Digital pharmacy startups taking on industry giants CVS and Walgreens are securing sizable sums of money from investors, according to a FierceHealthcare report.
New York City-based Medly Pharmacy scored a $100 million series B funding round co-led by growth equity firm Volition Capital and venture capital firm Greycroft with participation of Horsley Bridge and Lerer Hippeau. Founded in 2017, Medly touts itself as a full-service pharmacy that provides on-demand, same-day prescription delivery and also validates and files insurance claims and works directly with patients to manage adherence to medication and refills.
