NowRx to launch high-tech micro-fulfilment centers with new proprietary technology
NowRx, a Mountain View, Calif.-based technology-enabled pharmacy, completed a $20m Series B funding round.
The round, which brought total funding to $30m, was led through SeedInvest.com, a Regulation A+ crowdfunding platform.
The company intends to use the funds to launch more high-tech micro-fulfilment centers to bring free same-day prescription medication delivery to customers in additional territories and to accelerate the technology roadmap for its proprietary pharmacy management software and logistics technology.
Led by CEO and co-founder Cary Breese, NowRx is a technology-enabled pharmacy, that uses proprietary pharmacy software and last-mile logistics to provide same-day and same-hour delivery of prescription medications. The company creates micro-fulfilment centers with proprietary technology and low overhead to provide free same-day delivery. Its proprietary pharmacy management software technology, QuickFill (v3.5), was built to streamline and simplify prescription fulfillment and delivery while reducing costs and improving customer service. QuickFill was recently certified by Surescripts Health Alliance Network, which unifies electronic health records (EHR) vendors, pharmacy benefit managers (PBMs), pharmacies, clinicians and health plans and connects it to more than 1.5 million physicians across the U.S. The technology suite includes both a consumer app that provides customers with control over their prescriptions as they are being processed, as well as Wheelz, the driver app that coordinates delivery by NowRx’s HIPAA-trained drivers, enables delivery signatures and transactions, and tracks deliveries in real-time through GPS. QuickFill technology also incorporates end-to-end robotic dispensing.
NowRx recently opened one of its high-tech micro-fulfilment facilities in Burlingame, its fourth in California, and has received its pharmacy permit to operate another facility in Arizona.
The company has delivered over 200,000 prescriptions to more than 28,000 customers.
