Angle Health, a digital insurance startup, has raised $134 million in Series B funding to scale its platform supporting small and mid-sized businesses, the company announced last week.
San Francisco-based Angle Health is a digital healthcare benefits provider for employers. Its AI-powered app offers care navigation services through its care team. Its customizable health plans include telemedicine, behavioral health and other digital health solutions. The company can also help with payment processing, billing and invoicing, and serves more than 3,000 employers across 44 states.
Its Series B round was led by Portage and included participation from Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC and Y Combinator. The round included a combination of debt and equity. In total, Angle Health has raised about $200 million.
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“Angle Health is what happens when you bring some of the brightest minds in AI and machine learning into an industry that consistently lags in technological innovation,” said Ricky Lai, general partner at Portage, in a statement. “The Angle team is taking a novel approach to one of the biggest challenges facing employers today: how to provide employees with quality healthcare access while keeping costs in check. They are using human-centered AI to rebuild the operational and financial infrastructure behind healthcare benefits.”
With the funding, Angle Health aims to expand access to its platform for more small to mid-sized employers, according to Ty Wang, co-founder and CEO of the company.
“We’re also continuing to build out our platform across financial and healthcare services, specifically making significant investments in developing and launching additional services on the care delivery side that enable members to access higher quality, more cost-effective treatment options,” Wang said in an email.
Angle Health’s funding comes as employers are facing skyrocketing healthcare costs. Businesses are projecting the largest increase in 15 years in 2026, according to Mercer.
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More than that, employers are often dealing with “archaic infrastructure and manual processes” when it comes to health insurance, Wang said. This particularly hurts smaller employers as they often lack the resources to manage health benefits effectively.
“Angle Health is tackling this market head-on with an AI-powered platform that transforms how organizations access, customize, and control healthcare costs,” he noted. “It enables employers to meet their employees’ healthcare needs while stabilizing costs long-term — a top priority as employer healthcare expenses are expected to see the biggest increase in 15 years.”
Angle Health’s competitors include traditional insurance companies like Blue Cross Blue Shield, UnitedHealthcare, Cigna and Aetna. Though what makes Angle unique is its ability to enable full customization of health plans for businesses as small as two employees, according to Wang.
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