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Phlo

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Digital pharmacy platform for prescription delivery and healthcare

Glasgow, United KingdomFounded 2015Biotech & Life Sciences
Valuation $50–100M Last recorded · 2024
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Phlo and the history behind them.

About Phlo

Phlo is a digital healthcare company that provides a suite of services centered around pharmacy and patient care. Founded in 2015 by Nadeem Sarwar, the Glasgow-based startup aims to simplify medication access. Sarwar, who previously worked in commercial banking with exposure to the pharmacy sector, was inspired by customer-centric digital health models in the U.S. to build a more convenient pharmacy experience in the UK.

The company's core services include Phlo Digital Pharmacy, an app-based service for managing and ordering NHS and private prescriptions with same-day delivery in cities like London and tracked next-day delivery across the UK. Phlo also operates Phlo Clinic, which offers on-demand consultations and treatments for various conditions, including weight management. For business clients, Phlo Connect provides an API-driven infrastructure platform that allows other healthcare providers to integrate pharmacy services, including prescribing, fulfillment, and delivery, directly into their own offerings. The company generates revenue through its pharmacy services and by providing its technology platform to other healthcare businesses.

Phlo has expanded through significant funding rounds, including a £10m Series A raise and a subsequent £9m investment in April 2024, led by Par Equity, Thairm Bio, and Scottish Enterprise. A key milestone was the acquisition of the UK assets of its competitor, TruePill, in March 2023, solidifying its market position. The company emphasizes a patient-centric approach, combining technology with accessible support from its team of pharmacists via phone, email, and live chat.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Glasgow, United Kingdom
Employees
117
Open positions
6
Dealroom signal
89.3/100
Industry
Health
Sub-industry
Pharmaceutical, Health Platform, Logistics & Delivery
Sector
Biotech & Life Sciences, Pharmacy, Biotechnology, Biotech and Pharma, Digital Care, Health It, Digital Pharma
Technology
Mobile app
Business model
Marketplace & ecommerce
Client focus
b2b, b2c

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Apr 2024 $12M $66M Scottish Enterprise Growth Investments · Thairm Bio Family Office · Par Equity ↗
SERIES A✓Equity / VC Feb 2023 $13M $53M Thairm Bio Family Office ↗
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

Phlo website traffic

Latest recorded traffic for Phlo is 45K monthly website visits, up 66.7% over the last three months. Phlo's team grew 18.2% over the past year.

Latest monthly visits45K 3-month web change+66.7% 1-year team growth+18.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

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

Investors

7 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

Series A3 investors entered at this stage

  • Thairm Bio Family Office
  • Par Equity
  • Scottish Enterprise Growth Investments

Other known investors3 additional known investors

  • PXN Group
  • Techscaler
  • World Solver Syndicate
Team profiled 17 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 7 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 Kingdom98.7%
🇦🇺 Australia1.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Phlo 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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