Oscar, the New York based health insurance startup, raised a $400m venture round, led by Fidelity. The round values the company at $2.7b. That’s up $1b from its $1.7b valuation in Sept 2015. Deep pocketed VCs including Google Capital, General Catalyst, Founders Fund, Lakestar, Khosla Ventures, and Thrive Capital also participated in the round.
Oscar Health Insurance just received a massive cash injection from one of the biggest and most conservative investors in the business.