Health insurance startup Oscar has raised $145 million in new funding led by Peter Thiel and Brian Singerman from Founders Fund. The company is now reportedly worth $1.5 billion and the total capital raised to $320 million. Oscar will use the funds to expand operations and develop new products. Li Ka-shing of Horizon Ventures, the Wellington Management Company and Goldman Sachs, as well as all previous investors, also participated in the round. “We don’t get excited about raising money, but rather, see it as a small step towards improving experiences for our members each and every day. Our most recent round of financing will ensure our continued dedication to service and innovation for our members. It will allow us to grow our staff, create new products and extend our plans to new members across the country,” Mario Schlosser, CEO Oscar Insurance wrote in a blog post.
Freshdesk, which provides SaaS customer support software, has secured a $50 million round of funding led by Tiger Global with participation from Accel Partners and Google Capital. The company will invest the funds into its products, the Freshdesk and Freshservice support platforms. “Freshdesk enables companies of all sizes deliver world-class customer service,” said Girish Mathrubootham, CEO, Freshdesk. “This investment will help us continue to evolve our products and scale our business to meet demand from customers around the world. We are excited about the shared commitment that our investors have in Freshdesk and our vision.”
Assured Labor, a recruitment technology provider, has raised $6.75 million in funding led by previous backer Capital Indigo. Mexico Ventures, Thayer Ventures and Promotora Social México also participated. “We’re proud to be working with some of the largest and most innovative employers in Latin America, including: Ambev, Oí, CSN, Atento, Teleperformance, Sears and Inbursa,” said David Reich, Assured Labor’s Founder and CEO. “In the past year we’ve doubled our candidate database and grown our sales by over eight times year-on-year. This new funding round will enable us to scale up our technology, sales, marketing and delivery teams, to keep up with demand as our business continues to accelerate.”
Flashpoint, which provides intelligence from the deep and dark web, has secured $5 million in Series A financing led by TechOperators. Bloomberg Beta, Cisco Investments, Greycroft Partners, and K2 Intelligence also participated. “We couldn’t have asked for a more dynamic group of investors to help us grow our operations and drive sales,” reflected Josh Lefkowitz, CEO of Flashpoint. “Our pioneering approach of blending subject matter expertise with innovative software engineering has made us the global leaders in Deep and Dark Web intelligence. Now, this financing has come at the perfect time for us to capitalize on the incredible market momentum and thirst for intelligence from the uncharted regions of the Internet.”