About Oscar
Oscar is a company based in New York (United States) founded in 2012 by Mario Schlosser. It operates as a Subscription Services. Oscar has raised $1.63 billion across 10 funding rounds from investors including Fidelity Investments, Verily and Goldman Sachs. The company has 2,400 employees as of December 31, 2024. Oscar offers products and services including Health Insurance Plans, Virtual Urgent Care, and Oscar Primary Care. Oscar operates in a competitive market with competitors including Devoted Health, Clover Health, Bright HealthCare, Friday Health Plans and Elevance Health, among others.
- Headquarter New York, United States
- Employees 2400 as on 31 Dec, 2024
- Founders Mario Schlosser
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oscar Health, Inc.
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Annual Revenue
$9.18 B56.54as on Dec 31, 2024
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Net Profit
$25.43 M109.39as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$1.63 B (USD)
in 10 rounds
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Latest Funding Round
$140 M (USD), Series D
Dec 17, 2020
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Investors
Fidelity Investments
& 23 more
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Employee Count
2400
as on Dec 31, 2024
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IPO & Listings of Oscar
Oscar is a publicly listed company on the NYSE with ticker symbol OSCR in USA, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Oscar
Oscar offers a comprehensive portfolio of products and services, including Health Insurance Plans, Virtual Urgent Care, and Oscar Primary Care. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Affordable health insurance plans are offered for individuals.
Virtual care services are provided 24/7 to members.
Primary care services are available in select states.
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Software Development Team
114 people
Leadership Team
61 people
Operations Team
40 people
Data Analysis and Operations Team
30 people
Human Resources and Administration
17 people
Finance and Accounting
17 people
Legal and Compliance
16 people
Senior Team
16 people
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Funding Insights of Oscar
Oscar has successfully raised a total of $1.63B across 10 strategic funding rounds. The most recent funding activity was a Series D round of $140 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $140.0M
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First Round
First Round
(18 Jul 2013)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series D - Oscar | Valuation | Tiger Global Management | |
| Jun, 2020 | Amount | Series D - Oscar | Valuation | Coatue , Baillie Gifford | |
| Aug, 2018 | Amount | Series D - Oscar | Valuation | Alphabet |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oscar
Oscar has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Verily and Goldman Sachs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Private equity investments are made in technology-enabled growth companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oscar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Oscar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oscar Comparisons
Competitors of Oscar
Oscar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Devoted Health, Clover Health, Bright HealthCare, Friday Health Plans and Elevance Health, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Healthcare insurance plans are provided for individuals and Medicare services.
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| domain | founded_year | HQ Location |
Medicare Advantage plans and related services are provided.
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| domain | founded_year | HQ Location |
Health insurance is offered online to individuals and businesses.
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| domain | founded_year | HQ Location |
Online health insurance plans are provided for individuals.
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| domain | founded_year | HQ Location |
Internet first health insurance provider offering healthcare plans
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oscar
Frequently Asked Questions about Oscar
When was Oscar founded?
Oscar was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Oscar located?
Oscar is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Oscar?
Mario Schlosser is the current CEO of Oscar. They have also founded this company.
Is Oscar a funded company?
Oscar is a funded company, having raised a total of $1.63B across 10 funding rounds to date. The company's 1st funding round was a Series D of $375M, raised on Jul 18, 2013.
How many employees does Oscar have?
As of Dec 31, 2024, the latest employee count at Oscar is 2,400.
What is the annual revenue of Oscar?
Annual revenue of Oscar is $9.18B as on Dec 31, 2024.
What does Oscar do?
Affordable health insurance plans are offered by Oscar to individuals, families, and businesses across multiple states in the United States. Virtual urgent care and primary care services are provided to ensure accessible healthcare. A dedicated Care Team is maintained to assist members with queries and to facilitate quality care. Solutions for employers through ICHRA are also included to offer flexible health benefits. AI is utilized to enhance the healthcare system and improve service delivery.
Who are the top competitors of Oscar?
Oscar's top competitors include Devoted Health, Clover Health and Friday Health Plans.
What products or services does Oscar offer?
Oscar offers Health Insurance Plans, Virtual Urgent Care, and Oscar Primary Care.
Is Oscar publicly traded?
Yes, Oscar is publicly traded on NYSE under the ticker symbol OSCR.
Who are Oscar's investors?
Oscar has 24 investors. Key investors include Fidelity Investments, Verily, Goldman Sachs, Khosla Ventures, and Alphabet.
What is Oscar's ticker symbol?
The ticker symbol of Oscar is OSCR on NYSE.
What is Oscar's valuation?
The valuation of Oscar is $3.2B as of Mar 2018.
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