About Cure
Cure is a company based in Berlin (Germany) founded in 2021 by Manuel Aberle and Ali El-Ali.. Cure has raised $14.98 million across 1 funding round from investors including Breega, Abstract Ventures and Craft Ventures. Cure offers products and services including CURE Bestellplattform. Cure operates in a competitive market with competitors including MAYD, Ihre Apotheken, medpex, Axiogenesis and Medizinfuchs, among others.
- Headquarter Berlin, Germany
- Founders Manuel Aberle, Ali El-Ali
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cure Group Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.98 M (USD)
in 1 rounds
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Latest Funding Round
$14.98 M (USD), Series A
Sep 15, 2022
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Investors
Breega
& 4 more
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Employee Count
Employee Count
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Products & Services of Cure
Cure offers a comprehensive portfolio of products and services, including CURE Bestellplattform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables pharmacies to manage online orders and delivery integrations efficiently.
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Funding Insights of Cure
Cure has successfully raised a total of $14.98M through 1 strategic funding round. The most recent funding activity was a Series A round of $14.98 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $15.0M
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First Round
First Round
(15 Sep 2022)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Cure | Valuation | Breega , PI LABS |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cure
Cure has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Breega, Abstract Ventures and Craft Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on pre-seed to early-stage investments
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by sector-agnostic VC firm.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cure
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cure
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cure Comparisons
Competitors of Cure
Cure operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MAYD, Ihre Apotheken, medpex, Axiogenesis and Medizinfuchs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Non-prescription medicines are ordered and delivered online.
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| domain | founded_year | HQ Location |
Online marketplace for the purchase of medicines
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| domain | founded_year | HQ Location |
Medicines for health conditions are sold online by medpex.
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| domain | founded_year | HQ Location |
Generic medicines are sold via an online pharmacy platform.
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| domain | founded_year | HQ Location |
Operates a marketplace for pharmacy products to facilitate online purchasing.
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| domain | founded_year | HQ Location |
A mobile app for online medicine ordering is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Cure
When was Cure founded?
Cure was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Cure located?
Cure is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Cure?
Ali El-Ali is the current CEO of Cure. They have also founded this company.
Is Cure a funded company?
Cure is a funded company, having raised a total of $14.98M across 1 funding round to date. The company's 1st funding round was a Series A of $14.98M, raised on Sep 15, 2022.
What does Cure do?
CURE was founded in 2021 in Berlin, Germany, as an online platform in the healthcare sector. Pharmacies are searched by users through the service, where prescribed medicines and over-the-counter drugs can be ordered. Delivery is facilitated to customers, supporting access to pharmaceuticals in the region. Operations focus on streamlining the procurement and distribution process for everyday health needs.
What products or services does Cure offer?
Cure offers CURE Bestellplattform.
Who are Cure's investors?
Cure has 5 investors. Key investors include Breega, Abstract Ventures, Craft Ventures, Pi Labs, and J12.