PillDrill, a Las Vegas-based provider of a smart medication tracking system, secured $3M in funding.
Undisclosed angel investors participated in the funding. In addition to the transaction, Annette Campbell-White, who served as Founder and Senior Managing Partner of MedVenture Associates, a biomedical venture capital firm from 1986 until her retirement in December 2015, has joined PillDrill’s Board of Directors.
The company intends to use the funds to grow its distribution channels.
Led by Peter Havas, founder and CEO, PillDrill is a scanning system that simplifies the laborious task of daily medication management. The system features the PillDrill Hub, a compact device that sits next to the user’s pills and issues clear audio-visual alerts when doses are due. To indicate that a dose has been taken, the user waves the medication container in front of the Hub. Each scan (or lack thereof) then triggers a real-time update to family members and other concerned parties.