Home

Curative Raises $150 Million in Series B Funding to Redefine the Future of Health Insurance

via Business Wire

Capital Will Accelerate AI-Driven Member Experience, Expand National Footprint, and Reinvent How America Accesses and Pays for Care

Healthcare Disrupter Takes Direct Aim at the Legacy BUCA Model

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 model.

Born out of frustration with the status quo, Curative isn’t tweaking around the edges of the traditional BUCA (Blues, United, Cigna, Aetna) system; it’s replacing it. The Curative model is centered on a benefit plan design with $0 out-of-pocket costs (no co-pays, no deductibles, no coinsurance) as long as members complete an annual preventative health visit called the Baseline Visit. By removing financial barriers and taking a proactive approach to health management, Curative has demonstrated results that include a 20% lift in primary care engagement, a 30% reduction in hospitalizations, and a reduction in drug costs of up to 40% within a year of a group joining the plan by keeping members healthier.

A Health Plan Built the Way Healthcare Should Work

“Curative’s mission is to eliminate financial barriers and guide our members at every step of their health journey,” said Fred Turner, CEO and co-founder. “This funding validates the disruptive model we’ve built, which leverages AI-driven technology, real human support, and aligned incentives to actually improve outcomes. We’re accelerating the modernization of the member experience, expanding into new markets, and scaling the impact we know the industry desperately needs. The momentum is real, and employers, brokers, and providers are seeing the value of a plan designed with their success in mind.”

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.

Investors Back the Breakthrough

The round was led by TED Chairman Chris Anderson’s Upside Vision Fund, with significant participation from Justin Mateen, founder of JAM Fund, who personally and through his JAM Fund invested $47.5M in the round. Additional investors include Mike Novogratz of Galaxy Digital, Stanley Druckenmiller’s Duquesne Family Office, DCVC, and Martin Varsavsky.

“This is an extraordinary company. I’ve never seen a startup grow so quickly while moving so deftly through so many critical issues,” said Chris Anderson, Managing Partner at Upside Vision Fund. "The healthcare industry is notoriously challenging with so many misaligned incentives. To see Curative successfully setting a new standard for employer-based health insurance that actually makes people healthier — wow, that has been exhilarating."

Justin Mateen—Curative’s first investor—is increasing his position in the company, despite his initial investment already compounding more than 400-fold. As the founder of JAM Fund and one of today’s leading tech investors, Mateen continues to show strong conviction in Curative’s long-term vision. “Curative is reimagining health insurance from first principles,” said Justin Mateen. “The best companies are built by founders who take on problems most people consider unsolvable. Fred is one of those rare founders, and what Curative is building has the potential to reshape healthcare for millions.”

How Curative Will Use the New Capital

The Series B capital infusion will support Curative’s aspiration 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. This will require bolstering reserves to support state regulatory requirements and maintain our long-term financial strength ratings. Other ways funds will be deployed to enhance Curative’s value proposition across stakeholders include investments in deeper member health engagement, AI-enhanced operational and service capabilities, and network development paired alongside other modernized payment methods.

A Network Model Rewritten for the Future

Traditional networks serve as limiters and don’t facilitate cost transparency. Curative is rewriting that playbook with a next-generation approach to accessing and paying for care, anchored by the Curative Cash Card. This breakthrough solution:

  • 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.

The Curative Cash Card —combined with broad underlying national network partnerships, creates a frictionless experience that legacy insurers simply cannot replicate.

Riding the Wave of a Once-in-a-Generation Shift

“For years, industry watchers and employers have talked about an inflection point where lack of innovation, rising frustration, and runaway healthcare costs would collide,” said Turner. “Curative is leading that change moment. We are benefiting from the industry’s urgent demand for simplicity, predictability, and real improvement—and we are uniquely positioned to deliver it at a national scale. The outdated BUCA model is not serving members, and Curative is stepping forward with the solution to replace it.”

About Curative

Curative is creating the future of health insurance with its first-of-a-kind employer-based plan, boasting an impressive AM Best rating of A-. Our mission is to transform health insurance by eliminating financial barriers to care and guiding our members at every step of their health journey. With a competitive monthly premium and zero additional costs*, Curative provides employers and their employees exceptional value, improved health, and peace of mind. For more information on Curative, visit https://curative.com or follow us on Facebook, Instagram, X, or LinkedIn.

*Every Curative member qualifies for the $0 deductible, $0 copay for in-network care and preferred prescriptions by completing a Baseline Visit within 120 days of the plan effective date.

Contacts