/Companies

Angle Health

Unicorn · $2.7BYC W20

San Francisco, US · Founded 2019 · 100 employees · 24 known investors

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Angle Health is an AI-enabled health insurance platform that serves employers and their employees by consolidating carrier, third-party administrator, and managing general underwriter functions into a single integrated experience. The platform combines modern technology with support for quoting, onboarding, administration, and member engagement.

Also known as AdRem Media · AdRem Media, Inc., Angle · Angle · Inc.

AI & Machine LearningFintechHealthtechInsurTechSaaSHealth InsuranceUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W20)

Angle Health was founded in 2019 by Ty Wang, Anirban Gangopadhyay, and Tylon (Ty) W.

TWTy Wang
Ty WangCo-Founder & CEOFounder of Angle Health, an AI-enabled health insurance platform that consolidates carrier, third-party administrator, and managing general underwriter functions for employers and their employees.
AGAnirban Gangopadhyay
Anirban GangopadhyayCo-Founder
T(Tylon (Ty) W
Tylon (Ty) WCo-Founder & CEO
MG
Max GardnerPresident
BS
BJ Scott
MB
May BabraitisHead of Talentformer
KS
Kevin SaundersTechnical Recruiting Managerformer
LM
Lee Mitchell

Investors · 24

Mighty Capitallisted by Mighty CapitalSan Francisco

How we know: Mighty Capital's portfolio page · funding news · siliconangle.com · the VCSheet dataset · research · anglehealth.com · Y Combinator's founder network · Not right? Tell us

TSVClisted by TSVCSilicon Valley · $1M

How we know: a partner's Signal profile · funding news · siliconangle.com · the VCSheet dataset · research · anglehealth.com · Y Combinator's founder network · Not right? Tell us

FW CapitalreportedWrexham

How we know: Y Combinator's founder network · Not right? Tell us

Global BrainreportedTokyo · $100K

How we know: Y Combinator's founder network · Not right? Tell us

LaunchBay CapitalreportedLondon

How we know: Y Combinator's founder network · Not right? Tell us

SaxeCap AdvisorsreportedSan Francisco

How we know: Y Combinator's founder network · Not right? Tell us

Also in the syndicate · 3

Mindset VenturesPortageleadWing VC

Funding

SEC filings, press & company announcements

$134M disclosed across 1 of 5 rounds · 2023–2026

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$2.7Bvaluation at Series CSep 2026
filing ↗
$2.7Bvaluation at Series CSep 2026
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Angle Health is a San Francisco-based digital health insurance company that provides level-funded group health plans to employers, with a focus on small and mid-sized businesses. It describes itself as a full-stack, AI-enabled health plan that combines the roles of carrier, third-party administrator and managing general underwriter into a single connected experience covering quoting, onboarding, plan administration and member engagement.

The employer-facing platform supports rapid level-funded quoting and plan design, with firm pricing available from a member-level census, and integrates with more than 100 payroll, HRIS and benefits administration systems for eligibility updates, reporting and plan access. Member-facing services include a portal and mobile app for viewing benefits and coverage, finding in-network providers, accessing a digital ID card and messaging a dedicated care team by phone or chat; plans bundle telemedicine, behavioral health and other digital health services alongside care navigation. Provider access is delivered through networks including PHCS, Cigna PPO, Nomi + Aetna and Nomi + PHCS.

The company also handles administrative functions such as payment processing, billing and invoicing. Its platform integrates medical and pharmacy data, demographic information, real-time claims patterns and population health data to help employers identify risk and design interventions.

Founding story

Ty Wang cofounded Angle Health in 2019 with fellow Palantir alum Anirban Gangopadhyay, motivated by the observation that newer medical services such as telehealth, digital pharmacies and chronic disease management programs largely accrue to employees of large technology and white-collar firms and remain inaccessible to most Americans.

Business model

Angle Health sells level-funded group health insurance plans to employers, distributed both directly and through brokers, and consolidates carrier, third-party administrator and managing general underwriter functions in-house. Alongside insurance coverage it provides administrative services, payment processing, billing and invoicing, care navigation and bundled telehealth and behavioral health benefits.

Revenue derives from employer-sponsored level-funded health plans and associated administrative and benefits services sold to employer groups.

Traction

The company reports serving more than 3,000 employers across 44 states, with top-line revenue growth of 26x since its prior funding round in 2022; an earlier December 2025 account cited more than 2,600 small business employers in 44 states. Total funding raised is approximately $200 million.

Latest developments

In December 2025 Angle Health closed a $134 million Series B led by Portage, with participation from Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC and Y Combinator, to expand access for small and mid-sized employers and to build out additional financial and care-delivery services. In January 2026 the company announced a partnership with Leap Health to expand access to more affordable infusion care for employers, and CEO Ty Wang was recognized for work on transparency and accessibility in healthcare for small and mid-sized businesses.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Angle Health competes with traditional carriers such as Blue Cross Blue Shield, UnitedHealthcare, Cigna and Aetna, targeting the small and mid-sized employer segment that its founders describe as underserved by incumbent benefits infrastructure amid employer healthcare cost increases projected by Mercer to be the largest in 15 years in 2026.

