Oscar provides technology-driven health insurance plans for individuals, families, and employers.
Its platform integrates telemedicine, digital care navigation, claims automation, and personalized member engagement tools. By combining data, design, and healthcare expertise, Oscar aims to simplify access to care, reduce complexity, and improve health outcomes through a digital-first insurance experience.
What Is Oscar and What Does It Do?
Oscar, founded in 2012 by Kevin Nazemi and Mario Schlosser, is a New York City–based internet-first health insurance platform offering consumer-focused insurance products and broker technology.
Oscar employs 2,400 people. The company delivers individual, family, and employer insurance plans alongside telehealth, care navigation, provider integrations, and digital-first member tools. Its platform modernizes insurance workflows through automation and data-driven experiences.
How Much Funding Has Oscar Raised?
1. Series D
• Amount Raised: $140M
• Date: December 17, 2020
• Lead Investors: Tiger Global, Lakestar, Dragoneer, Baillie Gifford, Coatue, and others
• Motivation: Product expansion, scalability, and market growth.
2. Series D
• Amount Raised: $225M
• Date: June 26, 2020
• Lead Investors: Coatue, Baillie Gifford, General Catalyst, Khosla Ventures, and others
• Motivation: Strategic reserves, operational scaling, and technology investment.
3. Major Financing
• Amount Raised: $375M
• Date: August 14, 2018
• Lead Investors: Alphabet and others
• Motivation: Growth, product development, and national expansion.
Total Funding Raised: $1.63 Billion
Latest Funding Date: December 17, 2020
Key Investors
1. Founders Fund
• Details: Venture firm backing ambitious and transformative technology companies.
• Investment Focus Areas: Consumer internet, healthcare technology.
2. Fidelity Investments
• Details: Major institutional investor participating in significant late-stage financings.
• Investment Focus Areas: Growth tech, financial services, public/private markets.
• Notable Investments: Oscar.
3. Khosla Ventures
• Details: Early and growth-stage venture capital firm active in healthcare and tech innovation.
• Investment Focus Areas: Health tech, deep tech, AI-driven platforms.
• Notable Investments: Oscar.
Where Is Oscar’s Headquarters?
Oscar is headquartered in New York City, United States situated within a major healthcare innovation hub and close to provider networks, regulators, and technology talent.
What’s Next for Oscar?
Oscar is expected to expand employer and individual plan offerings, deepen provider integrations, strengthen telehealth and digital care coordination, and enhance claims automation. The company aims to improve member experiences through AI-driven personalization and expand national coverage with a data-first approach to insurance delivery.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Oscar. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
