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Curative builds and operates on-demand public health programs and infrastructure. Its core services include rapid, mass-scale testing and vaccines for COVID-19 and other essential health services, delivered through a network of more than 16,000 testing sites across 40 states and three CLIA-certified, high-complexity labs. The company offers turn-key programs and scalable infrastructure that communities can deploy quickly, with user-friendly experiences to access testing and vaccination. Curative differentiates itself by providing end-to-end public health solutions—combining clinical expertise, engineering and health industry know-how—to rapidly stand up testing sites and labs in partnership with communities, governments, and health systems. The company’s goal is to keep people safe, healthy, and informed by strengthening public health services and expanding access to essential care.”}
Industries
Government & Public Sector
Healthcare
Company Size
1,001-5,000
Company Stage
Series B
Total Funding
$158M
Headquarters
Austin, Texas
Founded
2020
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Total Funding
$158M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Medical, Dental, and Vision
Generous Vacation/PTO
Stocked kitchen for in-office employees
401(k) for full-time employees
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Curative raises $150 million Series B funding. * Curative raises $150 million to scale its $0-out-of-pocket health insurance model. * The valuation reaches $1.275 billion. * Funding supports national expansion and AI-powered service upgrades. Curative secures major Series B funding. Curative has raised $150 million in fresh Series B funding. The raise confirms the company's unicorn status at a valuation of $1.275 billion. The company said the investment will accelerate its plan to redesign the structure of employer health insurance in the United States. Curative has positioned itself as an alternative to the traditional BUCA insurers. It has built a health plan that removes financial barriers for members. It uses a $0-out-of-pocket model. Members only need to complete one annual preventative appointment called the Baseline Visit. The company said its model has already produced clear results. Primary care engagement has increased by 20%. Hospitalisations have fallen by 30%. Drug costs have dropped by up to 40%. Curative believes these changes stem from preventative care and early intervention. The company now serves more than 1,200 employer clients. It covers more than 165,000 members. It has reached profitability in under three years. The Series B round was led by the Upside Vision Fund. Justin Mateen also expanded his position. He invested through JAM Fund and in a personal capacity. Other investors include Galaxy Digital, DCVC, and the Duquesne Family Office. Curative said the capital will support regulatory requirements in new states. The company intends to expand throughout the Mid-Atlantic region. It already operates in Texas, Florida, and Georgia. A plan built to remove barriers. Curative said its mission is to remove financial friction from the healthcare system. The company uses a simple model. Members face no co-pays. They face no deductibles. They face no coinsurance. Payments are tied to the completion of one Baseline Visit. This structure shifts the entire benefit design to prevention. It keeps members engaged. It reduces long-term treatment costs. It gives employers a more predictable cost structure. Curative uses AI across its member platform. The company said this technology improves navigation through the healthcare system. It also supports faster responses from service teams. Investors believe this approach is reshaping behaviour. Chris Anderson from Upside Vision Fund said he has not seen another insurer grow at this pace. He said the sector has suffered from misaligned incentives for decades. He described Curative's progress as refreshing. Justin Mateen said the company is solving a problem many believed impossible to fix. He said Curative is rebuilding insurance from first principles. He expects the company to influence the wider market. Curative Cash Card gains momentum. Curative introduced the Curative Cash Card to expand access to $0 care. The card works with over one million providers across the United States. It removes the need for legacy network restrictions. The Cash Card pays providers instantly. It removes administrative delays. It removes the complexity that often leads to surprise medical bills. Curative said this tool has become a core component of its member experience. The company said it has used new capital to improve this product. It aims to expand its integrations across a broader national network. It said the Cash Card will allow members to move freely between high-value providers. Employers and brokers have responded positively. They want predictable pricing. They want transparent claims. They want a plan that improves health outcomes. Curative said its work is timely. Rising costs and dissatisfaction have pushed employers to seek new insurance models. Curative believes the industry has reached a breaking point. It sees an opportunity to replace legacy structures with a more modern solution. You can read Curative's public materials for additional context through this external source: Curative Company Information. Scaling a national expansion strategy. Curative plans to use the new capital for national expansion. It will strengthen internal reserves. It will meet state regulatory requirements. It will maintain the financial stability needed for continued growth. The money will also support AI-enhanced operations. The company will invest in deeper health engagement. It will add new tools that improve preventative care. It will expand its provider network through new