Cabinet Health
A sustainable healthcare company, starting with over-the-counter medicine.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | $8.5m | Debt |
| Total Funding | 000k | ||
Related Content
Cabinet Health is positioned as a sustainable healthcare company aiming to mitigate the environmental impact of the pharmaceutical industry, specifically targeting the plastic waste generated by medicine packaging. Founded in September 2018 by Achal Patel and Russell Gong, the company's inception was sparked by a shared passion for healthcare and sustainability, which the co-founders discovered while working together at Deloitte. Patel brings a multi-generational background in the pharmaceutical sector, while Gong contributes extensive experience in sustainable product development and social impact.
The company's core business revolves around providing consumers with over-the-counter (OTC) and prescription medications in plastic-free, reusable, and compostable packaging. Its product system features child-safe, stackable glass bottles for home use and medicine refills delivered in backyard-compostable pouches. This model directly addresses the estimated 190 billion single-use plastic medicine bottles produced annually. Cabinet Health operates through a multi-channel sales strategy, including a direct-to-consumer website, partnerships with online retailers like Amazon and Grove Collaborative, and a growing presence in national retail pharmacies such as CVS and Target. A significant B2B partnership with McKesson, a major pharmaceutical distributor, involves creating a sustainable aluminum product line for their private label brand.
Since its launch, the company has methodically expanded its offerings and market reach. After starting with a range of OTC medicines for common ailments, Cabinet Health launched a pilot prescription service, Cabinet Health Rx, with plans for broader availability. The firm has secured significant funding to fuel its growth, including a $17 million round in late 2022, bringing its total funding to over $23 million. This capital is being used to scale its prescription services and expand its retail footprint. All products contain FDA-approved active ingredients and undergo third-party batch testing to ensure they are free from toxins and allergens.
Keywords: sustainable packaging, pharmaceutical waste, plastic-free medicine, direct-to-consumer healthcare, refillable prescriptions, compostable packaging, B Corp, OTC medication, sustainable healthcare, retail pharmacy partnership