Investing
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.
The new funds will be put towards expanding into Indonesia, Philippines, Malaysia and India.
Also HealthTensor scores $5 million in seed funding and Cutback Coach rakes in $3.1 million for its platform designed to help users cut back on alcohol.
The Wild Card open innovation programme has selected two innovator teams from Spain and Germany.