Fundraising Fox

Thrive Health Tech

Nashville, US · Founded 2024 · Delaware corporation · 5 known investors

Thrive Mobile provides low-cost wireless plans through the federal Lifeline subsidy program, powered by SafetyNet Wireless, targeting low-income consumers with integrated health resources and personal assistant support.

Also known as Thrive Health Tech® · Thrive Mobile · THT

Founders & leadership

JA
John AndersonExecutive

Board

NFNavid Farzad
Navid FarzadBoard directorManaging Partner at Frist Cressey Ventures
WHWilliam H. Frist
William H. FristBoard directorCo-Founder and Partner at Frist Cressey Ventures
VPVijay Patel
Vijay Patelin𝕏Board directorManaging Partner at CVS Health Ventures

Investors · 5

Also in the syndicate · 1

Shields Health Innovations

Reported raises · per SEC filings

Form D private placements

$5M disclosed across 1 of 2 rounds · 2023–2025

$5MraisedAug 2025 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Navid FarzadDirector
  • William H. FristDirector
  • Vijay PatelDirector
  • John AndersonExecutive Officer, Director
Offering amount
$5.2M
Amount sold
$5M
First sale
Aug 2025
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Thrive Health Tech (THT) is a Nashville, Tennessee health care technology company whose stated aim is to reduce the digital divide and improve access to health care for underserved Americans. Its first consumer product, Thrive Mobile, is a wireless service that the company describes as the first health care-focused wireless carrier approved by the Federal Communications Commission. Thrive Mobile offers nationwide broadband coverage said to reach 99% of U.S. households, with unlimited talk and text.

Thrive Mobile plans are delivered through the federal Lifeline program, with Lifeline service provided by SafetyNet Wireless. The Essential plan is $0 per month with a Lifeline benefit and includes 5GB of data plus unlimited talk and text; additional high-speed data top-ups are sold in the Thrive Mobile app starting at $10 for 3GB. A second plan, Healthcare+, is offered at $0 per month exclusively through select health plans and includes unlimited talk and text, unlimited data (10GB high-speed, then 128kbps), health resources, weekly check-ins, and either a free device or bring-your-own-device. Customers can keep an existing phone and number or receive a new smartphone, and onboarding is presented as an eligibility check followed by plan selection and activation.

The accompanying Thrive Mobile app functions as a support hub, linking users to local resources for food, transportation, housing and health care, and offering member discounts on everyday essentials such as groceries and fuel. The company also operates a call center staffed by "Thrive Assistants" who help members with tasks such as organizing medical appointments."]

Founding story

John Anderson is identified as founder and CEO of Thrive Health Tech, which set out to eliminate the digital divide and make health care easier and more affordable for millions of Americans by using mobile devices as an engagement platform.

Business model

THT distributes wireless service to low-income and Medicaid-eligible consumers, with plans priced at $0 per month when a subscriber applies the federal Lifeline benefit through SafetyNet Wireless. Incremental consumer revenue comes from in-app data top-ups starting at $10 for 3GB of high-speed data. The Healthcare+ plan is made available exclusively through select health plans, indicating a channel relationship with payers alongside direct consumer sign-up.

Subsidy-supported wireless service (Lifeline benefit applied through SafetyNet Wireless) at $0 monthly to the consumer, supplemented by paid in-app data top-ups from $10 for 3GB, and a Healthcare+ plan distributed through select health plans.

Traction

Thrive Mobile was announced as the company's debut product alongside its 2023 pre-seed round, with nationwide coverage reaching 99% of U.S. households. The company states the service will save consumers an average of $840 annually. Customer testimonials on the company site reference delivered devices, call center support and appointment assistance.

Latest developments

Thrive Mobile is live with two plans: the $0 Essential plan (5GB data, unlimited talk and text) via the Lifeline benefit through SafetyNet Wireless, and Healthcare+, a $0 plan with unlimited data, health resources, weekly check-ins and a free device or BYOD, available through select health plans.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a health care-focused wireless carrier serving Lifeline-eligible consumers, described in the funding announcement as the first health care-focused carrier to receive FCC approval, and marketed against other low-income wireless providers.

Combines subsidized Lifeline wireless service with health-oriented features: an app connecting members to health care and social services, weekly check-ins on the Healthcare+ plan, and live "Thrive Assistant" support for tasks such as scheduling and organizing medical appointments.

Technology

A mobile service operating on a nationwide 5G network with coverage reaching 99% of U.S. households, paired with the Thrive Mobile app, which aggregates local resources for food, transportation, housing, health care and financial services, surfaces member deals, and supports appointment and calendar assistance delivered with help from Thrive Assistants.

Go-to-market

Direct-to-consumer online sign-up with a Lifeline eligibility check, supported by outreach such as mailed postcards, plus distribution of the Healthcare+ plan through select health plans. Free devices or bring-your-own-device options and a human call center reduce onboarding friction.

Low-income and underserved U.S. consumers eligible for the federal Lifeline program, including Medicaid members; the company cites internal research indicating 43.5% of Medicaid members have canceled or suspended wireless service because of cost. Health plans serve as a distribution channel for the Healthcare+ product.

Geography

Headquartered in Nashville, Tennessee, with wireless coverage marketed as nationwide across the United States, reaching 99% of households.

History

The company announced a $7 million pre-seed round and the release of its first product, Thrive Mobile, in May 2023. It also assembled an advisory board spanning health care, telecommunications, financial services and technology, including Nick Archer, Jesse Hunter, Ravi Mehta, William Shrank, Dexter Shurney, Prabhjot Singh and Jon Wilkins.

Risks & controversies

The consumer offering depends on the federal Lifeline subsidy program and on SafetyNet Wireless as the Lifeline service provider, and the Healthcare+ plan's availability is limited to select health plans.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Data top-up priceJan 2025$10 for 3GB of high-speed data
Essential plan data allowanceJan 20255 GB per month
Essential plan price with Lifeline benefitJan 20250 USD per month
Healthcare+ high-speed data before throttling to 128kbpsJan 202510 GB per month
Medicaid members who canceled or shut off wireless service due to cost (internalMay 202343.5%
Stated average annual consumer savingsMay 2023$840
US household coverageMay 202399%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 3

by search overlap

Companies competing with Thrive Health Tech for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 2

launches, deals, and filings
May 2023
Thrive Health Tech raises $7M pre-seed

THT announced a $7 million pre-seed round with Frist Cressey Ventures, CVS Health Ventures, 25m Health, Shields Health Innovations and Winter Street Ventures to support its mission of expanding health care access for underserved Americans.

$7M source ↗

May 2023
Launch of Thrive Mobile

THT announced the release of its debut product, Thrive Mobile, described as the first health care-focused wireless carrier approved by the FCC, offering nationwide broadband coverage accessible to 99% of U.S. households with unlimited talk and text.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Thrive Health TechDelaware

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Thrive Health Tech do?
Nashville health tech company offering Thrive Mobile, a Lifeline-based wireless service that connects users to health and social resources.
Who are Thrive Health Tech's investors?
Thrive Health Tech's investors include City Light, CVS Health Ventures, Frist Cressey Ventures, Samsung Next.
How much funding has Thrive Health Tech raised?
Thrive Health Tech has disclosed $5M raised across 1 of its 2 known rounds.
Where is Thrive Health Tech headquartered?
Thrive Health Tech is headquartered in Nashville, US.