Capital Rx, a NYC-based health technology company, raised $12m in growth financing.
The round was led by Edison Partners.
The company will use the funds to accelerate go-to-market execution and bolster its technology platform.
Led by AJ Loiacono, founder and CEO, Capital Rx is a next generation pharmacy benefits manager, overseeing prescription benefit plans on behalf of employers, unions, and government entities. Through its platform approach, the company delivers data-driven insights and actionable strategies for customers to reduce costs, while improving patient outcomes.
Launched in April 2018, Capital Rx has realized 3,000% year-over-year revenue growth, with customers including Philadelphia Federation of Teachers, The International Brotherhood of Teamsters and WoodForest Bank.
FinSMEs
16/07/2019