Medly Pharmacy Raises $100M Series B to Accelerate Growth in Digital Pharmacy Services
Summary
"We continue to improve patient care by empowering customers to access prescription drugs on their own terms through a potent combination of physical and digital pharmacy services," said Marg Patel, CEO and Co-Founder of Medly. Medly maximizes convenience and personalized service, enabling customers to schedule their own delivery window, consult with pharmacists, and manage their prescriptions directly from a desktop or mobile app. " Founded in 2017 by second-generation pharmacy owners Marg and Sahaj Patel, Medly has experienced exponential revenue and customer growth since inception, with success driven by the founders nuanced understanding of the industrys complexities and pain points coupled with their deep clinical expertise in dispensing specialty and retail prescription drugs. Volitions focus is investing in founder-owned, capital-efficient companies including such industry leaders as Chewy, Globaltranz, iPipeline, Arteza, Burst Oral Care and Recycle Track Systems (RTS) . We have deep experience in both consumer and enterprise technology and have made over 300 investments, including Acorns, Bird, Huffington Post, Icertis, Plated, Scopely, Shipt, TheRealReal, Thrive Market, Trunk Club, and Venmo.