Angle Health
Angle Health is an AI-native, full-stack health insurance platform combining carrier, TPA, and MGU functions onto a unified data system. It sells level-funded health plans to small and mid-sized employers exclusively through licensed benefits brokers across 44 US states.
- Company typePrivate
- Founded2021
- HeadquartersSan Francisco, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Angle Health does
Angle Health operates an AI-native, full-stack health insurance platform that consolidates carrier, third-party administrator (TPA), and managing general underwriter (MGU) functions onto a single unified data and workflow stack. The company sells level-funded, fully-insured, and self-funded group health plans to small and mid-sized employers (SMBs) — with eligible group sizes starting at 2-5 employees depending on state — exclusively through licensed benefits brokers and consulting firms including NFP, Gallagher, Aon, Hub International, and GBS/Leavitt. As of late 2025, Angle serves over 3,000 employers across 44 U.S. states.
The platform's core technology is a vertically integrated data architecture that connects underwriting, claims processing, medical management, and member engagement on a single canonical data asset. Its proprietary AI-driven underwriting engine produces firm level-funded quotes in minutes from a member-level census, replacing traditional multi-week underwriting cycles, and predictive models flag high-cost claims before prior authorization. The product surface includes a member mobile app (iOS/Android) with single sign-on to Doctor on Demand by Included Health for 24/7 telehealth, an employer portal for eligibility and reporting, a broker self-service quoting portal, an API Platform Quoting offering for programmatic integration, and the Angle Health Scorecard for group risk and performance insights. The platform integrates with 100+ payroll, HRIS, and benefits administration systems and operates across national provider networks (Aetna, Cigna, First Health, PHCS, HAP, Nomi, Mississippi Physicians CareFirst). Plans are administered by Adrem Administrators in most states and underwritten by Balanced Insurance Company of Utah for Utah employers, with policies reinsured by an A+ (A.M. Best and S&P) rated carrier.
Angle generates revenue through recurring monthly per-member premiums on fully-insured plans, level-funded plan payments combining claims funding, administrative fees, and stop-loss coverage on self-funded products, stop-loss/reinsurance premiums, and TPA/MGU administrative fees. Pricing is quote-based and not publicly disclosed; brokers configure networks and PBM options and receive firm quotes within minutes via the AI underwriting engine. The company has raised approximately $200 million in cumulative venture funding (a $4M seed in 2020, a $58M Series A led by Portage in January 2023, and a $134M oversubscribed Series B led by Portage in December 2025) and reports 26x revenue growth since its Series A, an 80%+ customer renewal rate, and 36% lower median premium rate increases than the industry median. The company is led by co-founders Ty Wang (CEO) and Anirban Gangopadhyay (CTO), both former Palantir engineers, with a broader leadership team that includes CCO Caleb Parker and VP Sales Garrett Sacken.
Angle Health firmographics
Firmographics- Name
- Angle Health
- Legal name
- Angle Health, Inc.
- Website
- https://anglehealth.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Angle Health is an AI-native, full-stack health insurance platform combining carrier, TPA, and MGU functions onto a unified data system. It sells level-funded health plans to small and mid-sized employers exclusively through licensed benefits brokers across 44 US states.
- Ownership category
- akta.pro rank
Angle Health industry classification
Industry- Product category
- Employer-Sponsored Health Insurance
- NAICS
- Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Hospital & Medical Service Plans (6324), Accident & Health Insurance (6321)
- akta.pro primary industry
- Level-Funded Group Health Plans (FSAIAFAC)
- akta.pro secondary industry
- Employer Wellness & Population Health Programs (HLAEAAAH)
Keywords
Where Angle Health is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Angle Health business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Fully-Insured Health Plan Premiums: Recurring insurance premiums earned from fully-insured employer-sponsored group health plans, including those offered via Balanced Insurance Company of Utah. Premiums are set per covered member per month.
- Level-Funded / Self-Funded Plan Revenue: Recurring monthly level-funded plan payments from employers covering claims funding, administrative costs, and stop-loss coverage on self-funded products. Angle retains administrative and stop-loss fees and earns investment income on funded claim reserves.
