PillPack, a Boston, MA-based pharmacy for medication management, completed a $50m round of financing.
The round was led by CRV with participation from Accel Partners, Atlas Venture, Menlo Ventures, and Sherpa Ventures. In conjunction with the funding, George Zachary, partner at CRV, will take a director seat on the PillPack board.
The company intends to use funds to accelerate the hiring of the team, and build retail pharmacies in US markets.
Led by TJ Parker, PharmD, CEO, PillPack is a full-service pharmacy designed to simplify the process of managing multiple medications through a combination of personalized service, convenient packaging, and technology. PillPack ships personalized rolls of pre-sorted prescriptions, vitamins, and OTCs, in individual packs, and the company manages refills for customers by proactively coordinating with physicians and insurance providers. It accepts most prescription drug insurance plans, including a majority of Medicare Part D plans.
Launched in February 2014, the company has shipped more than 1 million dose packs in 47 states.