SmithRx

Radically transparent pharmacy benefits.

General Information
Company Name
SmithRx
Founded Year
2016
Location (Offices)
San Francisco, United States +3
Founders / Decision Makers
Number of Employees
409
Industries
Health Care, Information Technology, Pharmaceutical
Funding Stage
Series C
Social Media

SmithRx - Company Profile

SmithRx is a disruptive force in the pharmacy benefits management industry. Founded in 2016, the startup's mission is clear - to reduce the cost and complexity of pharmacy benefits for America's employers and patients. The company's transparent, pass-through model, independent of insurance companies and pharmacies, ensures that its incentives are 100% aligned with its customers. This commitment to transparency and customer-centricity has attracted a $60.00M Series C investment from Venrock on 23 January 2024. SmithRx's innovative approach, underpinned by modern technology and cost-saving programs, aligns with current industry pain points, positioning it as a formidable contender in the Health Care, Information Technology, and Pharmaceutical industries. In a market dominated by overly complex monopolies, SmithRx stands out as a beacon of integrity and efficiency, offering hope for a more streamlined and cost-effective future in pharmacy benefits management.

Taxonomy: Pharmacy Benefit Management, Healthcare IT, Technology Platform, Transparent PBM, Cost Savings, Employer Healthcare, Self-Insured Employers, Healthcare Cost Reduction, Enterprise SaaS, Pharmaceuticals, Drug Cost Management

Funding Rounds & Investors of SmithRx (7)

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Funding Stage Amount No. Investors Investors Date
Series C $60.00M 1 23 Jan 2024
Series B $27.16M 4 Zachary Hargreaves 10 Mar 2022
Series A Unknown 1 Konstantin von Unger 03 Jan 2021
Series A Unknown 1 01 Dec 2019
Series A $5.50M 6 31 Jul 2018

View All 7 Funding Rounds

Latest News of SmithRx

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No recent news or press coverage available for SmithRx.

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