- Stop-Loss / Reinsurance Premiums: Premium revenue from stop-loss protection underlying level-funded plans; underlying insurance policies are reinsured by a carrier with an A+ financial strength rating from both A.M. Best and S&P.
- Third-Party Administrator (TPA) & MGU Services: Administrative services revenue earned in capacity as third-party administrator (administered by Adrem Administrators in most states) and managing general underwriter, including claims processing and care management bundled with the plan.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based level-funded plans with multiple network and PBM options, priced per member per month |
Go-to-market motion5 records
Distribution channels5 records
Marketing channels7 records
Angle Health product offering
Product offeringCore offering
Angle Health is an AI-enabled, full-stack health insurance carrier that sells level-funded and fully-insured employer-sponsored group health plans to small and mid-sized businesses, combining carrier, third-party administrator (TPA), and managing general underwriter (MGU) roles onto a single data platform. Its offering pairs modern health plan designs with a self-service broker quoting tool that produces firm quotes in minutes, a member mobile app with integrated care team and telehealth, employer and broker administration portals, 100+ payroll/HRIS integrations, and customizable plan designs with multiple network and PBM options across 44 U.S. states.
Product overview
Angle Health is a single unified, AI-native, full-stack health insurance platform that combines the roles of carrier, third-party administrator, and managing general underwriter into one connected experience for small-to-medium-sized businesses (SMBs). Its core product is the Angle Health Level-Funded Health Plan, built on a unified canonical data asset that links underwriting, claims, and member engagement. The offering is delivered through an integrated suite of products and modules: the Angle Member Mobile App and Member Portal (with single sign-on to Angle Telehealth via Doctor on Demand), the Angle Employer Portal for eligibility and reporting administration, the Angle Broker Portal and Angle API Platform Quoting for self-service firm quoting in minutes, the Angle Provider Portal with Check Claim Status and Eligibility tools, the Find My Doctor network directory, the Angle Care Team for member support, the Angle Health Scorecard for group risk and performance insights, and add-on benefits such as the At-Home Infusion Care Benefit (with Leap Health). The platform supports fully-insured, self-funded, and level-funded plan designs across 44 U.S. states with integrations into national provider networks (Cigna, Aetna, First Health, PHCS, HAP, Nomi, Mississippi Physicians CareFirst Health) and over 100 payroll, HRIS, and benefits administration systems.
Differentiator
Problem solved
Functional benefit
Products and services
- Angle Health Level-Funded Health Plan Modern, AI-enabled, full-stack level-funded health insurance plan combining carrier, third-party administrator, and managing general underwriter roles into one connected experience for small and mid-sized employers. Plans are produced by Angle Insurance Services, administered by Adrem Administrators in most states, and offered by Balanced Insurance Company of Utah for Utah employers, with stop-loss reinsurance from an A+ (A.M. Best and S&P) carrier.
- Angle Health API Platform Quoting Programmatic/API quoting platform for partners and brokers to integrate Angle Health's level-funded quoting, underwriting, and plan design capabilities into their own workflows. Handles eligibility data, claims experience, social determinants of health, electronic health records, price transparency, and outcome tracking; supports 48-hour group implementation with instant digital ID cards.
- At-Home Infusion Care Benefit (with Leap Health) Employer health benefit offering, powered by Angle Health's partnership with Leap Health, providing specialty at-home infusion therapy administered by trained nurses at employees' homes. Targets the 3.2 million Americans receiving infusion therapy annually and addresses rural access gaps and a $110 billion employer cost base.
Quantifiable outcome
- 26x revenue growth since Series A in 2022
- +6 more outcomes
Companies that use Angle Health
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Angle Health technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability11 records
Feature7 records
Angle Health partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, flagship and minor.
- Leap HealthcoreSpecialty healthcare provider partnering with Angle Health to offer at-home infusion care as an employer health benefit; trained nurses administer infusion therapy in employees' homes, addressing access gaps for the 3.2 million Americans receiving infusion therapy annually and reducing an employer cost base of $110 billion. Announced via BusinessWire and MedCity News on January 20, 2026.
