GoKawiil
Tech News
A new national survey shows rising public interest in Medicare for All, a single-payer healthcare system, even as opinions remain divided along political lines. Despite the disagreement over solutions, respondents broadly agreed that healthcare costs in the United States have become unsustainable.
Angle Health, a Y Combinator alum from 2020 that helps small businesses manage level-funded health plans, announced a $200 million Series C round plus a $400 million tender offer allowing employees to sell shares. The round, valuing the company at $2.7 billion, was led by Vitruvian Partners with participation from Town Hall Ventures, Blumberg Capital, Portage Ventures, PruVen Capital, and Y Combinator, and is expected to close later this month. Angle says it now serves over 5,000 businesses and is profitable.
Thatch, a startup that lets employers give workers a fixed healthcare budget to shop individual insurance plans, raised $108 million at a $1 billion valuation. That figure is more than double its $410 million valuation from 17 months ago, driven by roughly sevenfold growth in annual recurring revenue. The company uses an employer-funded model, recently rebranded CHOICE, that lets employees pick from various health, dental and vision plans and keep unused funds for other medical costs.