# VendRx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vendrx

- Industry: Healthcare IT
- Headquarters: Mission Viejo, US
- Website: www.vendrx.net
- Total disclosed funding: $0.1M
- Latest round: Seed (Mar 30, 2018)
- Investors on record: 1

## About

VendRx Inc. specializes in innovative prescription fulfillment services that enhance medication dispensing efficiency for pharmacies and healthcare providers, addressing prescription adherence and access issues.Founded in 2011 and headquartered in Mission Viejo, US, VendRx Inc. provides a unique solution for prescription fulfillment. The company has raised a total amount of USD 150,000 through a Seed funding round led by Jumpstart Health Investors on March 30, 2018. The firm has completed 2 deals to date.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. By facilitating immediate self-checkout for patients post-consultation and providing alternative delivery methods, VendRx ensures that medications are available when and where patients need them.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. By focusing on efficiency and streamlined operations, VendRx aims to create a financially sustainable ecosystem that benefits both healthcare providers and patients through improved medication access and adherence.VendRx plans to utilize the recent Seed funding of USD 150,000 to support its initiatives aimed at enhancing its product offerings and expanding into new geographical markets. 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.

## Funding rounds

- Seed, Mar 30, 2018, $0.1M — Jumpstart Health Investors

## Investors

- Jumpstart Health Investors (https://capitalatlas.ai/funds/jumpstart-health-investors) — Seed