The amount of the deal was not disclosed. NRD Capital Management, LLC, an Atlanta-based private equity firm that specializes in franchised and multi-location business investments, through its affiliate NRD Healthcare Solutions.
Founded in 2015 by Zeshan Muhammedi, Gurdane Bhutani and Justin Martin, FundRx is a venture capital platform that builds and invests in innovative healthcare and life sciences startups. Its community of 2500+ members – themselves industry executives, serial entrepreneurs, physicians and scientists – contribute their capital, time, and expertise to the FundRx portfolio, providing hands-on support and guidance.
Since its inception, FundRx has funded 15 startups in the healthcare and life sciences sub-verticals including EpiBone, Buoy Health, Meissa Vaccines, SafeRide Health, SoundBite Medical, NeuroOne and Epicured.
The firm has offices in Chicago and San Francisco.
As part of the transaction agreement, NRD will gain exclusive access to investment opportunities and provide a potential exit strategy for companies in FundRx’s portfolio. NRD will also partner with FundRx to leverage its Peer Review Council to target and evaluate investment opportunities within the healthcare IT and services sectors, focusing on companies that have franchisable concepts and are in need of growth capital.