SmithRx logo — Radically transparent pharmacy benefits.

SmithRx

Radically transparent pharmacy benefits.

Founded 2016 United States San Francisco, United States 409 employees Series C Total: $104.66M Health Care, Information Technology +1

General Information

Company Name SmithRx
Founded Year 2016
Location United States San Francisco, United States
Employees 409
Industries Health Care, Information Technology, Pharmaceutical
Funding Stage Series C
Social

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About SmithRx

SmithRx is a disruptive force in the pharmacy benefits management industry. Founded in 2016, the startup's mission is clear - to reduce the cost and complexity of pharmacy benefits for America's employers and patients. The company's transparent, pass-through model, independent of insurance companies and pharmacies, ensures that its incentives are 100% aligned with its customers. This commitment to transparency and customer-centricity has attracted a $60.00M Series C investment from Venrock on 23 January 2024. SmithRx's innovative approach, underpinned by modern technology and cost-saving programs, aligns with current industry pain points, positioning it as a formidable contender in the Health Care, Information Technology, and Pharmaceutical industries. In a market dominated by overly complex monopolies, SmithRx stands out as a beacon of integrity and efficiency, offering hope for a more streamlined and cost-effective future in pharmacy benefits management.

Business keywords: Pharmacy Benefit Management, Healthcare IT, Technology Platform, Transparent PBM, Cost Savings, Employer Healthcare, Self-Insured Employers, Healthcare Cost Reduction, Enterprise SaaS, Pharmaceuticals, Drug Cost Management

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $60.00M 1
Venrock
23 Jan 2024
Series B $27.16M 4
Founders Fund, Venrock +2
10 Mar 2022
Series A Undisclosed 1
Konstantin von Unger
03 Jan 2021
Series A Undisclosed 1
Leblon Capital
01 Dec 2019
Series A $5.50M 6
Precursor Ventures, Blumberg Capital +4
31 Jul 2018
Series A $9.00M 6
Blumberg Capital, BoxGroup +4
11 Jan 2018
Seed Round $3.00M 9
Precursor Ventures, Blumberg Capital +7
31 Mar 2017

SmithRx Alternatives & Competitors

View All Alternatives
SmithRx vs
Scripta Insights
Scripta Insights United States

The Pharmacy Benefits Savings Experts

Venture round
63 employees
Health Care, Information Technology
SmithRx vs
BeneCard PBF
BeneCard PBF United States

Facilitating a new standard in pharmacy benefits - clear, aligned, and people-first.

336 employees
Biotechnology, Health Care
SmithRx vs
Rescription
Rescription United States

Rescription replaces your PBM with a new delivery model that includes 100% of all prescription drugs...

19 employees
Data Analytics, Health Care

FAQ About SmithRx

Radically transparent pharmacy benefits.
SmithRx was founded in 2016.
SmithRx is headquartered in San Francisco, United States.
SmithRx operates in Health Care, Information Technology and Pharmaceutical. Its work centres on Pharmacy Benefit Management, Healthcare IT, Technology Platform and Transparent PBM.
SmithRx has approximately 409 employees.
SmithRx has completed 7 funding rounds, raising a total of $104.66M. The latest funding stage is Series C.
Top alternatives and competitors to SmithRx include Scripta Insights, BeneCard PBF, Rescription, Xevant, Serve You Rx. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SmithRx and Scripta Insights are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for SmithRx, https://bouncewatch.com/company/smithrx, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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