- Aetna NetworkflagshipNational PPO provider network offering in-network access for Angle Health members; members can search for Aetna network providers through Angle's Find My Doctor tool. Aetna provider letter available in the Provider Resources section.
- Cigna PPO NetworkflagshipNational PPO provider network offering in-network access for Angle Health members; integrated as one of three primary network options available to brokers during quoting. Cigna provider letter available in the Provider Resources section.
- NFPflagshipNational benefits brokerage firm that is part of Angle Health's growing roster of broker and agency partners that choose Angle as their healthcare insurance and benefits provider for employer clients.
- GallagherflagshipGlobal insurance brokerage and risk management firm partnered with Angle Health to deliver modern health benefits to employer clients via Angle's self-service quoting platform.
- GBS Benefits / Leavitt GroupcoreBrokerage agency partnering with Angle Health to bring modern health plan options to employer clients as part of the company's expanding broker roster.
- AonflagshipGlobal professional services and insurance brokerage firm that includes Angle Health among its healthcare insurance and benefits provider partners for employer clients.
- Hub InternationalflagshipGlobal insurance brokerage partnered with Angle Health to deliver AI-native health benefits to mid-market and SMB employer clients.
- Atomic Fi (Customer / Payor partner testimonial)minorAtomic Fi, a payroll API innovator, is cited as an Angle Health employer customer that publicly endorses the platform; partnership functions as a customer-marketing reference in the Series A press release.
- Adrem AdministratorsflagshipThird-party administrator that administers Angle Health's employer-sponsored health insurance solutions in most states across the country (Balanced Insurance Company of Utah underwrites Utah plans).
- Balanced Insurance Company of UtahcoreCaptive/subsidiary insurer under which Angle Health's employer-sponsored health insurance plans are offered in the state of Utah; Utah employers are directed to balancedinsuranceco.com for their Angle-branded plans.
- Doctor On Demand by Included HealthflagshipDoctor On Demand (now part of Included Health) provides 24/7 telemedicine services to Angle Health members through single sign-on from the Angle member portal and mobile app; covers everyday and urgent care plus mental health services with a network of board-certified physicians, licensed therapists, and psychiatrists.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
Angle Health competitors and assessment
Company assessmentDirect peers
- Collective Health: Collective Health is a technology-led employer health benefits platform focused on mid-market and large employers, offering integrated plan administration, navigation, and analytics. It is a direct peer to Angle Health in the modern, technology-enabled employer health benefits category, with a similar broker-distributed model and value proposition of replacing legacy carrier/TPA fragmentation with a unified digital experience.
- Oscar Health: Oscar Health is a technology-driven health insurer serving individual, ACA, and small group employer markets with a member-facing app and care navigation focus. It is directly comparable to Angle Health as a tech-first carrier competing for employer-sponsored business with a digital-first member experience.
- Sana Benefits: Sana Benefits provides modern, technology-enabled health insurance to small and mid-sized businesses, often via level-funded and self-funded structures, with a focus on simpler administration and transparent pricing. It directly competes with Angle Health in the same SMB employer segment with a similar AI/tech value proposition.
- Decent: Decent is a tech-forward health insurance carrier offering affordable, transparent plans primarily to small businesses and the self-employed, often through level-funded structures. It is a direct peer to Angle Health in the modern SMB employer health benefits category, with comparable underwriting and digital broker tooling.
- Hometown Health Plans: Hometown Health is a community-based, technology-enabled health plan serving employer groups with self-funded and level-funded products. It is comparable to Angle Health as a smaller, regional/expanding carrier targeting employer-sponsored group health with a focus on plan customization and member experience.
Broad incumbents
- Lemonade: Lemonade is a publicly-traded, AI-native insurance company initially focused on renters and homeowners, now expanding into pet and life insurance. While it does not sell employer health benefits, it is a comparable AI-first insurance carrier that uses behavioral economics, chat-based UX, and a unified data platform to challenge legacy incumbents — analogous to Angle Health's approach in health insurance.
