Supplemental health insurtech Ansel raises $20 million

Jan 23, 2024•almost 2 years ago

Amount Raised

$20 Million

New YorkInsurtechInsurance

Investors

Morgan Creek Capital ManagementBrewer Lane VenturesTwo Sigma VenturesPortage

Description

Ansel has raised $20 million in a funding round led by VC group Portage, bringing its total funding to more than $50 million. The company plans to use the investment to scale its insurance offerings to employees across the country, including the 11 states Ansel is not yet available.

Company Information

Company

Ansel Health

Location

New York, New York, United States

About

Ansel Health Inc. (“Ansel”) is an insurance technology company founded in 2019 with a mission to create a world where health hardships don’t lead to financial hardships. Ansel offers an innovative supplemental health insurance plan that covers over 13,000 conditions and provides cash benefits upon diagnosis, without requiring an accident or hospitalization. The company partners with leading insurance carriers that collectively insure tens of millions of Americans and their families.

Related People

1 contact

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends