Y Combinator insurance tech alum Angle Health hits $2.7B valuation

Angle Health raised $200 million in a Series C led by Vitruvian Partners, with participation from Town Hall Ventures, Blumberg Capital, Portage Ventures, PruVen Capital, and Y Combinator, and a $400 million tender offer that lets employees cash out shares. The $2.7 billion valuation positions the winter 2020 YC alum as a profitable AI-powered platform serving over 5,000 small-business clients that use its level-funded health plans to balance predictable payments with protection against high costs.