PillPack, a Manchester, N.H.-based pharmacy medication management platform provider, secured $8.75m in funding.
The round, which has raised $12.75m to date, was led by Accel Partners, with participation from Atlas Venture, High Line Venture Partners, QueensBridge Venture Partners, Andy Palmer, and David Tisch. In conjunction with the funding, Fred Destin, partner at Accel Partners, will take a director seat on PillPack’s board.
The company intends to use the funds to scale operations and grow their customer base.
Led by TJ Parker, PharmD, CEO, PillPack is a full-service pharmacy which dispenses medications into multi-dose packs, manages refills for customers by proactively coordinating with physicians and insurance providers and offers an online dashboard to control medication lists, track shipments, keep tabs on billing, and see a calendar of important dates.
Customers can also order vitamins and over-the-counter medications from their dashboard at any time.
The company, which has earned Verified Internet Pharmacy Practices Sites® accreditation through the National Association of Boards of Pharmacy®, is currently present in 40 states.
FinSMEs
09/10/2014