Menu

Reinsurance News

Health insurtech Oscar closes $225m funding round

29th June 2020 - Author: Charlie Wood

Direct-to-consumer health insurer Oscar has announced the closing of a $225 million funding round.

Oscar Health LogoOscar notes how this latest funding will help ensure continued growth off its $2 billion revenue base and puts the company on a path to advance its mission of making health care simple.

“Transforming the health insurance experience requires the creation of personalized, affordable experiences at scale,” said Mario Schlosser, Co-Founder and CEO of Oscar.

“At Oscar, we combine our full-stack technology platform and data-driven approach to deliver seamless care that meets members where they are.

“We have created an experience that feels like you have a doctor in the family. This funding enables us to further accelerate the development of our unique model while creating efficiencies and cost-savings.”

The latest fundraising round saw participation from many existing investors, including Alphabet, General Catalyst, Khosla Ventures, Lakestar and Thrive Capital, among others.

New investors Baillie Gifford and Coatue also joined the round.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Cohen & Co’s Insurance Acquisition Corp. to combine with Shift Technologies

Insurance Acquisition Corp., a subsidiary of Cohen & Company Inc., has entered into a definitive merger agreement with automotive e-commerce...

Close