $4 million Series Seed funding round led by Blumberg Capital, with participation from Y Combinator, Correlation Ventures, TSVC, Liquid 2 Ventures, and angels. The post-money valuation was $15.67 million. Proceeds support regulatory filings, mobile app launch, and infrastructure for expanded medical services accessibility. Blumberg Capital highlighted Angle Health's appeal due to its focus on the underserved startup demographic, attractive unit economics, and potential in a market driven by telemedicine and virtual healthcare innovations. |
Who has invested in Angle Health?
12 investors have backed Angle Health across its funding rounds, including Y Combinator, Blumberg Capital, Portage Ventures, TSVC, Liquid 2 Ventures and Correlation Ventures.
Lead investors include Portage Ventures and Blumberg Capital.
Angle Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 2 | Lead | Jul 2020 | |
| San Francisco, CA | 2 | Participant | Jul 2020 | |
 Toronto | 2 | Lead | Jan 2023 | |
| San Francisco, CA | 2 | Participant | Jul 2020 | |
| San Francisco, CA | 1 | Participant | Dec 2025 | |
| San Francisco, CA | 1 | Participant | Jul 2020 | |
| St Louis, MO | 1 | Participant | Dec 2025 | |
| San Francisco, CA | 1 | Participant | Jul 2020 | |
| San Francisco, CA | 1 | Participant | Dec 2025 | |
| Charleston, SC | 1 | Participant | Jul 2020 | |
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Start Free TrialAngle Health Competitors
Angle Health competitors include listed companies like eHealth, AIX Inc., Clover Health and Zhibao Technology, and private ones like HealthBird and Avibra.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Miami, FL | Private | - | - | $20M | - | |
| United States | Publicly listed | $554M | $83M | $27M | 1.0x | |
 China | Publicly listed | $83M | ($342M) | $64M | - | |
| United States | Publicly listed | $1.9B | ($84M) | $2.4B | 0.8x | |
| China | Publicly listed | $41M | ($9M) | $52M | 1.2x | |
| Iselin, NJ | Private | - | - | $16M | - |
Angle Health Public Comps
Angle Health is still privately-owned, but its public comps include Waterdrop Inc., Huize Holding, Nord Insuretech Group, Aijinet, Yolo Group, eHealth, LM Pay, Cheche Group, M.W. Trade and Ontrak.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $32M | $5M | 2.8x | - | 18.7x | - | |||
| $236M | $4M | - | - | - | - | |||
| $436K | ($2M) | 50.6x | - | (10.7x) | - | |||
| $28M | $3M | 0.9x | 1.4x | 8.8x | - | |||
| $16M | ($661K) | 0.8x | 0.8x | (19.9x) | (10.1x) | |||
| $554M | $83M | 0.8x | 1.0x | 5.6x | 6.3x | |||
| $3M | $2M | 8.1x | 2.5x | 11.4x | 7.1x | |||
| $449M | ($2M) | 0.1x | 0.1x | (15.7x) | - | |||
This data is available for Pro users. Sign up to see all Angle Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Angle Health
| When was Angle Health founded? | Angle Health was founded in 2019. |
| Where is Angle Health headquartered? | Angle Health is headquartered in San Francisco, CA, United States. |
| Is Angle Health publicly listed? | No, Angle Health is a private, VC-backed company. |
| What is Angle Health's valuation? | Angle Health was last valued at $16M in its seed round in July 2020. |
| How much funding has Angle Health raised? | Angle Health has raised $196M across 3 funding rounds. |
| What was Angle Health's last funding round? | Angle Health's last funding round was a $134M Series B in December 2025, led by Portage Ventures. |
| Who are Angle Health's investors? | Angle Health's investors include Blumberg Capital, Y Combinator, Portage Ventures, TSVC, Mighty Capital, Liquid 2 Ventures, SixThirty, Luca Ventures, PruVen Capital, Nate Matherson and 2 others. |
| Which companies are comparable to Angle Health? | Companies comparable to Angle Health include HealthBird, eHealth, AIX Inc., Clover Health, Zhibao Technology and Avibra. |
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