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Ansel Raises $20M to Bring Simpler, Supplemental Insurance to Americans Nationwide

Jan 23, 2024•over 1 year ago

Amount Raised

$20 Million

New YorkInsurance

Investors

Morgan Creek Capital ManagementOperator PartnersSymphony AiDigitalis VenturesPlug And Play VenturesSix Thirty VenturesBrewer Lane VenturesTwo Sigma VenturesPortage

Description

Ansel, an insurtech, announced that it has raised a $20M round of funding led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others. The new infusion of capital, which brings Ansel’s total raised to over $50M, will enable the company to continue to grow the availability of its modern supplemental insurance solution to employees nationwide.

Company Information

Company

Ansel Health

Location

New York, United States

About

Even with great health insurance, health issues can be expensive. At Ansel, we're on a mission to build a world where health hardships don't create financial burdens. We've reinvented supplemental health insurance with a redesigned plan that truly enhances your health benefits strategy. We're partnering with brokers and employers to put cash in employees' hands if they're diagnosed with any of 13,000+ covered conditions. They can use it to pay medical bills or for anything else they need on the road to recovery. Plus, we use game-changing technology to approve claims quickly and issue payments in hours not weeks!

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
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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