Curative Health Insurance raises over $150m in Series B funding
Curative Health Insurance Company has secured more than $150m in Series B funding, elevating its valuation to $1.25bn.
This capital will help the company advance its $0-out-of-pocket health plan with an AI-powered member experience.
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The proceeds will also support Curative’s national expansion, building on its presence in Texas, Florida and Georgia, US, with a near-term focus on the mid-Atlantic states.
TED chairman Chris Anderson’s Upside Vision Fund led the Series B round.
JAM Fund founder Justin Mateen contributed $47.5m, both personally and through JAM Fund.
Other participants in the round included Mike Novogratz from Galaxy Digital, Stanley Druckenmiller’s Duquesne Family Office, DCVC and Martin Varsavsky.
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By GlobalDataThe capital will be used to bolster reserves required for state regulatory compliance and to maintain long-term financial strength ratings.
Other areas of investment include expanding member engagement strategies, enhancing operational and service capabilities through AI, network development and modernised alternative payment methods.
The company stated that its health insurance plan does not lead to out-of-pocket expenses for members if they complete an annual preventative health appointment referred to as the Baseline Visit.
Data from Curative has indicated outcomes such as a 20% increase in primary care participation, a 30% reduction in hospital admissions and up to 40% lower medication costs within the first year after groups adopt the plan.
Since its launch less than three years ago, Curative now serves more than 1,200 employer clients and more than 165,000 members.
Curative co-founder and CEO Fred Turner said:“Curative’s mission is to eliminate financial barriers and guide our members at every step of their health journey.
“This funding validates the disruptive model we have built, which leverages AI-driven technology, real human support and aligned incentives to actually improve outcomes. We are accelerating the modernisation of the member experience, expanding into new markets and scaling the impact we know the industry desperately needs.”
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