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NowRx

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A pharmacy and last-mile logistics company that provides same-day and same-hour prescription medication delivery

Mountain View, United StatesFounded 2015Biotech & Life Sciences
Valuation $250–500M Last recorded · 2022
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for NowRx and the history behind them.

About NowRx

NowRx operates as a technology-driven pharmacy, aiming to overhaul the traditional retail pharmacy experience through a model centered on efficiency and convenience. The company was co-founded in 2015 by CEO Cary Breese and CTO Sumeet Sheokand. Breese, a multi-time CEO with a background in leading tech startups that disrupt legacy industries, and Sheokand conceived the business plan after recognizing the inefficiency of waiting in line at a pharmacy. They launched their first fulfillment center in January 2016.

The business functions by eliminating physical retail locations and instead uses low-cost, highly automated micro-fulfillment centers. This strategy allows NowRx to offer free, same-day delivery for prescription medications. For more urgent needs, an expedited one-hour delivery is available for a $5 fee. Revenue is generated from payments for prescription and over-the-counter items, with the company accepting most major insurance plans and charging customers their standard co-pay. The target market consists of any consumer who uses a retail pharmacy, particularly those who value the convenience of home delivery, such as patients with chronic conditions or those wishing to avoid exposure in crowded pharmacies.

At the core of NowRx's operation is its proprietary pharmacy management software, QuickFill. This system automates many aspects of the prescription process, including billing, insurance verification, and fulfillment coordination. When a doctor sends a prescription, NowRx's system processes it, and robots can sort, count, bottle, and label the medication in under 30 seconds. The platform also includes a consumer-facing app for tracking orders and a logistics app called Wheelz for its HIPAA-trained drivers. Beyond prescription delivery, the company expanded its offerings to include telehealth services, starting with NowPrEP, a service for pre-exposure prophylaxis that includes physician assessment, lab testing, and home delivery. In November 2022, Alto Pharmacy acquired NowRx's patient files in California.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Mountain View, United States
Employees
15
Open positions
None listed
Dealroom signal
63.3/100
Industry
Health
Sub-industry
Pharmaceutical, Health Platform
Sector
Biotech & Life Sciences, Pharmacy, Retail, Biotechnology, Surgery, Biotech and Pharma
Business model
Marketplace & ecommerce
Client focus
b2c

Funding history

9 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing May 2022 $24M $275M Seedinvest ↗
SERIES COther financing Oct 2021 $73M $275M Seedinvest —
Showing the latest 2 of 9 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

NowRx website traffic

Latest recorded traffic for NowRx is 2.2K monthly website visits, up 780% over the last three months. NowRx's team grew 0% over the past year.

Latest monthly visits2.2K 3-month web change+780% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Seedinvest

Series A1 investor entered at this stage

Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States83.3%
🇬🇧 United Kingdom16.7%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about NowRx on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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