Ansel raises $20 million

Ansel Health has raised $20 million in a new round of funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others.

Founded in 2019 and formerly known as Brella Insurance, Ansel is a provider of supplemental health insurance, backed by Fidelity Security Life Insurance.

Ansel’s product covers 13,000+ injuries and illnesses, helping policyholders reduce the burden of high health insurance deductibles.

The new capital, which brings Ansel’s total raised to over $50 million, will enable the company to grow the availability of its supplemental insurance solution to employees nationwide.

“Since launching Ansel in 2019, we’ve made significant progress bringing modern supplemental insurance to more Americans by teaming up with leading insurance carriers and benefits brokerage firms across the country. This financing is an important step towards making health hardships less of a financial burden for Americans nationwide.” – Ansel’s founder and CEO, Veer Gidwaney.

“We believe Ansel’s pioneering approach to supplemental insurance will transform the US health insurance landscape, particularly as the country continues to see growing enrolments into high-deductible health plans. Ansel’s product offers members a more accessible and simplified path to comprehensive healthcare coverage. We are excited to support the team as they enter their next phase of growth.” – Ricky Lai, Partner at Portage.