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