What is PillPack?
Founded in 2013 and headquartered in Manchester, New Hampshire, PillPack operates as an e-commerce pharmacy within the United States. The company has established itself as a key player by offering a streamlined approach to prescription management and delivery, leveraging technology to enhance patient convenience and adherence. Its acquisition by Amazon Pharmacy signifies a major consolidation within the online pharmacy sector, highlighting the strategic importance of integrated healthcare solutions.
How much funding has PillPack raised?
PillPack has raised a total of $117.8M across 5 funding rounds:
Other Financing Round
$550K
Series A
$3.5M
Series B
$8.8M
Series C
$50M
Series D
$55M
Other Financing Round (2013): $550K with participation from BoxGroup, Lucy McQuilken, Andy Palmer, Techstars, and Sridhar Iyengar
Series A (2013): $3.5M led by Lucy McQuilken, Zen Chu, Andy Palmer, Atlas Ventures, IDEO, Techstars, Sridhar Iyengar, BoxGroup, and Lucy McAllister
Series B (2014): $8.8M supported by High Line Venture Partners, Accel Partners, and QueensBridge Venture Partners
Series C (2015): $50M featuring Cherry Tree Investments, Menlo Ventures, Accomplice VC, and Accel
Series D (2016): $55M backed by Accel, Cherry Tree Investments, Menlo Ventures, Astral Capital, and Accomplice VC
Key Investors in PillPack
Accel
Accel Inc. is a leading contract packaging company based in Columbus, Ohio, specializing in copacking and assembly services since 1995. They offer a wide range of packaging solutions including blister, gift sets, rigid boxes, and shrink wrap, catering to industries such as food, cosmetics, personal care, and healthcare. With a focus on quality, engineering innovation, and scalable operations, Accel Inc. aims to transform product visions into captivating packaged goods. Their commitment to diversity and inclusion ensures a flexible labor model that meets the unique needs of each project.
Menlo Ventures
Menlo Ventures is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer internet, fintech, infrastructure, and frontier tech, typically taking board roles and partnering with founders through multiple stages of scale.
Accomplice VC
Accomplice and Jump Capital is a venture capital firm. They invests in technology startup companies. The company is based in Massachusetts, United States.
What's next for PillPack?
With substantial backing and its integration into Amazon's vast ecosystem, PillPack is poised for accelerated growth and expanded service offerings. The company's future trajectory will likely involve further leveraging technology to optimize prescription fulfillment, enhance patient engagement, and potentially integrate with broader telehealth and chronic care management platforms. This strategic positioning suggests a continued focus on innovation within the digital pharmacy space, aiming to redefine how consumers access and manage their medications.
See full PillPack company page
