About the offering
ChatRx is a physician-founded, on-demand virtual urgent care platform based in Plymouth, Indiana, offering flat-fee ($25) asynchronous consultations without insurance or appointments. Founded by Dr. Tod Stillson, a rural family physician with 30+ years of experience, the company launched in June 2025 and has delivered 5,200+ visits across Indiana, Illinois, and Michigan within its first twelve months. The platform treats 39 acute conditions via a private text-based chat interface; a physician from the ChatRx Medical Group reviews each case and routes prescriptions to local pharmacies, with a work or school note included. The company reports $42K+ in cumulative revenue, unit-level profitability, cash-flow positivity from week one, under $20 customer acquisition cost, a ~65% non-prescription rate, a ~24% repeat visit rate, and 20%+ month-over-month growth. ChatRx is FDA-registered as a Software as a Medical Device (SaMD), LegitScript-certified, and HIPAA-compliant, with patent-pending status. The platform is currently active in 3 states and licensed in 14 additional states (17 total). The company has 15 independent pharmacy partners, a major employer partnership launching in July, a higher-education pilot with Marian University Plymouth integrating into student health for the 2026-2027 school year, and is a vendor candidate for Indiana's Region 1 Federal Rural Health Transformation GROW Grant ($65M over 5 years). Five revenue streams are identified: direct-to-consumer acute care visits, standalone caregiver notes, pharmacy and business partnerships, schools and universities, and federal rural health grants. The leadership team includes CMO/CXO Rajeev Ratra (20+ years DTC/B2B marketing, former JPMorgan/Deutsche Bank), fractional CMO Dr. John Stillson (dual board-certified family and lifestyle medicine), fractional CTO Nate Bachtel (20+ years in secure digital platforms), and fractional CCO Jeff Cutler (30+ years in digital and consumer healthcare). The company is raising $500,000 via SAFE on Wefunder: first $100K at a $10M valuation cap with a 20% discount (Early Bird), remaining $400K at a $12.5M cap. Minimum investment is $100. Capital allocation is planned as 45% marketing and expansion, 35% technology, and 20% partnerships. The campaign has raised $157,040 from 93 investors as of the page snapshot, with notable investments of $450,000 from founder Tod Stillson and $300,000 from an outside angel investor made prior to the Wefunder raise.
FAQ
How much has ChatRx raised?
ChatRx has raised $201,559 of a $500,000 goal.
Where is ChatRx's campaign live?
The offering is live on Wefunder, an SEC-registered Reg CF intermediary.
What are the terms of ChatRx's raise?
SAFE, $12.5M cap.
When does ChatRx's offering close?
The stated close date is Apr 30, 2027.
