May 11, 2021
Waterdrop, a Chinese insurance technology firm, started trading at the New York Stock Exchange last week under the ticker WDH. In its initial public offering, the Tencent-backed firm raised $360 million, pricing shares at $12 apiece.
WHY IT MATTERS
Waterdrop was launched in 2016 through software developer Zongqing Xiangqian. It currently runs an insurance marketplace and a medical crowdfunding...
April 21, 2021
Insurtech company Oscar Health is launching a new business, called +Oscar, to give providers and third-party payors access to its tech-enabled insurance platform.
Oscar got its start in 2012 selling individual-only insurance plans. Since then, it has grown to support individual, small group and Medicare Advantage plans across 18 U.S. states. It also offers virtual care options and a search tool...
February 22, 2021
Circulo Health, a Columbus, Ohio-based insurtech startup targeting the Medicaid population, has announced itself with the backing of $50 million from Drive Capital, General Catalyst, Oack HC/FT and SVB Capital.
WHAT IT DOES
Circulo is still very much in its early days. Its public presence so far is a sparse homepage that connects to a LinkedIn page and an email address for interested job seekers...
February 8, 2021
Late Friday, New York City-based health insurance company Oscar Health unveiled plans to kick off an initial public offering.
The tech-enabled company will list on the New York Stock Exchange under the symbol OSCR. Oscar temporarily listed the size of the offering as $100 million, although that value could change as the company hammers out the quantity of shares and price range it will be...
January 26, 2021
Price transparency and direct-payment insurance startup Sidecar Health has announced a $125 million Series C round led by Drive Capital. New investors BOND, Tiger Global and Menlo Ventures, as well as prior backers Cathay Innovations and GreatPoint Ventures, also participated.
This raise is a substantial jump in size from its $20 million round back in July or its $18 million raise from 2019. With...
December 30, 2020
Through all of this year’s tumultuous ups and downs, one trend that has remained unstoppable – and has even accelerated – is the healthcare sector’s adoption of technology.
For years, MobiHealthNews has covered the payer space as it continually pushes further into the world of digital health, and 2020 proved no different. From traditional insurers embracing technology to massive expansions of...
December 22, 2020
Insurtech company Oscar has confidentially filed to go public, it announced Monday.
The New York City-based startup submitted a draft registration statement for its proposed initial public offering to the U.S. Securities and Exchange Commission, but the size and price range for the IPO has yet to be determined.
Oscar must now wait for the completion of the SEC review process before its IPO can be...
December 17, 2020
Oscar, a New York City-based health insurance technology company, has raised $140 million in a funding round announced just half a year after its last $225 million raise. The new investment was headed by Tiger Global Management, and also saw funds from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent.
WHAT IT DOES
Oscar describes itself as the "first-ever...
September 22, 2020
Insurtech company Bright Health announced today another bout of funding, this time racking up $500 million for its Series E round.
The funding round included new investors Tiger Global Management, T. Rowe Price Associates and Blackstone, as well as existing investors including NEA, Bessemer Venture Partners and Greenspring Associates.
WHAT IT DOES?
Bright Health got its start as a consumer-...
July 23, 2020
Sidecar Health, an insurance startup focused on price transparency and direct payments for care, has raised $20 million in a new round of funding announced this morning. Cathay Innovation headed the raise, with new investors Comcast Ventures, Kauffman Fellows and 23andMe CEO Anne Wojcicki joining in. Prior backers GreatPoint Ventures and Morpheus Ventures participated as well.
With this morning's...