Alphabet invests $375 million in Oscar Health [TechCrunch Blog]
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Source: TechCrunch Blog
Google parent Alphabet has invested $375 million in next-gen health insurance company, Oscar Health. Google has been a longtime supporter of the six-year-old New York company, having previously invested in Oscar through its Capital G investment wing and Verily health and life sciences research wing. “ Alphabet has invested in Oscar over many years and has seen the company and its team up close. We’re thrilled to invest further to help Oscar in its next phase of growth.” an Alphabet spokesperson told TechCrunch. That $165 million round raised back in March valued the health startup at around $3 billion. The new round maintains a similar valuation, while giving Alphabet a 10 percent share in Oscar. The deal also finds longtime Google employee and former CEO Salar Kamangar joining Oscar’s board. Oscar co-founder and CEO Mario Schlosser announced the news in an interview with Wired , telling the site, “We can hire more engineers, we can hire more da
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