Oscar Health

insurtechhealthtech

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 11/08/2020

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About

Oscar is a FinTech unicorn ($1.5 billion valuation) in the insurance space with notable investors like Google Ventures, Google Capital, Goldman Sachs, Khosla Ventures and others. Oscar aims to revolutionize insurance through data, technology and design.

Focus

PRODUCTS & SERVICES

Health Insurance platform

MAIN CLIENTS

Retail health insurance Consumers and health providers

EXISTING PARTNERSHIPS

Partnership with Qualcore

Misfit

PRIMARY PROBLEM SOLVED

Helps its users in managing care, processing medical claims, controlling healthcare costs, and also provide transparency.

COMMENT

The company has built tools for solving the problem of tackling outdated, incomplete or incorrect data gathered from its partners (doctors and hospitals)

Traction

VALUATION / MARKET CAP:

$3.2 B in 2018

People

FOUNDERS

Joshua Kushner

Kevin Nazemi

BOARD MEMBERS AND ADVISORS

Joe Lonsdale

Joel Cutler

Naveen Selvadurai

Jonathan Sills

NUMBER OF EMPLOYEES

1000+

INVESTORS:

8VC

Alphabet

BoxGroup

Brainchild

Breyer Capital

Brian Singerman

CapitalG

Coatue Management

Darwin Ventures

Fidelity Investments

Formation 8

Founders Fund

General Catalyst

General Catalyst Partners

Glynn Capital

Goldman Sachs

Jim Breyer

Khosla Ventures

Lakestar

Lerer Hippeau Ventures

Nima Capital

Peter Thiel

Ping An Ventures

Red Swan Ventures

The Cambria Group

Thrive Capital

Verily

Wellington Management

Western Technology Investment

KEY EMPLOYEES:

Brian West (Chief Financial Officer)

Alan Warren (CTO

SVP Engineering)

Edward Segel (SVP of Business)

Isaac Councill (Engineering Director)

Michael Kopko (Business Development)

Dennis Weaver (Chief Clinical Officer)

Sara Wajnberg (Chief Product Officer)

Vinod Mitta (Vice President)

Corey Maher (Product Manager)

Bobby Guelich (Interim Head of Sales)

Thorsten Wirkes (Vice President)

Timothy Faust (Acquisition Data)

Mike Onorato (iOS Engineer)

Jia Jia Ye (VP

Service Experience)

Mike Miller (Engineer)

Stephen Kalmakis (Senior Software Engineer)

Michael Schenck (Engineer)

Mike Lee (Talent Acquisition)

Allee Clark (Site Reliability Engineer)

Andrew Shults (Engineering Director)

Helena Chestnut (IT Engineer)

Greg Dracoulis (Software Engineer)

Joshua Long (Director of Design)

Warren Kiser (Engineer)

Frank Guzzone (Product Designer)

Gabe Drapos (Interim Marketing Coordinator)

Maggie Bashford (Junior DBA)

Will Simmons (Senior Product Manager)

John Ong (Software Engineer)

Yang Mou (Software Engineer)

Wyatt Anderson (Software Engineer)

Mario Schlosser

Momentum

FUNDED

YES

TOTAL FUNDING

$1.26 B

DATE OF LAST FUNDING

Jun 2020

TOTAL FUNDING COMMENT

The company is planning to use the funds to expand beyond its individual healthcare exchanges and small employer market. (Aug. 2018)

FUNDING SERIES

SERIES A  · $30 M  · Jan 2014

SERIES B  · $80 M  · May 2014

SERIES C  · $145 M  · Apr 2015

OTHERS  · $1 B · Jun 2020

LISTED

NO

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