New York - based start - up Oscar Health has raised $ 165 m in a funding round led by Brian ventures and Founders Fund . Oscar Health , which provides a range of online health insurance coverage , has signed up almost 700 companies across six US states so far in 2018 , and has projected gross annual revenue sales of $ 1bn . The company , estimated to be worth $ 3.2bn , will use the funding to expand into four or five cities annually .
New York-based start-up Oscar Health has raised $165m in a funding round led by Brian Singerman and Founders Fund. Oscar Health, which provides a range of online health insurance coverage, has signed up almost 250,000 people across six US states so far in 2018, and has projected gross premium revenue sales of $1bn. The company, estimated to be worth $3.2bn, will use the funding to expand into four or five cities annually.