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FutureStarrventure capital life sciences
The pharmaceutical industry is growing at a rapid pace. Last year, $324 billion was spent on research and development in the pharmaceutical sector, and the market is projected to grow another 14 percent by 2027. With this in mind, venture capital firms have begun focusing on startups that can develop advanced technologies and improve patient outcomes. Listed below are some of the top companies seeking venture capital in the pharmaceutical industry. However, many startups are struggling to gain attention from investors.
Medly Pharmacy: A full-service digital pharmacy that is rapidly gaining market share, this company has raised $300 million in Series A funding. The company plans to use the money to grow nationwide. In 2018, the company saw its annualized revenue more than tenfold, and by 2020, the company expects to be worth hundreds of millions. The company has a current workforce of 250 employees, and plans to double this number by 2020. By that time, Medly will serve tens of thousands of customers.
Medly Pharmacy: Founded in 2014, Medly Pharmacy has raised $300 million in Series A funding round from Greycroft. The funds will be used to expand the company's national footprint. Its annualized revenue increased tenfold in 2018 and is projected to reach hundreds of millions by 2020. The startup has 250 employees and expects to double their staffing by 2020, and will serve tens of thousands of customers by then. By 2020, it plans to have a global presence, with dozens of stores and online pharmacies.
Medly Pharmacy is an industry leader in digital pharmacy. Greycroft led the Series A round, and the proceeds will be used to expand the company nationwide. In 2017, the company's annualized revenue grew by tenfold, and it's projected to be in the hundreds of millions of dollars by 2020. The company currently employs 250 employees, but by 2020 plans to have tens of thousands of employees and serve tens of thousands of customers.
Medly is a full-service digital pharmacy. Greycroft led the Series A funding round for this company. The proceeds will be used for national expansion. The company's annualized revenue is expected to hit hundreds of millions of dollars by 2020. It currently employs 250 people, but it's projected to reach tens of thousands of customers by 2020. In addition to these, the pharmacy has raised $3.5 billion in its Series A round.
Medly is an industry-leading full-service digital pharmacy. The company recently raised $300 million in a series A funding round led by Greycroft. The investment is intended to finance the company's national expansion. The startup currently has 250 employees and plans to have tens of thousands of customers by 2020. Its founders have a clear vision for the future. It's time to make the future of medicine digital. The pharmaceutical industry is advancing at a rapid rate.