News Report | April 29, 2018
Oscar Health Raises $165 Million In Investments
On March 27, 2018, Oscar Health, a health insurance company that launched in 2012, announced it raised $165 million in investor funding. The new funding will be used to enhance the Oscar Health technology platform. The investments were secured from Verily and Capital G—both subsidiaries of Alphabet, Google’s parent company. Also participating in the funding round were investors such as Fidelity and Thrive Capital.
Oscar Health plans are sold in six states: California, New Jersey, New York, Ohio, Tennessee, and Texas. The company has 260,000 covered lives. Oscar Health uses a custom-designed, full-stack insurance platform . . .