Insurtech Oscar secures $375m from Google parent Alphabet
New York-based Oscar Health, a technology-focused health insurance company, has secured $375 million from Google’s parent company Alphabet.
Earlier this year, Oscar raised $165 million in a funding round led by venture capital firm Founders Fund. That round included investments from Alphabet's venture capital fund Capital G and its health sciences company Verily.
Alphabet will now own roughly 10 percent of Oscar, the health insurance startup that was co-founded in 2012 by Mario Schlosser and Joshua Kushner.
Oscar also announced that Salar Kamangar, the former CEO of YouTube, will be joining its board.
Oscar has expanded into new geographies last year and is planning to enter the Medicare Advantage business in 2020.
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