Funding

Capsule Raising $200 Million to Deliver Drugs Outside of NYC

Posted on Author Editor Comments Off on Capsule Raising $200 Million to Deliver Drugs Outside of NYC

Capsule, an online pharmacy that delivers prescriptions anywhere in the New York metro area, has raised $200 million in fresh funding according to Bloomberg that will help the company expand across the U.S.

The funding was led by venture capital firm TCV and Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. The company has previously raised $70 million.

Capsule CEO and founder Eric Kinariwala told Bloomberg the company will expand to all major U.S. cities within the next 18 to 36 months.

The company has headquarters at 113 W. 25th St. in Manhattan and lets anyone order their prescriptions via a convenient app. Prescriptions can then be delivered to home, office or anywhere else in NYC within the same day.

The service is free and users just have to pay any applicable co-pays for medication.

Capsule offers delivery from 8AM-10PM Monday to Friday and Saturday-Sunday 10AM-6PM.

 

 

Editor

Related Articles
Funding

Laika Lands $50 Million Series C

Posted on Author Editor

NEW YORK — Laika, which operates a compliance platform for large businesses, has closed $50 million in Series C funding led by Fin Capital, with participation from new investor Centana Growth Partners as well as existing investors, including J.P. Morgan Growth Equity Partners, Canapi, and ThirdPrime. The new funding will support Laika’s continued product development and accelerating sales, marketing, and strategic […]
Funding

Kettlebell Kitchen Delivers $26.7 Million Investment

Posted on Author Editor

NEW YORK — Healthy food delivery service Kettlebell Kitchen has closed on a $26.7 million Series B growth equity round of financing led by North Castle Partners, a Greenwich-based private equity firm focused on consumer businesses that promote healthy, active and sustainable living. Kettlebell Kitchen is a nationwide provider of healthy prepared meals and custom […]
Funding

Co-Working Company Daybase Closes $9.6 Million Seed Round

Posted on Author Editor

NEW YORK — Daybase, a provider of co-working spaces, has closed on a $9.6 million seed funding round. This  financing will enable further development of the company’s growing network of on-demand, professional-grade coworking locations in residential areas, along with new tools to support hybrid workers and companies. The funding round was led by True Ventures and included […]