aVenture Startup In Focus: Cure

Cure is an early-stage startup founded in 2019 with the vision to offer access to healthcare services in patients' homes. The platform connects patients with local pharmacies providing a catalog of more than 2500 products that can be ordered through their app. Cure will provide access to healthcare professionals, such as doctors and nurses, who can provide medical care and advice remotely.

Cure's Features Explained

Cure is a one-stop shop for on-demand healthcare services provided through a mobile app. One of Cure's most significant features is its product availability; given the network of pharmacies they have built, users can find almost any needed product and deliver it on the same day.

Cure's platform is integrated with the pharmacy's inventory systems, and they have a fleet of riders to deliver the products on time.  Users can also talk to a pharmacist when ordering their medicines, offering the same level of support patients would get in a physical store. 

Cure is getting ready to launch new services where users will be able to connect with healthcare professionals such as doctors and physiotherapists. They will also offer access to mental health counseling with therapists and health coaches. Patients will be able to book virtual appointments with these professionals through Cures app. Additionally, they will launch e-prescriptions so patients can store and share their data with pharmacies.

On their B2B side, they offer local pharmacies the chance to scale their businesses digitally to expand their client reach. Cure can increase local pharmacies' revenues and growth by quickly digitizing and promoting their store and delivering their products to patients.

Market Opportunity

The demand for on-demand healthcare services is on the rise, particularly since the COVID-19 pandemic, this has accelerated the adoption of telemedicine, and patients are increasingly seeking remote healthcare services. According to a report by Grand View Research, the telemedicine market is expected to grow at a compound annual growth rate (CAGR) of 25.1% from 2020 to 2027, which turns it into a highly attractive sector for angel investors and venture capitalists. 

Cure also has significant opportunities to expand its services into emerging markets; they have announced plans to expand to over six countries in the European Union. By increasing their scope of services from telehealth services to delivery and electronic patient records, they will be able to integrate multiple service providers and offer a one-stop shop healthcare solution.  

Potential Risks

While Cure has significant opportunities for growth, there are also risks associated with operating in the healthcare industry that startup investors should be aware of. One of the most significant risks faced by startup companies in this sector is regulatory compliance. Healthcare regulations are complex and vary from country to country; this can be a difficult barrier to entry to surpass when looking to expand in and outside of the UE. Cure must ensure that it complies with all the relevant regulations and obtains the necessary licenses to operate in each market.

Another risk is cybersecurity. Cure will handle sensitive patient information since they plan to store electronic patient data and records. It must ensure its platform is secure and protected against cyber threats. Any patient data breach could damage Cure's reputation and result in legal action.

Cure's Startup Profile Now Available on aVenture

The healthcare industry is rapidly evolving. With the rise of digital technology, Cure can leverage its innovative platform and offer a comprehensive suite of healthcare services through a digital platform. The telehealth market is growing fast, and the solutions that can integrate various services into one platform will be the ones that can get ahead of the competition.  

At aVenture, we are developing a user-friendly investment platform that will allow non-accredited and accredited investors to kick off their startup investing journey. Join aVenture to get access to our venture investing platform and start researching early-stage startups like Cure.

If you want to follow Cure's success story and start your investment journey, glimpse their startup profile on aVenture's platform.