Oscar Health

Oscar Health

An insurance technology company utilizing technology, design and data to humanize health care. and offer health insurance.

Oscar Health is an insurance technology company utilizing technology, design and data to humanize health care. and offer health insurance that is headquartered in New York City, New York and was founded in 2012 by Joshua Kushner and Mario Schlosser.

Funding
Series A

On July 19, 2013 Oscar Health completed their series A funding round with $40 million in funding from Thrive Capital (lead investor), Red Swan Ventures, Khosla Ventures, General Catalyst, Founders Fund, and BoxGroup.

On January 7, 2014 Oscar Health expanded their series A funding with $30 million in funding, bringing their series A funding total to $70 million, from Founders Fund (lead investor), Thrive Capital, Khosla Ventures, and General Catalyst.

Series B

On May 14, 2014 Oscar Health completed their series B funding round with $80 million in funding from Formation 8 (lead investor), Velos Partners, Thrive Capital, Khosla Ventures, General Catalyst, Founders Fund, Breyer Capital, and Stanley Druckenmiller.

Series C

On April 20, 2015 Oscar Health completed their series C funding round with $145 million in funding from Founders Fund (lead investor), Wellington Management, Horizons Ventures, Goldman Sachs, and Breyer Capital.

Venture round 1

On September 15, 2015 Oscar Health completed a venture round with $32.5 million in funding from CapitalG.

Private Equity round

On February 22, 2016 Oscar Health completed a private equity round with $400 million in funding from Fidelity (lead investor), Thrive Capital, Ping An Ventures, Lakestar, Khosla Ventures, General Catalyst, Founders Fund, and CapitalG.

Venture round 2

On March 27, 2018 Oscar Health completed another venture funding round with $165 million in funding from Founders Fund (lead investor), Verily, Thrive Capital, Khosla Ventures, General Catalyst, Fidelity, CapitalG, and 8VC.

Corporate round

On August 14, 2018 Oscar Health completed a corporate funding round with $375 million in funding from Alphabet.

Timeline

November 1, 2012
Oscar Health was founded by Kevin Nazemi and Mario Schlosser.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Oscar Health funding round, March 2018
165,000,000
March 27, 2018
2 Results
Results per page:
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People

Name
Role
LinkedIn

Aakash Gandhi

Employee

Alana Levy

Employee

Allison Stoloff

Employee

Andrew Prafder

Employee

Andrew Shults

Employee

Ben Schumer

Employee

Billy Leyhe

Employee

Blake Ricciardi

Employee

Bobby Guelich

Employee

Chris Hollod

Investor

Cindy Luk

Employee

Cindy N Gordon

Employee

Courtney Caccavo

Employee

Dan Coyle

Employee

Dave Anders-Richards

Employee

Dave Gilboa

Investor

Ellen Patton

Employee

Emily Wright Pyeatt

Employee

Erin Slack

Employee

Fergal Ellis

Employee

Fredrik Nylander

Employee

Gina Nicoletti

Employee

Jack DeFuria

Employee

Jacqueline Loeb

Employee

Jan Fiegel

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Fixing Healthcare

April 14, 2015

Oscar: Modern Technology For Modern Care

November 19, 2015

The Future of Affordable Healthcare

February 9, 2015

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
April 8, 2021
WebWire
Cigna, a leading global health service company, and Oscar Health, Inc. ("Oscar") (NYSE: OSCR), the first health insurance company built on a full stack technology platform, today announced that Cigna + Oscar 1 small business health insurance will be available in the Bay Area, Central Coast, Greater Sacramento, Inland Empire, Los Angeles, Orange County, North Bay, and San Diego regions. "Small businesses are the heart of the economy, and of their local communities. Now more than ever, th...
Paige Minemyer
April 8, 2021
FierceHealthcare
Cigna and Oscar Health are expanding access to their cobranded health plan to more regions in California.
Lydia Ramsey Pflanzer
March 5, 2021
Business Insider
These are Insider's biggest healthcare stories for the week ending March 5.
Daniel Geiger
March 5, 2021
Business Insider
Its founders hold that Compass is a tech startup. Meanwhile, experts worry its finances invite comparisons to another Softbank-funded company: WeWork.
Shelby Livingston
March 4, 2021
Business Insider
Alignment Healthcare is going public amid a wave of digital-health IPOs. Its filing gave us a look at its financials and its business model.
Lydia Ramsey Pflanzer
March 4, 2021
Business Insider
These are Insider's biggest healthcare stories for March 4.
Christine Hall
March 3, 2021
Crunchbase News
While shares opened at $39, they slid throughout the day to close at $34.80, down 12 percent.
Paige Minemyer
March 3, 2021
FierceHealthcare
Oscar Health raised $1.4 billion in its stock listing, pricing 37 million shares at $39 each.
Matthew Fox
March 3, 2021
markets.businessinsider.com
Oscar priced its IPO at $39 per share, selling more than 37 million shares $1 higher than its previously targeted offering range of $36-$38.
Matthew Fox
March 3, 2021
Business Insider
Oscar priced its IPO at $39 per share, selling more than 37 million shares $1 higher than its previously targeted offering range of $36-$38.
Alex Wilhelm
March 3, 2021
TechCrunch
Late last night Oscar Health, a tech-enabled medical insurance provider, priced its IPO at $39 per share. The final price came in $1 per share above its raised IPO guidance; Oscar Health had originally targeted a $32-$34 per-share IPO price. Some 37,041,026 shares were sold at $39, including 36,391,946 offered by the company itself. Not [...]
Lydia Ramsey Pflanzer
March 3, 2021
Business Insider
These are Insider's biggest healthcare stories for March 3.
Michael Goodman
March 2, 2021
Business Insider
Oscar Health is headed to the public markets on Wednesday, boosting the wealth of its major investors, including venture capitalist Joshua Kushner.
Crunchbase News
March 2, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Alex Wilhelm
March 2, 2021
TechCrunch
These companies will soon convert tens of billions of dollars of illiquid private shares into public currency. As such, their offerings may reveal investors' sentiments regarding e-commerce and insurance companies backed by venture capital.
Lydia Ramsey Pflanzer
March 2, 2021
Business Insider
These are Insider's biggest healthcare stories for March 2.
Shelby Livingston
March 1, 2021
Business Insider
Oscar has been bleeding money since its start. Investing in Medicare Advantage and selling its tech may be its best bet at reaching profitability.
Walter Thompson
February 26, 2021
TechCrunch
When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said [...]
Blake Dodge
February 24, 2021
Business Insider
Startups looking at new ways to pay for and provide care like Cityblock Health and VillageMD collectively raised $3.6 billion in 2020.
Alex Wilhelm
February 23, 2021
TechCrunch
Amidst all the hype that Lemonade (IPO), Root (IPO), Metromile (SPAC-led debut) and other insurtech players have generated in the last year, it's been easy to forget about Oscar Health. But now that the company founded in 2012 is approaching the public markets, one of the early tech-themed insurance companies is catching up on the [...]
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References

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