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TruePill

TruePill

TruePill is a US-based company providing pharmacy product deliveries.

TruePill is a company that provides pharmacy product deliveries from businesses to customers. The company was founded in 2016 by Sid Viswanthan and Umar Afrid. TruePill aims to provide a more efficient process in helping customers receive their prescription medications. It is headquartered in San Mateo, California.

Services

TruePill’s main service is providing both storage and delivery solutions for the client’s pharmaceutical products. In addition to this service, TruePill also offers a web-based API for businesses to monitor TruePill’s services for their customers in real-time.

Funding

Since 2017, TruePill has raised a total capital of $13.4 million from two funding rounds. The company’s most recent funding round was a Series A in March 2019, collecting $10 million. TruePill has received financing from five investors, with two as the lead investors. Investors who have previously provided funds include Y Combinator, Amity Ventures, Sound Ventures, Initialized Capital, and Tuesday Capital.

True Pill is a company offering an online pharmacy that is headquartered in Hayward, California. Their online pharmaceutical platform allows users to order their prescriptions on a one time or recurring basis and receive their prescriptions in the mail.

True Pill accepts prescriptions authorized by the following insurance companies: Aetna, Anthem, Blue of California, Cigna, Humana, CVS Caremark, UnitedHealthcare, and Medi Cal. Orders are able to be delivered by True Pill in the mail to customers only in the following states: California, Connecticut, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Hampshire, Nevada, New York, Ohio, Rhode Island, South Caroline, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, and Wyoming.

Timeline

October 27, 2021
TruePill raises a $142,000,000 series D round.
September 2020
TruePill raises a $75,000,000 series C round from Oak HC/FT, Optum Ventures, Sound Ventures, TI Platform Management and Y Combinator.
July 2020
TruePill raises a $25,000,000 series B round from Initialized Capital, Optum Ventures, Sound Ventures and TI Platform Management.
March 12, 2019
TruePill raises a $13,400,000 series A round from Initialized Capital.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Dave Muoio
May 26, 2021
FierceHealthcare
By combining pharmacy fulfillment, telehealth, at-home testing and other services, the startup is looking to offer its payer and employer customers a digital, end-to-end platform that's convenient for patients and members.
BioSpace
April 13, 2021
BioSpace
eMedTM, a digital health company democratizing healthcare through digital point-of-care solutions, today announced a partnership with TruepillTM, the digital health platform powering consumer health experiences through its diagnostics, telehealth and pharmacy infrastructure.
eMed
April 13, 2021
www.prnewswire.com:443
/PRNewswire/ -- eMedTM, a digital health company democratizing healthcare through digital point-of-care solutions, today announced a partnership with TruepillTM,...
Melody Petersen
November 18, 2020
Los Angeles Times
The growing popularity of at-home lab tests sold by tech start-ups has raised concerns as physicians are removed from patient decisions. The Trump administration is limiting what the FDA can do to keep consumers safe, experts say.
Heather Landi
September 11, 2020
FierceHealthcare
Truepill scored $75 million from Optum Ventures and Oak HC/FT as the demand for digital health services grows. As the startup works to expand its telehealth and pill delivery platform, here is where it plans to focus next.
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References

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