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SmithRx

300 Brannan Street Suite 601
San Francisco, CA 94107
USA
844.454.0123
Website Company Summary Management Team
Management

CEO: Jake Frenz (2015)
Finance: Darlene Boresch (06/30/2021) ; Jonathan Waterbury (07/31/2014)
Former Employees: Mika Kasumov
Board

Outside board: (May no longer be on the board) Ethan Fassett (Precursor Ventures)
Company

Business description: SmithRx is working to reduce pharmacy costs by reimagining the traditional PBM as a Drug Acquisition Platform built on transparent modern technology that aligns with the needs of our customers. It’s a new path forward that aligns incentives and harnesses data analytics to deliver an exceptional pharmacy benefit product. A San Francisco based technology company, SmithRx was founded in 2015 to create a cost-competitive PBM that offers clients a proven pass-through model, a single technology platform, concierge level service, and strong drug cost, rebate, and service level guarantees. The 100% in-house team brings together experience from healthcare companies including Anthem and Safeway Pharmacy along with Silicon Valley technology leaders.
Capital

Rounds: 4
Recent Fundings: Mar 2022   Jul 2018
Capital raised: 37.5M
Last Round: 20.0M
Ownership: Private  
VCs include: Blumberg CapitalVenrock AssociatesFounders FundBoxGroupScifi VC;  NextGen Venture Partners

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Overview
Record updated: Mar 2022
Sector: Healthcare
Year Founded: 2016
Headcount: 51-75 as of Mar 2022
Rounds: 4
Recent Fundings: Mar 2022   Jul 2018
Capital Raised: 37.5M
Last Round: 20.0M
Ownership: Private