Angle Health, an AI-native healthcare benefits platform, has raised $600 million at a $2.7 billion valuation. The round comprises a $200 million Series C and a $400 million tender offer, led by Vitruvian Partners with participation from Town Hall Ventures, Blumberg Capital, Portage Ventures, PruVen Capital, and Y Combinator. The San Francisco-based company serves over 5,000 employers across 47 states, enabling small businesses to offer customised healthcare benefits. Angle Health reported 120% year-over-year growth and nearly $1 billion in annualised premium-equivalents, with four consecutive quarters of profitability. The platform addresses rising healthcare costs for small and midsize businesses through AI-driven technology and personalised care access. Angle Health's median renewal rate increases of 5-7% compare favourably to the 18% market median for small and midsize businesses.

Portage, a global fintech investment platform, has closed its Ventures Fund IV at approximately $600 million. The firm now manages $7 billion in assets across more than 140 portfolio companies in North America, Europe, and beyond. The fundraise attracted new strategic limited partners, including Broadridge and Fifth Third Bank. This milestone marks Portage's tenth year investing in financial technology and services. The firm has expanded from its flagship Venture strategy into a global platform spanning Venture, Growth Equity, and Secondaries. Portage operates as Sagard's fintech investment platform, backing founders across wealth and asset management, banking, insurance, and payments. The firm invests across all stages and provides portfolio companies with support in go-to-market strategy, technology, business acceleration, and partnerships. Legal counsel was provided by Debevoise & Plimpton.

Sydney-based investing platform Pearler has closed a $16 million Series A funding round after a year-long effort. The eight-year-old company attracted backing from Eucalyptus co-founder Charlie Gearside and FIG veteran Chris Cuffe's Partners Horizon Fund. The investment comes as Pearler, led by co-founder and CEO Nick Nicolaides, continues to develop its platform. The funding round marks a significant milestone for the business as it seeks to expand its operations in the Australian market.