The Pill Club, a business which provides telemedicine as well as mail-order pharmacies to assist women obtain birth control It is able to raise $51m through Series B financing, which brings the total amount of funding at $67 million. VMG was the leader of the round, which included involvement from GV as well as ACME Capital (new investors) along with Base10 as well as Shasta Ventures (existing investors).
What do they do
Through the Pill Club’s web-based service, women who have an existing prescription can avail various types of birth controlwhich includes more than 100 different brands of the pill, as in addition to the NuvaRing emergency contraceptives, as well as condoms for females via mail, without cost for delivery and, based on the insurance they have, there is there is no co-pay. The service is offered across every state.
In addition there are 35 states where In 35 states, the Pill Club is able to prescribe birth control using appointments via telemedicine, meaning that patients don’t require an existing prescription. The delivery also includes “chocolate and sample gift items,” according on the website of the company.
Alongside addressing possible problems with the stigma of stigma as well as logistics. The Pill Club also automatically initiates refills, which can possibly improve the adherence of some users.
What it’s for
The company has identified three major goals for funding improvement of technology in order to improve efficiency and extend the availability of prescription services and expanding educational services to assist customers in understanding the options available, and hiring The company is planning to increase their workforce to 50% this year.
Market view
Two other companies are following the same track as The Pill Club.
The company has Chelsea Clinton on its board A company called. Nurx was able to raise $36 million in the last year to offer birth control prescriptions. Through remote medicine to women living who live in rural regions. Nurx also provides delivery for free along with. PrEP treatments to help with HIV prevention as well as the ability to test at home for HPV.
In addition, hims, which offers men’s health online and via mail-order products, including treatments for erectile dysfunction. Has recently expanded its range to include an “hers” line for women which includes birth control as one of its products.
Recorded
“Dependable, seamless and discreet aren’t. Words typically associate with obtaining birth control and contraceptives. Nick Chang, The Pill Club’s founder and CEO, The Pill Club, said in an announcement. “When we started our service in 2016 we discovered that many of. Our new members did not have access to the prescriptions they required. Our main goal is always to put power back in women’s hands and we’re delight to collaborate with. Investors to continue helping members make crucial personal choices with our simple-to-use service.”
