How Much Did Charac Raise?
Funding & Key Investors

Charac has secured $2.7M in total funding, with its most recent financing round bringing in $1.5M in a major strategic investment. This significant capital infusion underscores the company's progress in the enterprise-level funding landscape.

What is Charac?

Charac
SoftwareHealthcare SoftwareCustomer Engagement Platforms

Founded in 2020 and headquartered in Lutterworth, Leicestershire, Charac has developed and integrated a pioneering Patient Relationship Management system specifically for pharmacies. This platform, approved by the NHS and integrated with electronic prescription services, enhances the community pharmacy's role by enabling appointment management for video or phone consultations and facilitating prescription re-ordering via a dedicated app. The system complements existing pharmacy operations, aiming to improve patient engagement and streamline healthcare delivery.

How much funding has Charac raised?

Charac has raised a total of $2.7M across 2 funding rounds:

2022

Unspecified

$1.2M

2023

Debt

$1.5M

Unspecified (2022): $1.2M, investors not publicly disclosed

Debt (2023): $1.5M led by National Pharmacy Association

Key Investors in Charac

National Pharmacy Association

The National Pharmacy Association (NPA) is a key supporter of UK pharmacies, providing insurance services and business support. Their involvement suggests a strategic alignment with enhancing pharmacy operations and patient care through technology.

What's next for Charac?

The recent major strategic investment signals a pivotal growth phase for Charac. This backing is expected to fuel further development of its pharmacy-focused Patient Relationship Management system, potentially expanding its reach within the NHS framework and beyond. The company's focus on integrating technology with essential community pharmacy services positions it for significant scaling and market penetration in the digital health sector.

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Frequently Asked Questions Regarding Charac Financial Insights

What are the most recent funding rounds that Charac has completed, and what were the funding rounds?
Charac has recently completed 2 funding rounds: Debt on Sep 11, 2023, Unspecified on Jun 28, 2022.
What is the total amount of funding Charac has raised to date?
Charac has raised a total of $2.7M in funding to date.
How many funding rounds has Charac completed?
Charac has completed 2 funding rounds.
How much funding did Charac raise in its most recent funding round?
Charac raised $1.5M in its most recent funding round.
Who are the lead investors in Charac's latest funding round?
The lead investor in Charac's latest funding round was National Pharmacy Association. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Charac's history?
The largest funding round in Charac's history was $1.5M.
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