Curative Health Raises $150M to Accelerate Expansion of Its $0-Out-of-Pocket Health Plan

Curative Health Insurance Company has raised more than $150 million in Series B funding as it seeks to scale its alternative to traditional employer health insurance. The round, which assigns the company a valuation of $1.275 billion, was led by Upside Vision Fund with substantial participation from JAM Fund founder Justin Mateen, who invested $47.5 million personally and through his fund. Additional investors included Mike Novogratz of Galaxy Digital and the Duquesne Family Office of Stanley Druckenmiller. The financing reinforces investor confidence in Curative’s $0-out-of-pocket plan design and AI-enabled member experience.

Chief executive and co-founder Fred Turner stated, “This funding validates the disruptive model we’ve built, which leverages AI-driven technology, real human support, and aligned incentives to actually improve outcomes.” Curative’s approach removes deductibles, copays, and coinsurance for members who complete an annual Baseline Visit, a requirement intended to shift engagement toward preventative care. According to the company, this structure has contributed to a 20% increase in primary care utilization, a 30% reduction in hospitalizations, and drug cost reductions of up to 40% within the first year. Since launching less than three years ago, Curative has reached 1,200 employer clients, enrolled 165,000 members, and achieved profitability.

The Series B funding will support Curative’s national expansion strategy, beginning with targeted growth in the Mid-Atlantic. Scaling into new regions will require strengthening financial reserves to meet regulatory obligations. Beyond geographic expansion, the company plans to deepen its investment in AI-enhanced operations, member engagement programs, and modernized network development.

A key component of its infrastructure strategy is the Curative Cash Card, which the company positions as a redesign of the traditional network model. The card is intended to simplify access and payments by extending $0-out-of-pocket care to more than one million providers nationwide and enabling instantaneous payment at the point of care. The company emphasizes that the approach eliminates administrative delays and is designed to prevent surprise billing.

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