partnerships. The company said it intends to modernise payment methods across the system. Curative wants to eliminate administrative burdens for providers. It aims to create a cycle where providers get paid instantly. This reduces friction and builds trust. Curative will also use the capital to support large enterprise clients. It wants to create consistent performance across employer groups. It will deploy more staff to support onboarding and engagement. The company said its focus remains on prevention. It wants to show that simple plan designs can produce lasting results. It also wants to improve efficiency across the broader healthcare supply chain. A founder Vision built on reform. Curative was created to solve problems that had remained untouched by traditional insurers. Fred Turner, the CEO and co-founder, said the company's goal is to rebuild incentives around health. He said the funding round confirms investor belief in that mission. Turner said Curative will use this capital to scale the experience. He said the company will open new markets. He said it will bring its $0-out-of-pocket model to more employers. Curative believes it has the structure to compete with legacy insurers. It plans to grow its footprint through the next expansion cycle. It expects employers to push for change as they seek simpler and more transparent health plans. Curative continues to highlight its AM Best A- rating. It believes this rating proves that the company can grow responsibly. It also believes it proves the financial strength behind the model. The company said members want guidance. They want a plan that encourages preventative behaviour. They want care they can access without financial fear. Curative intends to deliver that on a national scale. To stay updated on crypto venture capital funding and market trends, visit its venture capital news section for more insight. Clinton Nwachukwu is a crypto and finance writer with an MBA in Artificial Intelligence and 6+ years of experience creating content for leading global brands. He turns complex topics into clear, actionable insights for readers worldwide. VentureBurn is a media platform covering the latest in cryptocurrency, artificial intelligence, venture capital, and the startup ecosystem. Opinions expressed on VentureBurn are for informational purposes only and do not constitute investment advice. Before making any high-risk investments in digital assets or emerging technologies, readers should conduct their own due diligence. All transactions and financial decisions are made at your own risk, and any losses incurred are solely your responsibility. VentureBurn does not endorse or recommend the buying or selling of any digital assets and is not a licensed investment advisor. Please note that VentureBurn may participate in affiliate marketing programs.
Curative raises $150M in Series B funding. Curative, an Austin, TX-based company providing health plan services, raised $150M in Series B funding, at $1.275 Billion valuation. The round was led by TED Chairman Chris Anderson's Upside Vision Fund, with participation from Justin Mateen, Mike Novogratz, Stanley Druckenmiller's Duquesne Family Office, DCVC, and Martin Varsavsky. The company intends to use the funds to scale its business nationally, with near-term expansion targeted for the Mid-Atlantic states, building upon its current service area in Texas, Florida, and Georgia. Led by CEO Fred Turner, Curative is a health insurance company providing employer-based plan to care and guiding its members in their health journey, enabling employers and their employees value with its solutions: * Expands access to $0 care for members that extends beyond typical network lines to over a million providers nationwide. * Empowers members with unmatched convenience, letting them access high-value, affordable care with no surprise bills, ever. * Pays providers instantly at the point of care, eliminating the delays, complexity, and administrative waste baked into the old insurance system. Curative has grown rapidly from its launch less than 3 years ago, now serving more than 1,200 employer clients and over 165,000 members, and achieving profitability.
AUSTIN, Texas, December 02, 2025--Curative Health Insurance Company, the trailblazing health plan engineered from the ground up to eliminate barriers and actually improve health, today announced it has raised over $150 million in Series B funding. This investment cements Curative’s unicorn status with a valuation of $1.275 billion, and reflects deep conviction in Curative’s breakthrough $0-out-of-pocket health plan, AI-powered member experience, and bold redesign of the traditional insurance mod
Curative, an Austin-based startup health insurance company, has raised more than $150 million in a funding round valuing the company at approximately $1.28 billion. The company aims to reduce healthcare costs by encouraging preventative care and redesigning employer health benefits. Curative's approach differs from traditional insurers by eliminating cost-sharing mechanisms like copays. The company is addressing rising employer health insurance expenses driven by inflation, expensive drugs and chronic diseases. According to health researcher KFF, family premiums for employer-sponsored health insurance reached an average of $26,993 this year. The funding will support Curative's efforts to tackle skyrocketing healthcare costs for employers whilst promoting preventative care amongst employees.
Curative, a leader in healthcare innovation, has appointed Norman Storwick as Chief Actuary and Vice President of Underwriting.
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Industries
Government & Public Sector
Healthcare
Company Size
1,001-5,000
Company Stage
Series B
Total Funding
$158M
Headquarters
Austin, Texas
Founded
2020
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