Propel Network
Latest round
- Series C
Last raised
- Aug 2020
Total raised
- $96M
Investors
- 11
About Propel Network
Founded in 2015, Propel Network, LLC operates Nurx™, a telehealth platform that specializes in women's healthcare services. The company is headquartered in San Francisco, US. The CEO, Varsha Rao, leads the company, which has completed 7 deals as of August 2020.Nurx™ specializes in providing comprehensive, specialty-level healthcare services tailored specifically for women, delivered entirely online. Their core offerings include a range of reproductive health services such as over 50 types of birth control options, weight management solutions, dermatological treatments for anti-aging and acne, as well as mental health care targeting issues like anxiety and depression. With a user-friendly online platform, patients complete a medical consultation that evaluates their health history and treatment goals, allowing licensed providers to prescribe appropriate medications. This service model is particularly beneficial for women navigating various life phases, making healthcare more accessible and less stigmatized.Nurx generates revenue primarily through a subscription-based model for its healthcare services, which includes a monthly or quarterly billing structure for medications and consultations. Clients typically pay for their subscription, which may include an initial consultation fee, a periodic support fee, and a monthly care fee for certain services. The company's offerings encompass a range of flagship products, including various birth control methods and dermatological treatments, which are prescribed following an online consultation. The flexibility of their business model allows for both insured and uninsured patients to access their services, ensuring affordability. Additionally, the company plans to explore market expansion into new geographic regions, with specific areas targeted for growth by the end of 2021. These initiatives are aimed at increasing access to their online services and enhancing the overall patient experience.
Who invested in Propel Network
11 investors across 5 rounds
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Questions about Propel Network
Who invested in Propel Network?
Propel Network has 11 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Propel Network raised?
Propel Network has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Propel Network last raise money?
Propel Network's most recent round on record is a Series C, in Aug 2020.
What does Propel Network do?
Founded in 2015, Propel Network, LLC operates Nurx™, a telehealth platform that specializes in women's healthcare services.
Where is Propel Network headquartered?
Propel Network is headquartered in San Francisco, US.
Which VCs invest in companies like Propel Network?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back pharmaceuticals companies at Propel Network's stage. Their profiles are linked below.
VCs backing pharmaceuticals startups at Series C
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