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Tag Archives: Phil

Announcing our Investment in Phil

| August 24, 2017

Filling prescriptions is a pain point for countless consumers, especially for those with recurring medication needs that live outside of urban areas. Consumers experience long wait times and often leave the pharmacy empty-handed. The large chain pharmacies’ business models are predicated on having consumers wait for their prescriptions and peruse the other aisles for razors, candy, gift cards, etc. There’s a reason the pharmacy is always in the back of the store!

As was announced last week, Crosslink led Phil’s Series A investment in Phil alongside our friends at ENIAC and SoftTech. Read rest here.

Phil Accelerates Growth with National Expansion and $10M Series A Funding

| August 16, 2017

Crosslink Capital led round, advancing Phil’s disruption of traditional prescription management.

SAN FRANCISCO–(BUSINESS WIRE)–Phil Inc., an end-to-end prescription management and delivery service connecting patients with local pharmacies, announced today its national expansion following its recent $10M funding round close led by Crosslink Capital. Other investors include Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital. Top-rated, independent pharmacies in all major states are now part of Phil’s fast-growing network, which since November 2016 has grown to cover 95 percent of the U.S. population.

Phil’s alternative to traditional pharmaceutical management aims to solve the problem of drug adherence, which drives between $100B and $300B in unnecessary medical costs in the U.S. each year. Read rest here.