201917 May

PocketPills raises $2 million seed round for virtual pharmacy software

Summary

PocketPills, a Vancouver-based tech-driven healthtech company that has been called the ‘UberEats” of pharmacies, has fully subscribed a $2 million seed round led by WaterBridge Ventures Funds. Funding from the seed round will be used toward the company’s Canada-wide expansion, which has been a primary focus of the company over the past six months. Founded in 2018, PocketPills’ platform was formed with the goal of making medication management simple, through a $7 dispensing fee and free delivery. PocketPills co-founder Abhinav Gupta previously founded San Francisco-based-based Rocket Fuel, which was valued at $2 billion when it went public in 2013 and also served as director of engineering at Yahoo. The company’s goal is to leverage AI software to calculate adherence and predict instances of new diseases, using data like dates of prescription refill and patient consultations.

Source: Betakit

Funding

$2M
Amount
May 17 2019
Date
-
Investor
PocketPills
Company

Classifications

Companies