PillPack hits $93.5 million in funding with latest cash infusion
$31.1 million raised as company continues to grow
PillPack, the fast-growing home-delivery pharmacy company with corporate offices in Manchester, NH, and Somerville, Mass., says it has raised another $31.1 million from investors.
The latest cash infusion, revealed in a filing with the Securities and Exchange Commission, means the company has now raised some $93.5 million since its 2013 founding.
In the last year, it has grown substantially by building retail pharmacies across the U.S. Its service is now available in 49 states.
The company's existing investors include CRV, Accel Partners, Atlas Venture, Menlo Ventures, and Sherpa Ventures.
PillPack, which has a pharmacy and distribution center in New Hampshire that employs over 200 people, delivers medications in recyclable plastic specific-dose dispensers with the goal of making it easier for customers to keep track of their medication schedules.
In April, the company said it planned to add 100 more jobs at its Manchester facility by year’s end.