Angle Health raised $134 million in series B funding to scale its benefits platform, according to a Dec. 3 news release.
The company secured a mix of debt and equity, with total funding reaching nearly $200 million.
Portage led the funding round, which included Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC and Y Combinator as investors.
Angle Health, founded by two former Palantir engineers, offers an AI-powered platform to small and midsize employers. The company serves more than 3,000 employers throughout 44 states. It leverages medical, pharmacy, demographic, claims and population health data to tailor health plans and identify risk.
“The healthcare benefits ecosystem wasn’t designed for the small-to-medium-sized businesses that employ nearly half of America’s workforce, and legacy technology can’t deliver on the efficiencies and savings unlocked by AI,” said Tylon Wang, co-founder and CEO of Angle Health. “We’re rebuilding healthcare infrastructure and care pathways to give all employers access to the comprehensive benefits historically reserved for large enterprises.”
