PocketPills Closes $7.35M Series A Funding Round


PocketPills, a Toronto, Canada-based full-service digital pharmacy that delivers medication directly to patients, raised $7.35m in Series A funding.

The round was led by a large Canadian family office and Waterbridge Ventures.

The company intends to use the funds for technological developments that will improve features such as AI-driven health coaching and integration with the digital healthcare ecosystem such as telemedicine companies, HSA providers and HR software vendors, to introduce same-day delivery in metropolitan areas, and launch additional distribution centers.

Launched in 2018, PocketPills combines technology and personalized service to improve the way prescriptions are filled, delivered, and managed. Established by two pharmacists and an engineer in 2018, PocketPills provides an online platform that allows members to access the pharmacy whenever they want, wherever they are. Its model sees distribution centre staff filling prescriptions, allowing pharmacists to return to the forefront of care, spending all of their time driving pharmacist-led interventions and providing patient consultations. The company has already expanded across Canada.



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