Angle Health Snags $134M Amid Surging Cost Savings Demand From Employer-Sponsored Plans

Angle Health, a health benefits payer serving employer groups, has raised $134 million in an oversubscribed Series B round led by Portage, with participation from Blumberg Capital, SixThirty Ventures, Y Combinator, and others. The round includes both debt and equity, bringing total funding to nearly $200 million as the company scales to meet rising demand for AI-enabled, alternative payer offerings.

Angle Health delivers a digital-first care navigation and benefits platform powered by integrated, AI-driven infrastructure. By unifying medical and pharmacy data, demographics, real-time claims patterns, and population health insights, the platform helps employers detect risk earlier and design targeted interventions. The company focuses on small and midsized businesses—nearly half of the U.S. workforce—aiming to provide employer groups with the comprehensive benefits typically reserved for large enterprises. CEO Ty Wang said legacy benefits systems aren’t built for SMBs and cannot deliver the efficiencies unlocked by modern AI-driven infrastructure.

Since its previous raise in 2022, Angle Health has grown revenue 26x and now serves more than 3,000 employers in 44 states. As healthcare benefit costs continue to outpace inflation and wage growth—with a 6.7% increase projected for 2026—Angle’s bundled model of telehealth, behavioral health benefits, administrative services, and care navigation positions it as a one-stop solution for employers seeking cost management and better employee access to care. Portage general partner Ricky Lai said the company is rebuilding the operational and financial backbone of healthcare benefits with “human-centered AI,” addressing one of employers’ most pressing challenges.