New York-based pharmacy delivery startup Capsule has raised $20m in funding from Thrive Capital. Capsule aims to streamline the supply chain and cut out third parties to reduce costs and offer customers better delivery options. The company is currently working with a number of major pharmaceutical companies including Pfizer, Novartis, Johnson & Johnson, Merck, AstraZeneca, GlaxoSmithKline, Sanofi Pasteur, Takeda Pharmaceutical Co., Sound Ventures and Virgin Group also participated in the funding round.
New York-based pharmacy delivery startup Capsule has raised $20m in funding from Thrive Capital. Capsule aims to streamline the supply chain and cut out third parties to reduce costs and offer customers better delivery options. It currently only operates in the New York area and will need to work out how to compete with rivals such as ExpressScripts in order to expand. Sound Ventures and Virgin Group also participated in the funding round.