Healthtech

SEA's largest pharma community raises $27M Series B

May 25, 2022
SwipeRx

Get that prescription! Say hey to SwipeRx. (You might know them by their old name, mClinica.) They're SEA's largest community of pharma professionals — and have just raised a $27M Series B!

Who cashed in? MDI Ventures led the round. The Bill & Melinda Gates Foundation, Johnson & Johnson Impact Ventures, Susquehanna International Group (SIG), Patamar Capital and Global Innovation Fund also joined in.

💊  All you need

SwipeRx is the one-stop-shop for anyone working in the pharma industry— think "Linkedin meets Amazon for pharma."

Manage your pharmacy. Get inventory financing, manage purchases, buy high-quality medicines at low prices, view a drug directory and more.

  • They have over 5,000 pharmacies using its B2B purchasing tool.

Stay updated. View and share news, announcements and posts from other professionals and KOLs.

Learn, hire or get hired. Access Continuing Professional Development (CPD) accredited modules and earn credits, connect with others in the industry and find jobs (or post job offers).

  • They've educated over 80,000 pharmacy professionals on their platform.

🧐  Why it matters

With tons of doctor and telehealth-focused startups (and few for pharma), it's easy to forget pharmacies are also key to public health and better healthcare outcomes. It's time to digitize and optimize them!

  • People rely on pharmacies for fast and reliable health advice and access to much-needed medicine.

Many pharmacies in SEA are small mom-and-pop shops. They're fragmented and operate independently of each other.

  • This can make it difficult to manage and grow operations.
  • Medicine can be costlier and hard to source, and deliveries can take ages.

💼  Prep those resumes!

With the $$$, they're set to grow the team, expand their pharmacy network and double down on logistics for their B2B commerce arm.

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