PillSorted
Personalised pharmacy service for managing and delivering prescriptions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $6.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 123 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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PillSorted is a UK-based digital pharmacy that provides a personalised medication delivery and management service, operating in partnership with the National Health Service (NHS). The company was co-founded in November 2019 by Zeinab Ardeshir, a pharmacist with 17 years of experience at retailers like Boots and Tesco, and Mohammad Mohaghegh. Ardeshir, who serves as CEO, was motivated by her experience in community pharmacy to create a model that uses technology to reduce administrative workloads for pharmacists, allowing them to focus more on patient care.
The company's core service involves managing repeat NHS prescriptions, liaising with General Practitioners (GPs), and delivering medications directly to patients' homes for free. It particularly targets patients with multiple medications, including the elderly and those in care homes, aiming to simplify their prescription management. The service includes monthly deliveries containing all medications, personalized medicine charts with dosage instructions, and proactive support from a team of pharmacists and customer care advisers. Beyond NHS prescriptions, PillSorted has an online shop for over-the-counter items and also provides private prescription services, including telehealth consultations and weight loss treatments.
PillSorted's business model is centered on receiving reimbursements from the NHS for the prescriptions it dispenses. The platform integrates with the NHS Spine, enabling it to receive prescriptions electronically once a patient nominates PillSorted as their pharmacy. By using automation and data science, the company aims to improve medication adherence, enhance health outcomes, and create efficiencies for both patients and the NHS. In April 2022, PillSorted announced it had raised $6 million (£4.8 million) in seed funding from investors including Pear VC, Hoxton Ventures, and Edison Partners to expand its services across the UK and further develop its technology.
Keywords: digital pharmacy, NHS prescription delivery, medication management, personalised pharmacy, repeat prescriptions, telehealth, online pharmacy UK, pharmaceutical delivery, health technology, medication adherence, care home medication, chronic condition management, prescription management, Zeinab Ardeshir, Mohammad Mohaghegh, NHS Spine integration, pharmacy automation, remote patient support, preventative healthcare, online consultations