Capital Rx Raises $12M in Growth Funding

capital rxCapital Rx, a NYC-based health technology company, raised $12m in growth financing.

The round was led by Edison Partners.

The company will use the funds to accelerate go-to-market execution and bolster its technology platform.

Led by AJ Loiacono, founder and CEO, Capital Rx is a next generation pharmacy benefits manager, overseeing prescription benefit plans on behalf of employers, unions, and government entities. Through its platform approach, the company delivers data-driven insights and actionable strategies for customers to reduce costs, while improving patient outcomes.
Launched in April 2018, Capital Rx has realized 3,000% year-over-year revenue growth, with customers including Philadelphia Federation of Teachers, The International Brotherhood of Teamsters and WoodForest Bank.

FinSMEs

16/07/2019

 

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