Angle Health positions its differentiation on operating as a single full-stack entity rather than a set of disconnected vendors, and on full customization of health plans for businesses as small as two employees, alongside transparency, cost predictability and detailed reporting that leadership says the SMB segment typically lacks.

Technology

The company operates an AI-enabled, integrated platform spanning quoting, underwriting, administration and member engagement. It automates parsing and generation of quotes that are traditionally delivered as long PDFs, integrates medical and pharmacy data, demographics, real-time claims patterns and population health data for risk identification, and connects to over 100 payroll, HRIS and benefits administration systems. Members use a mobile app and portal for benefits, provider search, digital ID cards and care-team messaging.

Go-to-market

Angle Health sells through brokers and directly to employers, offering rapid level-funded quotes and plan designs generated from a member-level census; the company states it quotes thousands of groups per week and uses automation so underwriters and salespeople handle only the steps requiring human judgment.

Small and mid-sized business employers — including groups as small as two employees — their employees as plan members, and the brokers who place their group health coverage.

Geography

Headquartered in San Francisco, with employer customers in 44 U.S. states. Member and provider support lines operate Monday through Friday, 6am–5pm Mountain Time.

History

Founded in 2019, Angle Health raised a $58 million round reported in 2022 to scale operations and expand into new markets. In December 2025 it announced a $134 million Series B led by Portage, combining debt and equity and bringing total funding to roughly $200 million. In January 2026 the company announced a partnership with Leap Health covering infusion care and reported an award recognizing CEO Ty Wang.

Risks & controversies

Angle Health operates in a market where employer healthcare benefit costs are rising faster than inflation and wage growth, with a further 6.7% increase projected for 2026, and competes against large incumbent carriers with established scale.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employer customersDec 20253,000 employers
Payroll, HRIS and benefits administration integrationsJan 2026100 systems
States servedDec 202544 US states
Top-line revenue growth since 2022 funding roundDec 2025$26
Total funding raisedDec 2025$200M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 8

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SimplyInsuredSimplyInsured operates a 100% online platform for small business owners to purchase and manage health insurance in the United States. The company aims to simplify the health insurance buying process and has served over 25,000 customers since its founding.
Emblem HealthEmblemHealth's Neighborhood Care is a health and wellness program offering free fitness classes, health education workshops, and community events to the public, while providing personalized insurance support and local resource connections to EmblemHealth members. The initiative serves entire communities with emphasis on preventive health and social determinants of well-being.
GustoGusto provides payroll processing, employee benefits administration, and HR management tools to businesses, offering integrated software alongside support services for these functions.
Reliance HealthReliance Health provides healthcare services combining medical expertise with technology for individuals and corporate customers in growing economies. The platform aims to make quality healthcare accessible, affordable, and integrated into daily life through a network of health providers.
HealthPartnersHealthPartners is a health system and health insurance organization that provides medical care and coverage while working to reduce health disparities in the communities it serves. It focuses on advancing health equity in chronic disease care, preventive screenings, and maternal and child health.
Evry HealthEvry provides members with access to a team of nurses, nutritionists, and doctors who coordinate personalized care plans and help members navigate health services. The service bundles wellness programs, reward incentives, and care coordination for individual health plan members.
CurativeCurative offers an employer-sponsored health insurance plan with $0 copays, $0 deductibles, and a single monthly premium, giving members access to a nationwide provider network, telehealth, and $0 preferred prescriptions. The plan includes a cash card for out-of-pocket-free care and support from care navigators to help members manage their health.

Companies working in the same space as Angle Health.

Timeline · 3

launches, deals, and filings
Jan 2026
CEO Ty Wang honored for work on healthcare transparency and access

Co-founder and CEO Ty Wang was honored for building a more transparent, accessible healthcare system for small and mid-sized businesses.

source ↗

Jan 2026
Partnership with Leap Health on infusion care

Angle Health announced a partnership with Leap Health to expand employer access to more affordable infusion care and change infusion care delivery for members.

source ↗

Dec 2025
Angle Health raises $134M Series B led by Portage

Oversubscribed Series B of $134 million combining debt and equity, led by Portage with participation from existing investors, bringing total funding to nearly $200 million; proceeds to scale operations and expand platform services.

$134M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Angle Health, Inc.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Angle Health do?
Angle Health is an AI-enabled health insurance plan offering level-funded employer health benefits to small and mid-sized businesses.
Who founded Angle Health?
Angle Health was founded by Ty Wang, Anirban Gangopadhyay, Tylon (Ty) W in 2019.
Who are Angle Health's investors?
Angle Health's investors include Aloft VC, Blumberg Capital, Crew Capital, Gaingels, Mana Ventures, Mighty Capital, Mindset Venture, Plug and Play Ventures and 13 more.
How much funding has Angle Health raised?
Angle Health has disclosed $134M raised across 1 of its 5 known rounds.
Where is Angle Health headquartered?
Angle Health is headquartered in San Francisco, US.