The round was led by Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors, L.P., focused on enterprise software and tech-enabled business services companies.
The company intends to use the funds to scale its online technology platform, Fullscript™.
Led by Fran Towey, CEO, Fullscript enables healthcare practitioners in the US and Canada to dispense professional-grade nutritional supplements to their patients through an e-prescribing platform. Patients fulfill their prescription online and practitioner-recommended products are shipped direct, minimizing the need to manage a large physical inventory.
In recent months, the company has begun to expand its reach by integrating with a growing number of Electronic Health Record partners to build a database of nutritional supplement research linked to ingredients and conditions, including drug-nutrient depletion and interaction tooling that will inform practitioners how to safely and effectively use nutraceuticals.
In June 2018, Natural Partners, a 24-year-old specialty wholesale distributor based in Scottsdale, Arizona, and Fullscript, an eight-year-old tech startup based in Ottawa, Ontario, merged to create a single platform for practitioners seeking extensive supplement access, research, education, and tools for prescribing and adherence to improve patient outcomes.
FinSMEs
21/05/2019