Rightway Raises $155 Million As It Leads The Next Generation Of Pharmacy Benefits

Rightway, a pharmacy benefit management (PBM) and care navigation company, announced that it raised $155 million in Series E financing. Francisco Partners led the round, with participation from existing investors Thrive Capital and Khosla Ventures. Rightway said it will use the funding to expand its artificial intelligence (AI) capabilities and develop the technology behind its pharmacy benefits model.

Rightway cited rising health care costs and prescription drug spending as factors affecting employers. It said prescription drug spending among large U.S. employers increased 9.4% in 2025, compared with a 6% increase in overall health benefit costs. The company said . . .