Joshua Kushner, investor and founder of New York-based investment firm, Thrive Capital and well known for backing hot startups such as Instagram, Fab, Warby Parker and Codecademy, has been quietly working on his second startup, which is focused on the healthcare industry.
Forbes, which has revealed further details about the company, says it is called Oscar. We first reported about the company in November 2012. In the past Kushner had started Vostu, a social gaming company, based in Brazil. Here are relevant nuggets from the Forbes article by Steven Bertoni:
- It is focused on health insurance.
- It is co-founded by Kushner, Kevin Nazemi (formerly with Microsoft Healthcare division) and Mario Schlosser.
- It has raised $40 million in funding from Thrive Capital, Founders Fund, General Catalyst and Khosla Ventures. Vinod Khosla is on the board of the company.
- Charlie Baker, formerly chief of Harvard Pilgrim Insurance, is on the board of the company.
- Fredrik Nylander, formerly of Tumblr, is the tech chief.
- The company is using data and user experience to reinvent what is a very traditional business.
- It has been awarded a license as New York health insurance operation.