NowRx (2017)
About this raise
NowRx, with a valuation of $6 million, is raising funds on SeedInvest. It is a pharmacy delivery solution that uses advanced technology to provide free same-day delivery for all prescription needs. NowRx’s on-demand delivery model offers convenience, higher worker productivity, and superior customer experience. The platform has filled thousands of prescriptions and served multiple customers since its launch. Cary Breese and Sumeet Shoekand founded NowRx in February 2015. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1 million. The campaign proceeds will be used for software, sales, and marketing.
Investment Overview
Invested : $209,230
Deal Terms
- Platform
- SeedInvest
- Start Date
- 04/04/2017
- Close Date
- 07/19/2017
$100,000
$1,000,000
$500
Convertible Note
Early Stage
RegCF
/ RegD 506(c)
$6,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Location
- Mountain View, California
- Company Website
-
Visit Website
Team
Financials
-
Revenue
-
$0
as of FY2016
- Monthly Burn
-
$48,620
as of FY2016
-
Runway
-
3.3 months
as of FY2016
- Gross Margin
-
18%
as of FY2016
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/20/2022 | SeedInvest | $275,000,000 | $30,006,323 | Equity - Preferred | Funded | RegA+ |
| 10/05/2021 | SeedInvest | $275,000,000 | $3,635,310 | Equity - Preferred | Funded | Test the Waters / RegA+ |
| 06/19/2020 | SeedInvest | $65,000,000 | $20,002,878 | Equity - Preferred | Funded | RegA+ |
| 06/30/2018 | SeedInvest | $20,000,000 | - | Equity - Preferred | Funded | RegA+ |
| 07/19/2017 | SeedInvest | $6,000,000 | $209,230 | Convertible Note | Funded | RegCF / RegD 506(c) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.