Participated · Series A · Apr 2021

Ansel provides a modern supplemental health insurance product that issues cash payouts upon diagnosis for more than 13,000 conditions, with no accident or hospitalization requirements. The company emphasizes a simplified, paperless enrollment and claims experience and has implemented claims automation that leverages medical claims data so members can receive benefits without filing claims. Ansel partners with established insurance carriers and benefits brokerages to distribute its plans and reported a net promoter score of 90 in 2023. The product is available in partnership with carriers across 39 states and the company is working toward nationwide availability. Founded in 2019, Ansel rebranded and adopted its current name and visual identity entering 2024. The company has raised over $50M to date and is using the new capital to expand availability of its supplemental insurance solution nationwide. Brella Insurance offers a tech-enabled supplemental health insurance plan that pays cash on diagnosis for more than 13,000 conditions. The product is designed for distribution through employers, brokers, and strategic partners and emphasizes simple implementation and administration. Brella positions its plan as broader than traditional supplemental products, which the company says are too narrow and have outdated claims and administration processes. The company is actively engaging brokers and employers in Texas and planned launches in additional states in Q2 2021 to support nationwide expansion. Brella says the financing will fund its national expansion and alliances with leading benefits brokerage firms and strategic partners. Since inception the company has raised over $22M in total funding. Brella Insurance provides a supplemental health insurance plan designed for Texas-based employers and their teams. The plan pays cash upon diagnosis of any of more than 13,000 covered conditions, including many complications associated with COVID-19, to complement traditional health insurance. Founded in 2019 by Veer Gidwaney (formerly CEO and co‑founder of Maxwell Health) and previously known as Clara Insurance, the company is focused on employer benefits. Brella has partnered with RGAx and Greenhouse Life Insurance Company, subsidiaries of Reinsurance Group of America, to bring its solution to the employee benefits market. Financially, the company has raised over $7M in total funding after an additional $1.5M round. Brella is actively engaging brokers and employers in Texas to grow adoption.