NowRx
Technology-driven, on-demand pharmacy providing free, same-day delivery
Overview
Raised: $3,635,310
Total Commitments ($USD)
Platform
SeedInvest
Start Date
08/27/2021
Close Date
10/05/2021
Min. Goal
$2,550,000
Max. Goal
$75,000,000
Min. Investment
$998
Security Type
Equity - Preferred
SEC Filing Type
Test the Waters
/ RegA+
Price Per Share
$10.85
Pre-Money Valuation
$275,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2021
Days Remaining
Funded
% of Min. Goal
143%
% of Max. Goal
5%
Likelihood of Max
Funded
Avg. Daily Raise
$93,213
# of Investors
906
Momentum
Funded
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Year Founded
2015
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Location
Mountain View, California
NowRx, with a valuation of $275 million, is testing the waters on SeedInvest. 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.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| NowRx | 05/20/2022 | SeedInvest | $275,000,000 | $30,006,323 | Equity - Preferred | Funded | RegA+ |
| NowRx | 10/05/2021 | SeedInvest | $275,000,000 | $3,635,310 | Equity - Preferred | Funded | Test the Waters / RegA+ |
| 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+ |
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