Oscar raised $225m in a funding round.

Oscar, a technology-focused health insurance company, raised $225m in a funding round. Existing investors, including Alphabet, General Catalyst, Khosla Ventures, Lakestar and Thrive Capital, participated in the round, along with new investors Baillie Gifford and Coatue. “Transforming the health insurance experience requires the creation of personalized, affordable experiences at scale. At Oscar, we combine our full-stack technology platform and data-driven approach to deliver seamless care that meets members where they are. We have created an experience that feels like you have a doctor in the family. This funding enables us to further accelerate the development of our unique model while creating efficiencies and cost-savings,” Mario Schlosser, Oscar Co-Founder.