Angle Health announces $200m Series C in $600m equity financing
Vitruvian Partners led the financing, which combines a $200 million Series C with a $400 million tender offer at a $2.7 billion valuation.
Health benefits with administration built in
Angle Health combines insurance underwriting, plan administration and member technology so employers can offer customized coverage through one platform. Brokers can generate underwritten quotes and implement plans, while employees use digital tools for benefits support, provider access and clinical guidance.
The company says its plans serve more than 5,000 employers across 47 states. Angle intends to invest in its AI-native platform and localized, condition-specific care navigation; the transaction was expected to close later in September.
Use of funds
Invest in its AI-native technology platform and hyperlocal, condition-specific care navigation