# Zipdrug

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

- Industry: Healthcare IT
- Headquarters: Jersey City, US
- Website: www.zipdrug.com
- Total disclosed funding: $2.6M
- Latest round: Seed (Jul 14, 2017)
- Investors on record: 8

## About

Zipdrug Inc. is a pharmacy benefit management company that streamlines the prescription process for patients by enhancing medication access and affordability through innovative solutions.Founded in 2015 and headquartered in Jersey City, US, Zipdrug Inc. operates within the pharmacy benefit management sector. The company was acquired by IngenioRx in July 2020 for an undisclosed amount. Zipdrug has executed a total of 5 deals since inception, with its most recent deal occurring on July 6, 2020. It has raised USD 10.80 mn in total across its funding rounds, with the latest funding round yielding USD 10.80 mn from investors including Compound Ventures, Lux Capital, Neu Venture Capital, Notation, Runa Capital, Third Prime Capital, and iSeed Ventures.Zipdrug Inc. specializes in innovative pharmacy solutions aimed at enhancing healthcare outcomes while controlling costs. Its core offerings combine clinical insights with pharmacy expertise, focusing on affordability and value for members. Key features include a comprehensive member outreach program designed to secure USD 0 copay assistance for specialty medications, in addition to prescription discounts on various generic and non-covered medications. The company emphasizes a digital-first approach to pharmacy care, identifying gaps in care to promote medication adherence and ensure safety and compliance while serving health plans, employers, and individual members across the United States.Zipdrug Inc. operates under a revenue model that relies on partnerships and direct service agreements with health plans and employers. Revenue is generated through structured agreements encompassing various pharmacy care services, utilizing fee-for-service arrangements or subscription-based models. Clients benefit from tailored solutions that can lead to considerable savings on medication costs, while Zipdrug focuses on enhancing the member experience through specialty pharmacy services and medication management, including convenient medication delivery and adherence support.Zipdrug Inc. aims to expand its product offerings and enhance its market presence in the coming years. With the recent funding round of USD 10.80 mn, the company plans to invest in developing new pharmacy solutions and growing its outreach programs. Specific targeted markets for expansion include underserved regions within the United States, with plans to establish a presence there by 2023. The acquisition by IngenioRx positions Zipdrug for strategic growth and access to broader resources for these initiatives.

## Funding rounds

- Seed, Jul 14, 2017 — iSeed Ventures
- Seed, Nov 17, 2015, $2M — Montage Capital, Lux Capital, Compound Ventures, Collaborative Fund, MESA+
- Seed, Jul 16, 2015, $0.6M — Collaborative Fund, Red Sea Ventures, Notation

## Investors

- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Seed
- Red Sea Ventures (https://capitalatlas.ai/funds/red-sea-ventures) — Seed
- Notation (https://capitalatlas.ai/funds/notation) — Seed
- Montage Capital — Seed
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Seed
- MESA+ (https://capitalatlas.ai/funds/mesa) — Seed
- iSeed Ventures (https://capitalatlas.ai/funds/iseed-ventures) — Seed