80 of the UK’s most prominent independent clinicians invest in Pharmacierge, the leading e-prescription delivery platform. Such ‘clinician-led’ funding is an industry first

LONDON: Thursday 20th April 2023

Pharmacierge, the healthtech company that pioneers medicine (ePrescription) delivery apps for private clinicians, today announces that it has raised a further £2.4m, to extend its national leadership through its e-prescribing platform mPrescribe®. 

This investment is an industry first, as 90% of the funding round was raised from Pharmacierge’s own users — including 80 prominent UK clinicians. The round also includes new and repeat investments from current or former Managing Directors at Goldman Sachs, Merrill/Bank of America, Citigroup and Tullett Prebon.

Pharmacierge co-founder and CEO Edward Ungar said, 

“This latest round represents a profound and unique endorsement of Pharmacierge by the very same Consultants and GPs who use it most often. They’ve recognised the huge value in our product, and have not only validated that as users, but also as investors.”

Dr Stephanie Barrett, Consultant Rheumatologist, MB, ChB, MD, FRCP commented, 

“Having long experienced the time-saving benefits that the Pharmacierge service offers clinicians and patients, it was a simple decision to invest in a business that I both understood and trusted.”

Pharmacierge has now raised nearly £4m, with over £3m originating from among its 4,000 clinician users  It is also notable that over 30% of the clinician investors are women, a much higher percentage than the average 13% of female investors in private companies. The investment will be used to power its next phase of growth combining dispensing robotics with AI to manage the vast range of medicines it supplies.

Pharmacierge’s clinician-facing app, mPrescribe® combines proprietary Electronic Prescription (EPS) and dispensary management (ERP) systems, to handle the compliance and complexity of this tightly regulated industry at scale. Pharmacierge operates its own 2,500 sq ft dispensary in Wimpole Street, adjacent to The Royal Society of Medicine. Due to the variety of specialisms it supports, its formulary contains more than double the average range of pharmacy medicines. 

This union of technology and dispensary solves key clinical management challenges: combining seamless dispensing with courier delivery and updating practices and patients on their prescriptions’ progress. Pharmacierge is led by a team with decades of prior experience at Google, Babylon Health, HCA and The Doctors Laboratory.

ENDS

Media Contact

Ben Goldsmith

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About Pharmacierge:

Pharmacierge was founded in London in 2015 and pioneered free same-day e-prescription delivery in London and next weekday delivery throughout the UK. Its clinician 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 commonly practice across multiple clinic locations, with differing protocols for prescribing that can still include paper-based approaches. The mPrescribe® app saves time, increases accuracy, and gives clinicians convenient access to a broader range of medications than would be stocked at an average pharmacy.

Find out more at www.pharmacierge.com