Oscar Closes $140M Funding Round


Oscar, a NYC-based health insurance company built on a full stack technology platform, closed a $140m funding round.

The round was led by Tiger Global Management, LLC, with participation from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent.

Led by Mario Schlosser, Co-Founder and CEO, Oscar is a health insurance company built around a full stack technology platform. The company offers Individual & Family, Small Group and Medicare Advantage plans. Its members get access to 24/7 telemedicine visits at no additional cost, integrated direct scheduling with providers through an app, a network of physicians and hospitals, as well as a personalized Care Team that supports members every step of the way, from finding a doctor to navigating costs.

All products and services are provided by or through operating subsidiaries of Mulberry Health Inc., including Oscar Insurance Company and its affiliates. Heading into 2021, Oscar will be available in 18 states and 286 counties across its Individual and Family Plans, Medicare Advantage and Small group products. As of September 30, 2020, Oscar had approximately 420,000 members across 15 states.



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