The Alphabet and Ping An-backed health insurer has now raised almost $1.7bn in total, Tiger Global Management having led its latest round.

Oscar, the US-based digital insurance provider backed by insurance group Ping An and internet and technology conglomerate Alphabet, completed a $140m funding round yesterday led by hedge fund manager Tiger Global Management.

Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla Ventures, Lakestar and Reinvent also contributed to the round, which increased the company’s overall funding to $1.67bn.

Founded in 2012, Oscar has built a mobile-focused health insurance service with more than 420,000 members, offering telemedicine consultations 24 hours a day and…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn