Oscar Announces $225 Million In New Funding To Drive Growth & Expand Access To Affordable Health Care

Oscar, a direct-to-consumer health insurance company, announced that it has closed a $225 million funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission of making health care simple.

The latest fundraising round saw participation from many existing investors, including Alphabet, General Catalyst, Khosla Ventures, Lakestar and Thrive Capital, among others, with new investors Baillie Gifford and Coatue also joining the round. The new funding reaffirms investors' confidence in Oscar's business model and enthusiasm around its long-term strategy . . .