What is PatchRx?
PatchRx is dedicated to revolutionizing the patient experience with prescription medications by offering a smarter, more connected way to manage adherence. The company has developed a smart pill bottle cap that syncs with a patient's smartphone, providing timely reminders and tracking to ensure medications are taken correctly. Complementing this hardware is a robust software platform designed for compatibility at the provider level, empowering physicians and care teams nationwide to monitor patient progress and promote better health outcomes. PatchRx aims to alleviate the burden of medication management for individuals while enhancing the efficacy of care plans.
How much funding has PatchRx raised?
PatchRx has raised a total of $8M across 1 funding round:
Other Financing Round
$8M
Other Financing Round (2023): $8M with participation from Cortado Ventures, Atento Capital, Vast Ventures, and Forum Ventures
Key Investors in PatchRx
Cortado Ventures
Cortado Ventures is an investment firm focused on seed-stage frontier tech companies, particularly those transforming legacy industries in America's Midcontinent Region. They partner with experienced founders to drive change through innovative solutions in sectors like energy, healthcare, and manufacturing.
Atento Capital
Atento Capital is a venture capital firm dedicated to providing financial, human, and social capital to early-stage founders, with a focus on supporting entrepreneurs willing to relocate to Tulsa, Oklahoma. They leverage extensive networks to connect founders with essential resources and strategic guidance.
Vast Ventures
Vast Ventures is a manifesto-driven venture fund that invests in disruptive companies aimed at creating a global impact, focusing on improving worldwide health and happiness, resource sustainability, and human potential.
What's next for PatchRx?
With the recent influx of major strategic investment, PatchRx is poised for accelerated growth and further development of its medication management ecosystem. This enterprise-level backing suggests a focus on scaling operations, expanding market reach, and potentially enhancing the technological capabilities of its smart pill bottle and associated software. The company's trajectory indicates a commitment to solidifying its position in the digital health sector, with future initiatives likely centered on deepening provider integration and broadening patient access to its innovative solutions.
See full PatchRx company page
