Digital Pharmacy Truepill Raises $25 Million To Expand Telehealth Offerings

Truepill announced that it has raised $25 million from Optum Ventures (the venture fund of Optum Health), Initialized Capital, TI Platform Fund, Sound Ventures and others, bringing Truepill’s total funding to $39 million at a valuation estimated at nearly $300 million. With the new funds, Truepill is building out its infrastructure beyond its six pharmacy distribution centers with a capacity of roughly 100,000 prescriptions per day.

Truepill is seeking to add a new larger, fully automated distribution center, as the organization expands its telemedicine capabilities. The organization's revenue reached $48 million in 2018 and nearly $100 million . . .