Oscar Raises $145M in Series B

What does Oscar do?

Oscar, is a health insurance startup which uses technology, data and design for humanizing health care. This new kind of health insurance is revolutionizing the health insurance industry. the Oscar team consists of tech and healthcare dreamers, who were frustrated by horrible consumer experience of the US healthcare system and decided to do something huge about it, and thus found Oscar. Oscar is backed by renowned investors and advisors. It is a better kind of a health insurance.

How much Oscar was funded?

Oscar raised $145M in Series B funding on Peter Thiel, Li Ka-shing, Brian Singerman, Goldman Sachs and Wellington Management.

Previous funding

• $40M in Series A round on July 19, 2013 from BoxGroup, Khosla Ventures, Thrive Capital, Founders Fund, Red Swan Ventures and General Catalyst Partners
• $30M in  Series A on January 7, 2014 from Founders Fund, Khosla Ventures, General Catalyst Partners and Thrive Capital
• $80M in Series A on May 14, 2014 Thrive Capital, General Catalyst Partners, Khosla Ventures, Stanley Druckenmiller, Founders Fund and Jim Breyer

What is next for Oscar?

The latest fund came at a time when the startup was planning to expand out of its home market in New York. It is planning to expand to the California market pending its regulatory approvals.

More about Oscar

Oscar was founded in July 2013 by Mario Schlosser, Joshua Kushner and Kevin Nazemi. It has its headquarters in New York, NY. This New York based health insurance company has already 40,000 members because of its member friendly plans and tech driven approach. Launched in 2013 Osca has took on one of US’s hairy markets;  health insurance, and has changed it with technology and a friendly UI. For now its markets exits only in New Jersey and New York. It has set high standards for other insurance companies.