TinyRX

TinyRX was established in 2015 by co-founders Christopher Bockman and Andrew Lockhart, positioning itself as an on-demand prescription delivery and management service. The company's mission was to address the complexities and lack of price transparency in obtaining prescription medications. Lockhart, with a background in user experience design, business strategy, and an MBA from Stanford, teamed up with Bockman, who brought expertise in product management from Meraki and a computer science background from Harvard and Johns Hopkins. Together, they aimed to create a more consumer-focused pharmacy experience.

The company operated on a hyperlocal model, initially serving San Francisco, Oakland, and Berkeley. Its business model centered on partnerships with local independent pharmacies, pharmaceutical benefit managers (PBMs), and drug manufacturers. Rather than charging delivery fees, TinyRX generated revenue through a revenue-sharing agreement with its pharmacy partners. This structure allowed the company to offer free standard delivery and guarantee that the patient's cost would be their standard copay or less.

The service enabled users to manage their prescriptions through its platform, either by linking existing ones or submitting new ones. A key feature was its price comparison tool, which shopped around partner pharmacies to find the lowest available price for the medication. Once the prescription was filled and the price finalized, a fleet of trained and background-checked drivers would deliver the medication to the user's location, with delivery times as fast as two hours. In November 2015, TinyRX secured $5 million in a seed funding round. The round was led by Eight Partners and included notable investors like Google Ventures and Stanford's StartX accelerator. The founders intended to use this capital to expand into other metropolitan areas in 2016 and to develop the platform further, with plans to add features for managing medication interactions. However, the company appears to have ceased operations since its launch period.

Keywords: prescription delivery, on-demand pharmacy, medication management, pharmacy price comparison, hyperlocal delivery, digital health, pharmacy logistics, medication delivery service, Christopher Bockman, Andrew Lockhart, San Francisco startup, Google Ventures, StartX, Eight Partners, prescription savings, medication copay, independent pharmacy network, pharmaceutical benefit managers, PBM, revenue sharing model, deadpooled