June 26, 2020
Health insurtech company Oscar Health scored a whopping $225 million in Series C funding from Google’s parent company Alphabet, General Catalyst, Khosla Ventures, Lakestar, Thrive Capital and Baillie Gifford.
This comes roughly two years after the company announced a $165 million funding round led by Brian Singerman and Founders Fund.
WHAT THEY DO
The company offers direct-to-consumer health...
June 15, 2016
Oscar Health’s step-tracking program isn’t just about improving member’s health, Holly Bui, Oscar's General Manager for California, said in a presentation at the MobiHealthNews 2016 event in San Francisco this week. It also improves members’ engagement with other offerings and helps keep a larger number of healthy people on the platform.
“What we found is that step tracking is a little bit...
March 3, 2016
So far this year, the digital health funding that MobiHealthNews tracked has surpassed $600 million. In January, digital health companies raised $471 million across 21 deals. This month, funding reached $197 million across 13 deals, although one of those deals was for an undisclosed amount.
More than half of February's funding came from one big deal: MindMaze raised $100 million. An honorary...
February 23, 2016
Late last month we wrote, based on a report from Fortune, that tech saavy up-and-coming health insurer Oscar was raising at least $150 million in a round led by Fidelity. That round is now confirmed, according to Forbes, and it's for more than initially reported: a total of $400 million. The deal reportedly values Oscar at $2.7 billion, just a bit shy of the $3 billion valuation Fortune predicted...
February 4, 2016
Teladoc, a video visits company, has hired Stephany Verstraete as its chief marketing officer. Before working at Teladoc, Verstraete worked in marketing for Truveris, as their CMO. She's held past marketing positions at Kraft, Frito Lay, Hostess, Match.com, and Expedia. Teladoc CEO Jason Gorevic said in a statement that Teladoc most valued Verstraete’s experience building brands and working in...
January 20, 2016
Oscar is raising another round of at least $150 million that could raise its valuation to $3 billion, according to a report over at Fortune. Fidelity is the lead investor, Fortune is reporting.
A digital-saavy upstart health insurer, Oscar has already raised $365 million, including a $32.5 million investment from Google Capital last fall and a $145 million round last spring from Peter Thiel and...
September 16, 2015
An Oscar-branded Misfit Flash device.
Oscar, a small New York City-based health insurer noted for its individual focus and digital health savvy, has secured a $32.5 million investment from Google Capital, one of the search giant's two investment arms. The investment may well be strategic, according to the Wall Street Journal, which broke the story.
Last April, Oscar raised $145 million in a...
April 20, 2015
An Oscar-branded Misfit Flash device.
New York City-based health insurance startup Oscar raised $145 million in a round led by Peter Thiel and Brian Singerman from Founders Fund. Other contributors to the round include new investors Li Ka-shing of Horizons Ventures, the Wellington Management Company and Goldman Sachs, in addition to all existing investors, a group that includes Box Group, ...
February 20, 2015
An October report from the Psilos Group suggested that payors now need to figure out how to better serve individuals, not just as end users but as customers. In the last six months, we've seen payors doing just that, with almost every major payor upgrading its apps to bring added features to their members and other consumers, or potential members. A number of payors partnered with Samsung to...
December 9, 2014
New York-based health insurer startup Oscar Health is teaming up with Misfit Wearables to get more of its 16,000 members moving. As part of the deal, each Oscar member will get a free Misfit Flash tracker and the opportunity to earn up to $20 a month in Amazon.com credit by meeting step goals.
The partnership means Misfit gets exposure for its newest wearable on a few thousand New York wrists,...