PillPack Announces $8.75 Million in Funding

October 9, 2014

10:30 am

PillPack is a digital pharmacy that helps users easily manage their medications. Created by PharmD and TJ Parker, the company recently secured $8.75 million in funding.

Led by Accel Partners, with participation from Atlas Venture, the round will help scale operations and grow their customer base, according to a press release.

“PillPack is a seamless service for medications, complete with passionate pharmacists who have a real sense of mission and deliver better care,” says Fred Destin, a partner at Accel Partners who will join the Pill Pack board as a director. “This financing will accelerate PillPack towards replacing antiquated pharmacy for anyone who takes multiple medications.”

PillPack also received funding from Shana Fisher, Andy Palmer, QueensBridge Venture Partners, and David Tisch.

As of now, PillPack has raised 12.75 million dollars. Its features make the process of managing medications easy, efficient and simple.

“PillPack transfers medications, confirms medications and start dates; your shipment is delivered to your door and they contact your doctor for refills,” according to their site.

Users also have access to an interface with an online dashboard where users can keep track of billing, medication lists and a calendar.

“In the last two years, we have built and launched the first pharmacy dedicated to making customer’s lives easier,” says Parker. “With PillPack, the end-to-end process of managing medications is both simple and understandable. As a result, it’s easy for our customers to take their prescribed medications at the right time, every time.”

Additionally, PillPack no longer has a $20 subscription fee, and accepts most prescription drug insurance plans. It’s licensed and available in 40 states and has a wide range of customers.

“We have kids as young as 8 years old to folks in their high eighties,” says Parker when we last interviewed him. “The goal is to make this process a lot better and make it really simple for a variety of people.”

 

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Amanda Quick is a tech/startup reporter covering young entrepreneurs for Tech Cocktail. She's also interested in covering apps, emerging technology, IoT and beauty & wellness. Amanda is currently in grad school at Syracuse University studying Information Management. In the past she has interned at NBC Sports, NBC Olympics, Brand-Yourself, and the Times Leader Newspaper as well as worked at WWNY-TV and the StartFast Venture Accelerator in Upstate New York. Amanda is originally from Kansas City, MO but has also lived in Canton, MA and Scranton, PA. To learn more you can visit amandalquick.com. Like Amanda on Facebook and follow her on Twitter.

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