Ansel Raises $20M in Funding


Ansel Health Inc., a NYC-based insurance technology company, raised $20M in funding.

The round was 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 others.

The company intends to intends to use the funds to continue to grow the availability of its modern supplemental insurance solution to employees nationwide.

Led by Founder and CEO Veer Gidwaney, Ansel Health is an insurance technology company providing a new type of supplemental health insurance plan, which covers 13,000+ conditions and pays cash benefits upon diagnosis of a covered condition with no accident or hospitalization requirements. Ansel is made available in partnership with several established insurance carriers in 39 states on its way to nationwide availability.