Angle Health, a vertically-integrated AI platform for healthcare benefits, has secured a $134 million oversubscribed Series B funding round. The investment, which combines debt and equity, brings the company’s total funding to nearly $200 million as it scales operations to address the demand for alternative health plan products.
The Series B round was led by Portage, with participation from major investors including Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC, and Y Combinator. This funding will support Angle Health’s continued expansion.
Since its last funding round in 2022, Angle Health has achieved several operational milestones. The company reported a 26x increase in topline revenue and expanded its customer base to over 3,000 employers across 44 states. It has maintained a customer renewal rate exceeding 80% and reported 36% lower median rate increases compared to the industry median for small businesses. Additionally, Angle Health achieved a 90% member-level customer satisfaction score through the first three quarters of 2025.
Angle Health focuses on small- to medium-sized businesses, aiming to help employers manage healthcare costs while meeting employee needs. This is particularly relevant as employer healthcare expenses are projected to see their largest increase in 15 years, according to a recent Mercer report. The company’s proprietary AI models are trained on de-identified patient records to predict future healthcare risks.
The platform integrates various data points, including medical and pharmacy data, demographic information, real-time claims patterns, and population health data. This allows brokers and employers to identify emerging risks, design health plans, and implement personalized interventions to mitigate potential health events. Ty Wang, co-founder and CEO of Angle Health, stated, “We’re rebuilding healthcare infrastructure and care pathways to give all employers access to the comprehensive benefits historically reserved for large enterprises.”
Angle Health’s platform aims to streamline the broker experience, enabling the generation of firm underwritten quotes for custom plan designs in minutes, eliminating the need for individual health surveys. The Angle Benefit Builder is utilized by thousands of brokers and agencies. Many users have reported improved close rates and client satisfaction due to rapid turnaround times, competitive pricing, and insights provided by Angle’s Health Scorecard, which offers transparency into health risks for both brokers and employers.
Ricky Lai, General Partner at Portage, commented, “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.” Angle Health integrates AI-powered underwriting, claims administration, and member engagement to enable businesses to offer customized benefits and personalized healthcare experiences.
