Mutual fund makes $400M investment in Oscar — 5 insights

Fidelity, a mutual fund, led a $400 million investment in the health insurance company, Oscar, according to Forbes.

Here are five insights:

1. Fidelity's investment values Oscar at $2.7 billion, up nearly $1 billion from September 2015.

2. In September, Google Capital invested $32.5 million in Oscar.

3. Over the last year, Oscar has increased its customer base from 40,000 to 145,000.

4. Each year, Oscar makes an average of $5,000 per customer, placing revenue near $750 million.

5. The payer lost $120 million in 2015 due to medical bills and growing operating costs.

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