PillPack Raises Another $31M

The New England-based startup disrupting the pharmacy industry continues fundraising to expand operations.

Sep 16th, 2016

PillPack Shipment / Photo: ideo.com

PillPack Shipment / Photo: ideo.com

A recent Boston Globe article covered the newest cash injection for PillPack Inc., the rapidly growing drug packaging startup. The company filed the $31 million round with the SEC last Tuesday, just over a year since their last cash injection of $50 million. Since its inception in 2013, PillPack has raised $93.5 million to become one of the most prominent startups in New England.

PillPack is the brainchild of T.J. Parker, who grew up working in his family’s pharmacy in Concord, New Hampshire. After seeing the crude methods patients used to organize multiple prescriptions, he decided to start his own company to solve that issue. PillPack packages specific doses into individual plastic bags printed with large-font instructions for when to take them. The company is still privately-held, and declines to disclose revenue or customer figures.

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