Investing
The company upwardly revised its IPO twice since filing with the SEC last month.
During COVID-19 the company has added a vaccine finder feature and a telehealth scheduler.
Also: Base launches home wellness testing subscription with $3.4 million raise; Daybreak Health delivers online counseling to teens with $1.8 million seed round.
Founded in 2012, Oscar has grown to an approximate membership of 529,000, an annual revenue of $1.67 billion and a lifetime accumulated deficit of $1.43 billion.
The company is focusing on guiding members of the trans community through the gender-affirming healthcare process.
Already the most used digital triage platform in the NHS, the boost will enable the service to expand into urgent and specialist care.
The deal values 23andMe at approximately $3.5 billion through the combination of stock and cash financing.
The B2B platform, billed as the “plug and play” option for insurance companies, will use the funding to expand operations in new markets and add languages.
The company plans to use the money to grow in the life science and AI research space.