Oscar, a NYC-based health insurance startup, raised $375m in strategic funding.
Alphabet made the investment. In conjunction with the deal, Salar Kamangar is joining Oscar’s board.
The company intends to use the funds to bring Oscar to more cities.
Co-founded by Joshua Kushner and led by CEO Mario Schlosser, Oscar is a health insurance company that provides plans including access to in-network doctors, a personalized Concierge Team, and free, 24/7 telemedicine.
Employers with up to 100 employees can enroll for plans directly through an accredited broker or on the company’s website.
The company recently announced that it has filed to offer its consumer-focused, technology-driven health insurance in nine states and 14 markets in 2019, nearly doubling its current footprint. Its six new markets will be spread across three new states — Florida, Arizona, and Michigan — and three additional large metro areas in Ohio, Tennessee, and Texas, subject to regulatory approval.