RazorMetrics
Latest round
- Series A
Last raised
- Apr 2021
Total raised
- $6M
Investors
- 1
About RazorMetrics
Based in the US, RazorMetrics Inc.RazorMetrics Inc. is a company focused on pharmacy cost management, founded in 2018 and headquartered in Austin, US. The firm has undergone no pivots or major operational changes since its inception. The company was founded by Tom Dorsett, who has experience in leading other healthcare-related ventures.RazorMetrics offers a pharmacy cost containment platform that significantly reduces drug spending for employers, payors, and PBMs. The core of their service is RazorCodex™, an automated solution that integrates into prescribers' workflows, enhancing healthcare decisions and lowering medication costs. Utilizing artificial intelligence, the platform identifies and applies all available savings options, effectively managing the rising costs of pharmaceuticals.RazorMetrics operates on a B2B model through partnerships with healthcare organizations, such as employers and payors. Their financial model includes subscription agreements for access to RazorCodex™ and related services, allowing clients to benefit from continual updates and support. Implementation incurs no costs, and clients can expect a return on investment within the first year, with a guarantee of savings commencing within 120 days of deployment.In April 2021, RazorMetrics Inc. The company plans to enhance its product offerings and may explore new geographic markets, although specific regions have not been disclosed. Tom Dorsett will continue as CEO, leading the company through this growth phase.
Who invested in RazorMetrics
1 investor across 1 round
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Funding rounds
Series A
Apr 20, 2021
Amount
$6M
Investors
Questions about RazorMetrics
Who invested in RazorMetrics?
RazorMetrics has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has RazorMetrics raised?
RazorMetrics has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did RazorMetrics last raise money?
RazorMetrics's most recent round on record is a Series A, in Apr 2021.
What does RazorMetrics do?
Based in the US, RazorMetrics Inc.
Where is RazorMetrics headquartered?
RazorMetrics is headquartered in Austin, US.
Which VCs invest in companies like RazorMetrics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at RazorMetrics's stage. Their profiles are linked below.
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