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NowRx Announces $20 Million Series B Funding to Expand Same-Day Prescription Delivery as COVID-19 Accelerates Adoption of Telehealth and Delivery Services

Jul 15, 2020•about 5 years ago

Amount Raised

$20 Million

Round Type

series b

Mountain ViewCommerce And Shopping

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.

Company Information

Company

Now Rx

Location

Mountain View, California, United States

About

NowRx is redefining healthcare by providing same day pharmacy delivery and telehealth services. By leveraging customized robotic dispensing, industry leading consumer and driver apps, and QuickFill, a proprietary pharmacy management and logistics system, NowRx can offer same day end-to-end services, from online prescribing to prescription delivery. This includes telehealth services to prescribe for several conditions, searches for discount coupons, insurance approval, payment assistance, live customer service, and same day prescription delivery. To date, NowRx has 8 DEA licensed micro fulfillment pharmacies spread across the San Francisco Bay Area, Orange County, Los Angeles, and Phoenix with more than 35K customers and 365K prescriptions successfully delivered to date. Additionally, at the time of writing, every single NowRx location boasts a 5-star review rating on Yelp from patients and doctors. Learn more at www.nowrx.com.

Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech