TruePill

TruePill

TruePill is a U.S-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

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
TruePill Series C round September 2020
Series C round
75,000,000
September 2020
Y Combinator
TruePill Seed round
Seed round
3,400,000
Y Combinator
TruePill Venture round
Venture round
FundersClub
TruePill Series A round
Series A round
10,000,000
Initialized Capital
4 Results
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People

Name
Role
LinkedIn

Sid Viswanathan

President, Co-founder

Umar Afrid

CEO, Co-founder

Further reading

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Link
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Date

Documentaries, videos and podcasts

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Companies

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CEO
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News

Title
Author
Date
Publisher
Description
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.
Alex Wilhelm
July 11, 2020
TechCrunch
Welcome to The Exchange, an upcoming weekly newsletter featuring TechCrunch and Extra Crunch reporting on startups, money, and markets. You can sign up for it here to receive it regularly when it launches on July 25th. You can email me about it here, or talk to me about it on Twitter. Let's go! Ahead of parsing [...]

References

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