GoodRx, a Santa Monica, California-based prescription price transparency platform, received a private equity investment of undisclosed amount.
Backers included Francisco Partners and Spectrum Equity.
The company will use the funds to expand operations.
Led by Doug Hirsch and Trevor Bezdek, co-CEOs, GoodRx provides a prescription price transparency platform which gathers up-to-date prices, co-pays, and discounts on medications from nearly every pharmacy in the country to provide this information to consumers in a mobile and web experience.
The medical app can be used by anyone, regardless of their insurance or Medicare status.
To download the free iOS or Android app, visit www.goodrx.com.