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 in 2019.
Truepill’s mission is to put individuals first. They believe fundamentally that having open and accessible APIs for health care is critical to empower their partners to deliver world-class experiences.
This was reported by Forbes on July 8, 2020.
Contact information: Truepill, 3121 Diablo Avenue, Hayward, California 94545; 855-910-8606; Website: www.truepill.com
