Our mission at SmithRx is to reduce pharmacy costs for America’s employers and patients.
Dysfunctional PBMs are the prime source of inflated pharmacy costs, and we seek to achieve our mission by reimagining the PBM as a Drug Acquisition Platform built on modern technology, constantly seeking out and acquiring the lowest cost drugs for our clients.
We pursue this mission with total transparency and full alignment with our clients. Get in touch with us to today to learn how to save on your pharmacy spend!
https://www.smithrx.com.
Dysfunctional PBMs are the prime source of inflated pharmacy costs, and we seek to achieve our mission by reimagining the PBM as a Drug Acquisition Platform built on modern technology, constantly seeking out and acquiring the lowest cost drugs for our clients.
We pursue this mission with total transparency and full alignment with our clients. Get in touch with us to today to learn how to save on your pharmacy spend!
https://www.smithrx.com.
Employees: 51-200
Total raised: $89M
Valuation: $100M
Founded date: 2016
Investors 7
| Date | Name | Website |
| - | Four Citie... | fourcities... |
| - | Catapult V... | catapultvc... |
| - | GREAT OAKS... | greatoaksv... |
| - | Great Oaks... | great-oaks... |
| - | W Ventures | wventures.... |
| - | BoxGroup | boxgroup.c... |
| - | Blumberg C... | blumbergca... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 24.01.2024 | Series C | $60M | - |
| 15.03.2022 | Series B | $20M | - |
| 16.01.2018 | Series A | $9M | - |
Mentions in press and media 11
| Date | Title | Description |
| 24.01.2024 | SmithRx Closes $60M in Series C Funding | SmithRx, a San Francisco, CA-based pharmacy benefits management (PBM) company, raised $60M in Series C funding. The round was led by Venrock. Led by Jake Frenz, Founder and CEO, SmithRx is working to reduce complexity and cost by building a... |
| 11.03.2022 | SmithRx Announces $20 Million Series B | SAN FRANCISCO, CA, SmithRx, a pharmacy benefits management company, announced the closing of a $20 million series B financing round led by Venrock. >> Click here for more funding data on SmithRx >> To export SmithRx funding ... |
| 11.03.2022 | Tech-backed PBM SmithRx scores $20M and more digital health fundings | Photo: filadendron/Getty Images |
| 26.08.2019 | Presight Capital raises $80M fund to connect US startups with Europe | Presight Capital, the international venture arm of Apeiron Investment Group, is announcing that it’s closed its first fund of $80 million. Apeiron is the family office of German entrepreneur Christian Angermayer (pictured above), who previo... |
| 16.01.2018 | Term Sheet — Tuesday, January 16 | CRYPTO ROADBLOCKS Good morning, Term Sheet readers. Paid Content You can't secure what you can't see From ExtraHop Metropolitan Bank Holding Corp, which is used by cryptocurrency companies and investment firms for wire transfers and deposit... |
| 16.01.2018 | SmithRx snags $9M Series A | Application Software | San Francisco, CA | Series A Founders Fund has led the investment in SmithRx, a pharmacy benefit manager that was founded in 2016. Investors Founders Fund (lead), Blumberg Capital, BoxGroup, Great Oaks Venture Capital... |
| 15.01.2018 | Next generation pharmacy benefit partner startup SmithRx raises $9 million to change the way pharmacy benefits are managed. | San Francisco-based technology company and Pharmacy Benefit Manager (PBM) startup, SmithRx, has raised $9 million in Series A funding, the company announced. The investment round was led by Founders Fund with participation from Blumberg Cap... |
| 12.01.2018 | SmithRx Raises $9M in Series A Funding | SAN FRANCISCO, CA, Technology company and Pharmacy Benefit Manager (PBM), today announced that it has secured $9 million in Series A funding, led by Founders Fund. >> Click here for more funding data on SmithRx >> To export ... |
| 11.01.2018 | SmithRx Raises $9M in Series A Funding | SmithRx, a San Francisco, CA-based technology company and Pharmacy Benefit Manager (PBM), secured $9m in Series A funding. The round was led by Founders Fund with participation from Blumberg Capital, NextGen Venture Partners, Box Group, and... |
| - | SmithRx: Pharmacy Benefits Management Company Raises $60 MIllion | SmithRx – a next-generation pharmacy benefits management (PBM) company – announced it closed a $60 million Series C financing round. This builds on the company’s $20 million Series B round raised in 2022. Led by Venrock, the latest funding ... |
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