Ex-Palantir engineers raise $600m to take on US health insurers

US health insurer Angle Health, founded by former Palantir employees, raised $600M at a $2.7B valuation. London-based Vitruvian Partners led the round: $200M Series C and $400M share buyback from early investors. The company serves over 5,000 employers in 47 states.

• $200M new Series C capital, $400M tender offer for early investors
• Service covers 5,000+ small employers in 47 US states
• Revenue growth 120% year over year, four consecutive profitable quarters
• Average rate increase for clients is 5–7% versus 18% market-wide