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E-prescription delivery service Pharmacierge bags £2.4M in the first ‘clinician-led’ round

Pharmacierge Team
Image credits: Pharmacierge

A healthtech startup headquartered in London, Pharmacierge, pioneers medicine delivery apps for private clinicians. The company has raised a further investment of £2.4 million to extend its national leadership through its e-prescribing platform mPrescribe®.

First-of-its-kind funding round

This is the first ‘clinician-led’ funding round as 90% of the investment came from Pharmacierge’s own users, including 80 prominent UK clinicians. The round also includes new and repeat investments from current or former Managing Directors at Goldman Sachs, Merrill/Bank of America, Citigroup and Tullett Prebon.

To date, the total funding raised by Pharmacierge accounts for £4 million. Of this, over £3 million came from among its 4,000 clinician users. Interestingly, over 30% of its clinician investors are women, a much higher percentage than the average 13% of female investors in private companies.

The funding will be used to power its next phase of growth combining dispensing robotics with AI to manage the vast range of medicines it supplies.

Pharmacierge co-founder and CEO Edward Ungar said, “This latest round represents a profound and unique endorsement of Pharmacierge by the very same Consultants and GPs who use it most often. They’ve recognised the huge value in our product, and have not only validated that as users, but also as investors.”

Dr Stephanie Barrett, Consultant Rheumatologist, MB, ChB, MD, FRCP commented, “Having long experienced the time-saving benefits that the Pharmacierge service offers clinicians and patients, it was a simple decision to invest in a business that I both understood and trusted.”

Same-day prescription medicine delivery

Founded in 2015 by Edward Ungar and Robert Ungar, Pharmacierge is a digital e-prescribing service chosen by private clinicians to deliver medication to their patients throughout the UK and worldwide. It lets clinicians create and transfer e-prescriptions to Pharmacierge’s pharmacy in London for free delivery to their patients.

The pandemic bolstered consumer interest in delivery services and many patients did not want to visit pharmacies in person. Eventually, clinicians opted to work remotely, which only accelerated the adoption of Pharmacierge’s e-prescription apps and home delivery service.

Its e-prescribing platform mPrescribe is a clinician-facing app, which combines proprietary Electronic Prescription (EPS) and dispensary management (ERP) systems. These handle the compliance and complexity of this tightly regulated industry at scale. Pharmacierge operates its own 2,500 sq ft dispensary and its formulary contains over double the average range of pharmacy medicines.

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