NowRx Announces $20 Million Series B Funding to Expand Same-Day Prescription Delivery as COVID-19 Accelerates Adoption of Telehealth and Delivery Services
Amount Raised
$20 Million
Round Type
series b
Description
NowRx, a technology-enabled pharmacy that uses proprietary pharmacy software and last-mile logistics to provide same-day and same-hour delivery of prescription medications, today announced the completion of a $20 million Series B funding round through SeedInvest.com, a leading Regulation A+ crowdfunding platform. This round is the largest in SeedInvest history and brings the company’s total funding to $30 million. The funds will be used to launch more of NowRx’s high-tech micro-fulfilment centers to bring free same-day prescription medication delivery to customers in additional territories. NowRx will also use the funds to accelerate the technology roadmap for its proprietary pharmacy management software and logistics technology to increase efficiencies and improve profitability.
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