Deep-pocketed investors sink $30m into health-tech firm PocketPills

Surrey company plans to open additional facilities in Alberta, Quebec with the fresh capital

Submitted

There will be no empty pockets for a Surrey-based health-tech firm this year.

PocketPills Inc. has closed out a Series B funding rounding to the tune of $30 million, the company revealed Wednesday (March 3).

The digital pharmacy is known for its online platform that allows users to order medications that are sorted by dose, individually packaged and delivered to homes.

The latest raise comes after it closed out a Series A round almost exactly one year ago, raising more than $7 million.

Last year’s round was led by India-based Waterbridge Ventures, which also participated in the 2021 raise led by Vancouver’s own Telus Ventures.

The fresh capital will be going towards PocketPills expansion plans for the rest of Canada.

The company is in the midst of opening facilities in Quebec and Alberta that it says will help secure same-deliveries for customers across the country.

It currently has pharmacy warehouses in B.C., Manitoba, Ontario and Nova Scotia.

More than 300,000 Canadians have accessed the PocketPills’ platform to date.

torton@biv.com

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