- Clover Health: Clover Health is a technology-forward Medicare Advantage insurer using its Clover Assistant SaaS platform to drive better outcomes for seniors. It is a broad-comparable peer to Angle Health as a publicly-traded, AI-driven health plan using software to differentiate, though Clover's focus is MA rather than employer-sponsored coverage.
- Elevance Health (Anthem): Elevance Health is one of the largest US health insurers, providing employer-sponsored, individual, Medicare, and Medicaid plans across all 50 states through brands like Anthem Blue Cross Blue Shield. It is a broad incumbent peer that Angle Health is disrupting in the SMB employer segment, with overlapping distribution via brokers and a similar level-funded/self-funded product set.
- UnitedHealth Group (UnitedHealthcare): UnitedHealth Group is the largest US health insurer, offering employer-sponsored group health plans nationwide through UnitedHealthcare, plus stop-loss, TPA, and care navigation services through Optum. It is a broad incumbent peer against which Angle Health competes in the SMB and mid-market employer benefits category, and the dominant scale player Angle is seeking to disrupt.
Emerging players
- Healthcare.com: Healthcare.com is a digital insurance marketplace and broker platform helping individuals and small businesses compare and enroll in health plans. It is an emerging-player peer to Angle Health in the modern SMB health insurance category, with overlapping broker/employer tools but a marketplace rather than a balance-sheet carrier model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Angle Health social profiles
Digital presenceAngle Health compliance and trust
Trust signalCompliance7 records
Angle Health financial estimates
Financial estimateRevenue estimate
Valuation estimate
Angle Health leadership team
Management profileNumber of profiles
Profiles9 records
Angle Health subsidiaries and ownership
Company hierarchySubsidiaries2 records
Angle Health funding detail
Funding detailFunding overview
Funding rounds18 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Angle Health M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Angle Health
What does Angle Health do?
Angle Health is an AI-enabled, full-stack health insurance carrier that sells level-funded and fully-insured employer-sponsored group health plans to small and mid-sized businesses, combining carrier, third-party administrator (TPA), and managing general underwriter (MGU) roles onto a single data platform. Its offering pairs modern health plan designs with a self-service broker quoting tool that produces firm quotes in minutes, a member mobile app with integrated care team and telehealth, employer and broker administration portals, 100+ payroll/HRIS integrations, and customizable plan designs with multiple network and PBM options across 44 U.S. states.
Is Angle Health a public or private company?
Angle Health is a private company. It is classified as venture growth investor backed and is currently operating.
When was Angle Health founded?
Angle Health was founded in 2021. It employs 101 to 250 people.
Where is Angle Health based?
Angle Health is headquartered in San Francisco, United States, in the North America region.
How does Angle Health make money?
Four revenue lines are on record. Fully-Insured Health Plan Premiums are the primary driver. The others are level-Funded / Self-Funded Plan Revenue, stop-Loss / Reinsurance Premiums and third-Party Administrator (TPA) & MGU Services.
Who are Angle Health's main competitors?
Direct peers on record are Collective Health, Oscar Health, Sana Benefits, Decent and Hometown Health Plans. Broad incumbents are Lemonade, Clover Health, Elevance Health (Anthem) and UnitedHealth Group (UnitedHealthcare). Healthcare.com is listed as an emerging player.
Does Angle Health have an API?
Yes. Angle Health operates an API Platform for Quoting used by brokers to generate firm level-funded health plan quotes in minutes using a member-level census. The platform also exposes APIs for handling eligibility data and integrating with employer/broker systems. Underlying capabilities include automated underwriting APIs that analyze complex datasets for risk patterns, pricing, and risk selection. Sources reference application programming interfaces (APIs) capable of handling extensive healthcare data including claims experience, social determinants of health, electronic health records, price transparency, and outcome tracking. Developer documentation is at www.anglehealth.com/api-platform-quoting.
What industry is Angle Health in?
Angle Health's product category is Employer-Sponsored Health Insurance. Its primary akta.pro industry code is FSAIAFAC, Level-Funded Group Health Plans, with a secondary code of HLAEAAAH, Employer Wellness & Population Health Programs. Its NAICS code is 524210 and its SIC code is 6324.