● Covered by 1 source · 1 reportMedium impact1 neutral
Angle Health Raises $200M Series C at $2.7B Valuation, Includes $400M Tender Offer
Key points
- Angle Health raised $200 million in Series C funding.
- The round included a $400 million tender offer for employee shares.
- The company is now valued at $2.7 billion.
- Vitruvian Partners led the funding round.
Funding Details and Valuation
Angle Health announced a $200 million Series C funding round, led by Vitruvian Partners. Additional participants included Town Hall Ventures, Blumberg Capital, Portage Ventures, PruVen Capital, and Y Combinator. This funding round values the health insurance startup at $2.7 billion.
Tender Offer for Employees
Alongside the Series C funding, Angle Health also initiated a $400 million tender offer. This offer provides an opportunity for employees to cash out a portion of their shares, which is expected to close later this month.
Company Focus and Services
Founded in 2019 and a Y Combinator alum, Angle Health specializes in providing "level funded health plans" for small businesses. These plans offer a middle ground between fully insured and self-funded options, aiming to provide predictable payments and potential savings for businesses. The company utilizes an AI-powered platform to help businesses select and manage plans, integrating with existing payroll and HR systems.
Market Presence and Profitability
Angle Health currently serves over 5,000 businesses. The company has stated that it is profitable, indicating a stable financial position as it secures new investment.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Angle Health, a health insurance startup, secured $200 million in Series C funding and a $400 million tender offer, valuing the company at $2.7 billion. This funding round and tender offer allow employees to cash out shares, impacting the company's financial structure and growth trajectory in the health insurance sector.