Angle Health, a Y Combinator Insurance Tech Startup, Raises Series C at $2.7 Billion Valuation
Health insurance startup Angle Health has raised a $200 million Series C round and announced a concurrent $400 million tender offer, valuing the company at $2.7 billion. The funding was led by Vitruvian Partners with participation from several other venture capital firms including Y Combinator. This financing allows employees to cash out some of their shares and is expected to close later this month. Angle Health specializes in helping small businesses obtain and manage level-funded health plans, which offer a middle ground between fully insured and self-funded options by providing predictable payments with potential cost savings if expenses remain low. The company claims it serves over 5,000 businesses using its AI-powered platform integrated with payroll and HR systems. The funding round highlights continued interest in insurance technology solutions that aim to make health coverage more affordable for small businesses.
