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 . . .

Want To Read More? Log In Or Become A Free Member
Resource Available For All OPEN MINDS Circle Members
If you are already a member, log in to your account to access this resource and more.

You can become a free member and get access now. Learn more about the OPEN MINDS Circle Market Intelligence Service Membership. Reach out to our team at info@openminds.com, or call us at 877-350-6463.

A Paid OPEN MINDS Circle Membership provides unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!

Market Watch

A snapshot of what’s happening across the industry—a one-stop source for key developments across policy and regulatory changes, service and treatment innovations, technological advancements, industry recognition and accreditation, mergers and acquisitions, leadership shifts, and more.

Filter Options

  • By Categories
  • By Date Range
  • Sort Date By
  • Results Per Page
Clear Filters

  • This field is for validation purposes and should be left unchanged.
  • Max. file size: 98 MB.