Mulberry Health Inc. — a New York-based health insurer better known as Oscar — said it has attracted $140 million in funding from a group of investors led by Tiger Global Management LLC.
Oscar sells individual and family major medical insurance, Medicare plans, and small-group health plans. It says it ended the third quarter with 420,000 health plan enrollees in 18 states.
In related news, Oscar said it has started the process of registering to sell stock to the public, through an initial public offering.
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Bestow Attracts $70 Million
Bestow Inc., an online life insurance firm, has raised $70 million in funding from a group of investors that includes Sammons Financial.
Sammons Financial is the parent of Midland National and North American Company for Life and Health Insurance.
Bestow said it has now raised a total of $145 million. The company has focused on selling life insurance online.
Bestow recently agreed to acquire Centurion Life Insurance Company from Wells Fargo.
Diameter Health Raises $18 Million
Diameter Health, a health data technology company based in Farmington, Connecticut, has attracted $18 million in funding from a group of investors.
The largest investor in the group was Centene Corp., a large health insurer.