Y Combinator Alum Angle Health Reaches $2.7 Billion Valuation
The insurance technology startup, which helps small businesses secure "level-funded" health coverage, has grown to 5,000 customers and turned profitable, according to TechCrunch.
Angle Health, a startup that emerged from the Y Combinator accelerator program, has reached a valuation of $2.7 billion, according to a report by TechCrunch.
The company, which specializes in helping small businesses obtain "level-funded" health insurance, has expanded its customer base to 5,000 clients, TechCrunch reported.
According to the report, Angle Health has also become profitable as it has scaled its operations within the insurance technology sector.
Level-funded health insurance plans, which the startup helps small businesses access, are an alternative to fully insured plans that combine elements of self-funded insurance with stop-loss protection, allowing employers potentially lower costs based on their claims experience.
TechCrunch's report did not provide additional details on the funding round or investors involved in reaching the new valuation.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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