Medly Pharmacy Raises $100M in Series B Funding


Medly Pharmacy, a NYC-based full-service digital pharmacy, closed its $100M Series B funding.

The round was co-led by Volition Capital and seed-to-growth venture capital firm Greycroft with participation from Horsley Bridge and Lerer Hippeau.

The company intends to use the funds to expand its platform and enter new markets.

Founded in 2017 by second-generation pharmacy owners Marg and Sahaj Patel, Medly is a digital pharmacy providing that offers free same-day prescription delivery from its branded physical retail locations, which also accommodate walk-in patients. Medly enables customers to schedule their own delivery window, consult with pharmacists, and manage their prescriptions directly from a desktop or mobile app. It has 15,000 providers, 50,000 patients and has delivered over 500,000 prescriptions to date.



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