What is RxLive?
Founded in 2017 and based in St. Petersburg, Florida, RxLive operates a telehealth platform designed to connect patients with highly trained clinical pharmacists. The service facilitates in-depth discussions about medications, ensuring patients receive the right drug at the right time and at the right price. RxLive collaborates with providers, employers, and clinical labs, as well as directly with consumers, to optimize medication management and improve health outcomes. The company's focus on accessible and personalized pharmaceutical care positions it as a key player in the evolving healthcare landscape.
How much funding has RxLive raised?
RxLive has raised a total of $6.9M across 3 funding rounds:
Other Financing Round
$500K
Debt
$1.4M
Series A
$5M
Other Financing Round (2021): $500K with participation from Seedfunders
Debt (2021): $1.4M, investors not publicly disclosed
Series A (2022): $5M supported by Springtide Capital and Cardinal Health
Key Investors in RxLive
Seedfunders
Seedfunders is an angel investing organization that supports early-stage startups, particularly those in Florida with a focus on scalable technology models. They provide funding, mentorship, and guidance to help companies grow.
Springtide Capital
Springtide Capital is a UK-based mortgage broker offering expert advice and access to a wide range of lenders for residential and buy-to-let mortgages. They specialize in tailored mortgage solutions and related insurance products.
What's next for RxLive?
With its recent major strategic investment, RxLive is poised for significant scaling and further development of its telehealth capabilities. The company's ability to secure substantial backing indicates strong investor confidence in its business model and its potential to disrupt traditional pharmacy services. Future initiatives will likely focus on expanding its network of clinical pharmacists, enhancing its technology platform for broader reach, and forging new partnerships within the healthcare ecosystem. This strategic financing will be instrumental in driving RxLive's mission to improve medication adherence and patient outcomes nationwide.
See full RxLive company page
