Alto Pharmacy Raises $200 Million

Alto Pharmacy (Alto), a digital pharmacy, raised approximately $200 million in an oversubscribed series E financing round led by returning investor Softbank Vision Fund. In the past year, the company has expanded to 12 markets across the United States. It has operations in California, Colorado, Nevada, New York, Texas, and Washington State.

Alto has built a seamless customer experience based on using technology plus expert pharmacists to reduce prices for customers, provide easy to access expert care, and free same-day delivery. Alto accepts most major insurance plans.

The benefits of this model were recently recognized by the New York . . .