VendRx
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- $0.1M
Investors
- 1
About VendRx
VendRx Inc.Founded in 2011 and headquartered in Mission Viejo, US, VendRx Inc. provides a unique solution for prescription fulfillment.VendRx delivers innovative prescription fulfillment services designed to enhance the efficiency and accessibility of medication dispensing for pharmacies and healthcare prescribers. Their core offerings include an automated system that allows prescribers to dispense medications directly to patients at the point of care, leveraging full supply chain visibility from order to dispense. This solution aims to address significant issues in the current fulfillment experience, including prescription non-adherence and limited pharmacy access, which affect millions of patients. VendRx's services cater to a diverse clientele, including healthcare providers and pharmacies, primarily in the United States, while also exploring opportunities in international markets.VendRx operates through a business-to-business model, primarily serving healthcare providers and pharmacies that seek to streamline their prescription fulfillment processes. Revenue generation occurs through partnerships where prescribers can access wholesale pharmacy pricing and dispense medications with minimal workflow changes. The company structures its transactions around subscription models for software use, alongside fee arrangements for the deployment of their automated dispensing solutions. These offerings enhance patient satisfaction and retention, thereby increasing the potential for additional revenue streams for pharmacies. The company is in the process of designing additional automated dispensing solutions, with an eye on launching these products within the next year. Furthermore, VendRx aims to penetrate international markets over the next two years, focusing on regions with high demand for improved prescription fulfillment services.
Who invested in VendRx
1 investor across 1 round
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Funding rounds
Seed
Mar 30, 2018
Amount
$0.1M
Investors
Questions about VendRx
Who invested in VendRx?
VendRx 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 VendRx raised?
VendRx has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did VendRx last raise money?
VendRx's most recent round on record is a Seed, in Mar 2018.
What does VendRx do?
VendRx is a healthcare it company.
Where is VendRx headquartered?
VendRx is headquartered in Mission Viejo, US.
Which VCs invest in companies like VendRx?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at VendRx's stage. Their profiles are linked below.
VCs backing healthcare it startups at Seed
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