Ansel nails $20m funding round under Portage’s leadership.

TLDR:

– Ansel, previously known as Brella, has raised $20m in funding to expand its access to the simplified supplemental insurance market.

– The funding round was led by Portage, and attracted investors including Two Sigma Ventures, Brewer Lane Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, and Morgan Creek Capital Management.

– Ansel is focused on modernizing and simplifying supplemental insurance, and has identified a market demand for a streamlined claims experience.

– The company plans to use the funding to expand its modern supplemental insurance solutions across the United States.

Ansel secures $20m in funding round led by Portage

InsurTech Ansel, formerly known as Brella, has secured $20m in a funding round led by Portage. Among the prominent investors in the round were Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners and Morgan Creek Capital Management. The company aims to revolutionise the supplemental insurance market with a focus on simplicity and innovation. It uses cutting-edge technology to offer supplemental insurance for more than 13,000 conditions, ranging from concussions to cancer. The company offers a seamless and paperless approach to claims administration, enrolment and implementation, and has raised more than $50m to date. The funding will be used to expand the firm’s offering in the US.