What it is: When PillPack founder and CEO TJ Parker was a kid, he worked in his parents' mom-and-pop pharmacy in New Hampshire. This, he told Fortune, let him see customers' frustration for himself. “We want to reimagine what end-to-end pharmacy experience is for customers,” he said.
PillPack, which Parker launched in 2014 with Brian Hoffer and Elliot Cohen, is an online pharmacy that ships prescriptions and over the counter drugs to its customers. It cuts down on human labor costs by using robots and machine learning to sort drugs into packets before shipping them.
Since launching in February 2014, PillPack says it's processed more than a million shipments.
Where it's from: Cambridge, Massachusetts
Founders: Brian Hoffer, Elliot Cohen, TJ Parker
Funding: $62.8 million from CRV, Accel Partners, Atlas Venture, Menlo Ventures, SherpaCapital, Andy Palmer, David Tisch, High Line Venture Partners, Kevin Colleran, QueensBridge Venture Partners, Slow Ventures, BoxGroup, IDEO, Lucy McAllister, Lucy McQuilken, Sridhar Iyengar, Techstars, Walter Winshall, Zen Chu, Founder Collective