NowRx is a digital pharmacy providing medication delivery and telemedicine services. The company launched its telehealth service, NowRx Telehealth, in March 2021 to provide an end-to-end solution allowing patients to consult a doctor and receive prescription medicine via mobile app.
The company initiated its telehealth offerings with NowPrE which uses an asynchronous approach to obtain patient information and is followed up with a free physician assessment to determine if a prescription for HIV prevention medication Pre-Exposure Prophylaxis (PrEP) is required. NowRx plans to introduce a range of other telemedicine services through its platform covering dermatology, anxiety and depression treatment, fertility care, diabetes and cholesterol medications, as well as men’s and women’s health.
Founded in 2015, California-based NowRx uses proprietary pharmacy software and AI-driven last-mile logistics to provide free same-day delivery of prescription medications. The company delivered more than 365,000 prescriptions to nearly 35,000 users across its eight locations between August 2020 and September 2021.
Funding and financials
In May 2022, the company raised USD 23 million in a Series C equity crowdfunding round on the leading equity crowdfunding platform SeedInvest. The funds were split between expanding its pharmacy operations, enhancing its technology, and marketing and other administrative costs.
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