Smith Health
Latest round
- Series C
Last raised
- Nov 2023
Total raised
- $105M
Investors
- 8
About Smith Health
Smith Health, Inc.Founded in 2015 by Jake Frenz, Smith Health, Inc. operates from its headquarters in San Francisco, US.SmithRx offers a modern pharmacy benefit management (PBM) solution designed to provide employers and their members with transparent, affordable access to medications. The company's core product focuses on delivering clear pricing and significant drug savings while ensuring a seamless user experience through a single digital platform. This platform enables users, including employers and their employees, to manage prescriptions, access pharmacy cards, and utilize data insights for smarter benefit solutions. SmithRx primarily targets organizations in the United States, serving a diverse client base that includes over 500 brokers and third-party administrators.SmithRx engages in a business model that revolves around providing pharmacy benefits through direct partnerships with employers, brokers, and third-party administrators. These partnerships often involve B2B transactions where employers subscribe to the PBM services for their employee health plans. The company structures its revenue around service agreements that may involve fixed fees or a percentage of the drug savings achieved for clients, promoting a client-aligned approach to cost management.In November 2023, Smith Health, Inc. Future growth strategies include the development of new product offerings and expansion into new markets, as the company continues to refine its services to meet the needs of a broader client base.
Who invested in Smith Health
8 investors across 5 rounds
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Questions about Smith Health
Who invested in Smith Health?
Smith Health has 8 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 Smith Health raised?
Smith Health has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Smith Health last raise money?
Smith Health's most recent round on record is a Series C, in Nov 2023.
What does Smith Health do?
Smith Health is a internet company.
Where is Smith Health headquartered?
Smith Health is headquartered in San Francisco, US.
Which VCs invest in companies like Smith Health?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Smith Health's stage. Their profiles are linked below.
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