Rx Save Card, a Chicago, IL-based provider of a pharmacy benefit solution, raised $1.7M in Pre-Seed funding.
The round was led by Distributed Ventures and participation from industry insiders.
The company intends to use the funds to scale its team and technology.
Led by CEO Chris Crawford, Rx Save Card empowers employees to pay directly for their medications at over 65,000 pharmacies. This solution is a companion to existing pharmacy benefits, offering an additional way to save on prescriptions without having to change pharmacy benefit managers.
The Rx Save Card also addresses the central issues raised in recent class-action ERISA fiduciary lawsuits for employers that self-fund their pharmacy benefits program.
FinSMEs
15/08/2024