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A start-up health insurance company, Oscar, currently operating only in New York and New Jersey, has obtained a new round of funding totaling $145 million that values it at $1.5 billion.

According to the company, the new funding was led by Peter Thiel and Brian Singerman from Founders Fund. Li Ka-shing of Horizon Ventures, the Wellington Management Company, and Goldman Sachs also participated, in addition to all previous investors. This round brought Oscar’s total funding to date to $320 million. The company said that the new capital would allow it “to expand its operations, develop new products and extend plans to new members across the country.”

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