Health insurance startup Oscar announced Monday that it has raised $145 million in funding, which values the New York startup at $1.5 billion, according to reports. The startup provides health insurance to individuals in New York and New Jersey. Peter Thiel and Brian Singerman from Founders Fund led the round and other participants were Li Ka-shing of Horizon Ventures, the Wellington Management Company and Goldman Sachs, as well as all previous investors from other rounds. The company has raised $320 million in total funding and says it plans to use the new funding to expand across the country and hire more employees.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below