Angle Health raises $4 million
Angle Health, a new health insurance carrier targeting startups, has raised $4 million in a Seed round led by Blumberg Capital with participation from Y Combinator, Correlation Ventures, TSVC, Liquid 2 Ventures and several smaller funds and angels. The funding will be used to complete Angle Health’s regulatory filing, launch its mobile application and integrate infrastructure to support greater accessibility to medical services, including primary and urgent care, mental health, chronic disease management and reproductive health.
Founded in 2019 and led by former Palantir employees Tylon Wang and Anirban Gangopadhyay, Angle Health is launching comprehensive health insurance plans designed to help startups and their employees save on benefits costs with options that are easy to understand, affordable and more relevant. Angle’s plans will be ACA-compliant, covering all federal and state essential health benefits, and include integrated pediatric dental and vision benefits and optional bundled adult dental and vision.
The startup will feature a mobile-application for members to manage all aspects of their health insurance, including submitting claims, booking appointments, engaging with their providers via telehealth, managing and ordering prescriptions, and tracking spend. Angle will also integrate with HR platforms providers and to make this possible, it has partnered with Noyo, the technology company powering back-end connections between health insurers and HR platforms.
“Angle Health and Noyo share a commitment to making health insurance simpler and more transparent for both employers and employees. Small startups across the nation seek what Angle Health offers: modern health insurance designed specifically for them. We’re proud to be a launch partner as Angle Health brings this much needed product to life.” – Shannon Goggin, CEO of Noyo.
“Within the broad and rapidly evolving market for health insurance in the U.S., we were particularly attracted by Angle Health’s focus on the startup demographic which is severely underserved and hungry for technological innovation – at highly attractive unit economics. The growth potential for Angle Health is massive. Technological advances are making medical services ever more accessible through easy access digital offerings, telemedicine and virtual healthcare. Angle Health will deliver the flexible, mobile-first, health care benefits that startups seek at affordable prices.” – David Blumberg, founder and managing partner at Blumberg Capital.
“Today’s startups expect a modern health insurance experience with convenience, transparency, and greater access to mental health and wellness services. Our vision is to be the gold-standard health insurance carrier for medical service delivery, accessibility, member satisfaction and health outcomes. The funding allows Angle Health to launch our integrated platform to ultimately give users a seamless healthcare experience. This moves us one step closer to our mission: to eliminate preventable diseases by guaranteeing that quality healthcare is available and accessible to all that need it.” – Tylon Wang, co-founder and CEO of Angle Health.