PocketPills raises $30 million Series B amid continued demand for virtual healthcare solutions
PocketPills, a Surrey, British Columbia-based digital pharmacy startup, has closed a $30 million CAD Series B round of funding.
The all-equity round was led by Telus Ventures, with participation from previous investor WaterBridge Ventures and undisclosed large family offices. The company did not respond by time of publication to details about the currency of the financing, equity to debt breakdown of the round or whether any secondary capital was involved.
The startup claimed to see increased growth due to COVID-19, as patients opted for contactless solutions.
Founded in 2018, PocketPill’s platform allows patients to fill and manage prescription medications online, keep a record of their medication history, and find the cost of a prescription before they fill it. The startup uses artificial intelligence (AI) to predict instances of new diseases by using data, such as