Jul 21, 2020

Angle Health announces $4 million series seed to launch tech-enabled health insurance plans for startups

Angle Health announces $4 million series seed to launch tech-enabled health insurance plans for startups.

SAN FRANCISCO, July 21, 2020 /PRNewswire/ -- Angle Health, a Y Combinator-backed health insurance carrier, today announced that it has closed $4 million in a Series Seed funding round led by Blumberg Capital with participation from Y Combinator, Correlation Ventures, TSVC, Liquid 2 Ventures and several smaller funds and angels.

Angle Health is launching comprehensive health insurance plans designed to help startups save on benefits costs by providing options that are easy to understand, affordable and deliver more relevant coverage to employees. By combining research-backed digital and behavioral health programs with an integrated data infrastructure and machine-learning, Angle Health is able to provide a first-class member experience, reduce administrative overhead, and leverage data-driven insights to incentivize healthier lifestyles.

Angle Health's tech-enabled, digital experience will feature a mobile-application for members to easily manage all aspects of their health insurance, including submitting claims, booking appointments, engaging with their providers via telehealth, managing and ordering prescriptions, and tracking spend. Angle's integration with startup HR platforms provide a streamlined, entirely digital enrollment and billing process for employers and employees, reducing enrollment timelines and administrative inefficiencies. To make this possible, Angle has partnered with Noyo, the technology company whose suite of API integrations is powering back-end connections between health insurers and HR platforms industry-wide.

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