Pharmacierge secures £1.25 million Seed investment led by Alex Chesterman OBE and Simon Franks

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Pharmacierge raises £1.25m to streamline prescription medicine process for clinicians and patients

  • Leading UK healthtech company, Pharmacierge, offers same-day delivery of prescription medicine in London and next day delivery across the rest of the UK, saving private medical practices over 50 working days of admin per year on average.
  • Pharmacierge has raised £1.25m in a round led by technology angel investors including Cazoo and Zoopla founder Alex Chesterman OBE and Lovefilm co-founder Simon Franks. In a show of confidence from clinician users, a number of leading medical practitioners have also participated in the round.
  • mPrescribe, Pharmacierge’s clinician-facing app, is built on its own full-stack technology, combining proprietary Electronic Prescription (EPS) and dispensary management (ERP) systems, with multiple APIs to handle the compliance and complexity of the tightly regulated healthcare industry. The technology was developed by a team with experience at Google, Babylon Health, HCA and The Doctors Laboratory.
  • The pandemic has bolstered consumer interest in delivery services as a whole; many patients have not wanted to visit pharmacies in person, and clinicians have worked remotely, which has only accelerated the adoption of Pharmacierge’s e-prescription apps and home delivery service.

LONDON, Tuesday 26th October 2021

Pharmacierge, the healthtech company that offers same-day prescription medicine delivery in London and next day delivery throughout the UK, today announces that it has raised £1.25m from a number of leading clinicians and angel investors.

Investors include Alex Chesterman OBE, founder of Cazoo and Zoopla and Simon Franks, who co-founded Lovefilm. In a show of confidence from the medical profession, many practitioner users have also invested in the round, including two past presidents of the Independent Doctors Federation, and clinicians practicing variously at the Schoen Clinic, One Welbeck, Hormone Health, Physicians Clinic, Cromwell, Wellington, Lister and King Edward VII Hospitals.

With the money raised, Pharmacierge will now look to expand its footprint throughout the UK and internationally, as well as growing its network of clinicians.

The problem is well known within the medical industry. Private medical practices currently spend up to two hours a day on prescription-related admin tasks, totaling more than 50 working days per year across their practice. The Pharmacierge e-prescription app, mPrescribe, can cut admin by up to 15 minutes per prescription with integrated same day or next day delivery. This saves time for clinicians, their administrative staff and ultimately their patients.

mPrescribe – Pharmacierge’s iPhone and Android enabled app, is the first of its kind in the UK; a portable e-prescription pad that allows clinicians to prescribe medication on the go.  Its seamless infrastructure is built on proprietary full-stack technology, combining Electronic Prescription (EPS) and dispensary management (ERP) systems, with multiple APIs to handle the compliance and complexity of this tightly regulated industry.

In developing the platform, Pharmacierge brought together a multidisciplinary team and advisors with decades of clinical, pharmacy, healthcare and technical expertise – including from Google, Babylon Health, HCA and The Doctors Laboratory. The team pooled years of data and user experience in pharmacy fulfilment, designing an app from the ground up – creating their own software that positions them for scale, international expansion and licensing opportunities.

This software leadership has in turn attracted prominent tech investors including Alex Chesterman OBE, Founder of online car retailer, Cazoo, who says: 

“Consumers increasingly expect services to be accessible digitally and delivered to their door rapidly, and the pharmacy market is clearly next.”

Pharmacierge co-founder and CEO Edward Ungar said, 

“Pharmacierge has grown rapidly in the last few years but to have our users, including many of the UK’s leading independent clinicians, support us through investment is a great testament to our dispensary and tech teams and the value we bring to practices and patients. We’ve delivered to a departure lounge and backstage before a rock concert. It all starts with the philosophy of saying yes, we can try to do that.”

Pharmacierge co-founder Robert Ungar said, 

“The healthcare industry faces a number of challenges, not least due to the widespread disruption from Covid-19. Cumbersome and paper-based processes need to be replaced by streamlined apps that are quick and easy, both for the clinician and the patient. A fast and reliable delivery service for prescription medication is therefore a requirement for private clinicians who put patient-centered care at the heart of their practice.”

Pharmacierge operates its own dispensary and supplies all common medicines. Due to the variety of Consultants it supports, its formulary contains more than double the range of medicines listed by an average NHS trust. The technology solves all the clinical management problems: combining seamless dispensing with courier delivery, and updating doctors and patients as to their prescriptions’ progress.

***ENDS***

Notes to Editor

About Pharmacierge:

Pharmacierge was founded in London in 2015 and was the first to offer free same-day e-prescription delivery in London and next weekday delivery throughout the UK. It’s app, mPrescribe, runs on the company’s own full-stack technology, combining Electronic Prescription (EPS) and dispensary management (ERP) systems, with multiple APIs to handle the compliance and complexity of this tightly regulated industry.

Private consultants and surgeons commonly practice across multiple clinic locations, with differing protocols for prescribing that can even include paper-based approaches. The mPrescribe app saves time, increases accuracy, and gives clinicians access to a broader range of medication than an average pharmacy.

Find out more at www.pharmacierge.com

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Safiya Marzook

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