NowRx

Technology-driven, on-demand pharmacy providing free, same-day delivery

Analytics

Raised to Date: Raised: $7,390,310

Aggregate Commitments $

Platform

SeedInvest

Start Date

10/05/2021

Close Date

01/05/2022

Min. Goal

$2,550,000

Max. Goal

$75,000,000

Min. Investment

$998

Security Type

Equity - Preferred

Funding Type

RegA+

Series

Series C

Pre-Money Valuation

$275,000,000

Rolling Commitments $

Status

Active

Reporting Date

10/27/2021

Days Remaining

70

% of Min. Goal

290%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$335,923

Momentum
cool
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Mountain View, California

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

NowRx, with a valuation of $275 million, is raising funds on SeedInvest through Reg A+ crowdfunding. The digital health platform provides both same-day delivery of medicines and telehealth services through its software and robotics. The pharmacy management and logistics system of NowRx, QuickFill, offers online prescribing, free same-day prescription delivery, insurance approval, payment assistance, and live customer service. NowRx generated $13.4 million in revenue in 2020 and reached $9.79 in revenue in the first half of 2021. Cary Breese and Sumeet Shoekand founded NowRx in 2015. The current crowdfunding campaign has a minimum target of $2,550,000 and a maximum target of $75,000,000. The campaign proceeds will be used for research and development, growth into new geographical regions, and expansion of operations to meet increasing consumer demand.

Balance Sheet

Cash and Cash Equivalents

$8,873,706

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$1,156,705

Loans

$0

Property, Plant and Equipment (PP&E)

$3,523,794

Property and Equipment

$0

Total Assets

$13,554,205

Accounts Payable & Accrued Liabilities

$2,567,665

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$1,939,638

Total Liabilities

$4,507,303

Total Stockholders' Equity

$9,046,902

Total Liabilities and Equity

$13,554,205

Statement of Comprehensive Income Information

Total Revenues

$13,414,400

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$11,932,203

Total Interest Expenses

$0

Depreciation and Amortization

$126,903

Net Income

$-10,423,845

Earnings Per Share - Basic

$-1

Earnings Per Share - Diluted

$-1

Auditor: Fruci & Associates II, PLLC
Financials as of: 10/05/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
NowRx 01/05/2022 SeedInvest $275,000,000 $7,390,310 Equity - Preferred Active RegA+
NowRx 10/05/2021 SeedInvest $275,000,000 $3,635,310 Equity - Preferred Funded Test the Waters
NowRx 06/19/2020 SeedInvest $65,000,000 $20,002,878 Equity - Preferred Funded RegA+
NowRx 06/30/2018 SeedInvest $20,000,000 $0 Equity - Preferred Funded RegA+
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Ratings

Analyst Report

Other Deals

Responsum Health on Republic 2021

The company has created free and disease-specific apps to provide support and knowledge to people with chronic conditions. The apps…

Valuation Cap: $4,500,000
Min Investment: $100
Industry: Healthcare & Pharmaceuticals
Raised $52,826 of $1,070,000 max
RegCF

Koning on Republic 2021

The Koning Breast CT creates high-contrast 3D breast images with high spatial resolution and no painful compression. Dr. Ruola Ning…

Valuation Cap: $200,000,000
Min Investment: $100
Industry: Healthcare & Pharmaceuticals
Raised $662,524 of $5,000,000 max
RegCF

SelfDecode on Wefunder 2021

The company has developed an AI-based platform that analyses DNA, labs, and the environment to provide personalized health recommendations. The…

Valuation: $34,948,219
Min Investment: $100
Industry: Healthcare & Pharmaceuticals
Raised $1,085,030 of $1,069,999 max
RegCF

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
NowRx on SeedInvest 2021
$
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $275,000,000
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow NowRx on SeedInvest 2021