Personalised delivery pharmacy raises $6m seed round
PillSorted, a personalised delivery pharmacy service, has raised $6 million in seed funding with the participation of Pear VC, Hoxton Ventures, Edison Partners and the founders of DoorDash.
The funding will be used to develop PillSorted’s product and expand its services within London and the UK.
Founded in 2019, PillSorted is a digital pharmacy that enables pharmacists to provide informed, holistic and predictive care through its technology and deliver NHS-wide efficiency improvements.
The healthtech startup has also begun trialling the service to support care workers as part of an ongoing integration with social care.
PillSorted’s team of data scientists plan on using smart algorithms to improve health outcomes and give better advice, cutting the cost of future medications and prioritising the wellbeing of patients.
Pepe Agell, partner at Pear VC, said: “At Pear VC, we’re thoroughly impressed with PillSorted’s determination to build the pharmacy of the future. PillSorted leverages technology to fulfil and deliver pharmacy products while creating personalised and human-focused experiences. It’s the blueprint for a future in which patients are consistently able to get the medicines they need at home before they need them.”
Hussein Kanji, partner at Hoxton Ventures, added:”We’re excited to team up with Pear VC and support PillSorted in its mission to build a scalable community pharmacy that can deliver efficient and personalised care for patients and customers.”
Zeinab Ardeshir, chief executive and co-founder of PillSorted, said: “In the same way that we can now get groceries delivered on-demand, I wanted to create a company that could play a similar role in providing essential medication. Not only does our service make medication deliveries easier for patients, but our pharmacists are also able to review medication regularly and ensure patients are getting the best care possible. I want PillSorted to play a role in providing preventative healthcare for the community, which is so important given the NHS staff shortages we’re currently seeing.”
Date published: April 27, 2022