The Social Medwork
Latest round
- Seed
Last raised
- Oct 2018
Total raised
- $1.7M
Investors
- 1
About The Social Medwork
Founded in 2015 in the Netherlands, The Social Medwork BV assists patients in acquiring medications not accessible domestically.The Social Medwork BV specializes in providing access to medicines that are unavailable in a patient's home country. Their core offering facilitates the acquisition of pharmaceuticals, including newly approved drugs, for patients who cannot wait for local regulatory approvals. The company operates by allowing a patient's doctor to prescribe medications that are not yet accessible domestically. Upon receiving the prescription, The Social Medwork BV assists in the procurement process, handling necessary paperwork and providing estimated costs while ensuring the medication is delivered promptly.The Social Medwork BV generates revenue through direct transactions with patients and healthcare providers seeking to obtain medications not available locally. The business model is structured around a fee-for-service approach, where patients pay for the procurement services, which may include handling of prescriptions, paperwork, and shipping logistics. Revenue streams can include one-time transaction fees for individual medication requests, as well as potential partnerships with healthcare organizations requiring ongoing access to specific treatments for their patients. The company emphasizes transparency in its pricing, ensuring that patients are informed of costs before confirming orders.7 mn completed in October 2018, The Social Medwork BV plans to utilize the funds to strengthen and scale-up its systems, recruit new staff, and enhance its service capabilities to assist a larger number of patients. The company is focusing on expanding its operations into new markets across Europe, the Middle East, and Asia, aiming to reach these regions by 2021. This strategic initiative is expected to broaden their patient base significantly and improve access to essential medications.
Who invested in The Social Medwork
1 investor across 1 round
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Funding rounds
Seed
Oct 3, 2018
Amount
$1.7M
Investors
Questions about The Social Medwork
Who invested in The Social Medwork?
The Social Medwork 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 The Social Medwork raised?
The Social Medwork has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did The Social Medwork last raise money?
The Social Medwork's most recent round on record is a Seed, in Oct 2018.
What does The Social Medwork do?
Founded in 2015 in the Netherlands, The Social Medwork BV assists patients in acquiring medications not accessible domestically.
Where is The Social Medwork headquartered?
The Social Medwork is headquartered in Netherlands.
Which VCs invest in companies like The Social Medwork?
Among active investors with capital left to deploy, Index Ventures, Forbion, Balderton Capital and Sofinnova Partners back healthcare companies at The Social Medwork's stage. Their profiles are linked below.
VCs backing healthcare startups at Seed
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