NowRx
Regulation Crowdfunding offering on SeedInvest (SI Securities)
$0
of $7M goal
0.0% funded
About the offering
NowRx is an on-demand pharmacy, founded with the goal of developing software, artificial intelligence, robotics, and logistics to create the most convenient retail pharmacy service available, focused on free same-day delivery for prescription and OTC medications, thereby eliminating the need to visit a pharmacy. NowRx is a technologically advanced, customer-centric pharmacy delivery solution, utilizing a comprehensive array of communication devices including mobile apps, text, email, phone, fax, and voice-activated virtual personal assistants (e.g., Google Home), end-to-end robotic dispensing, and an advanced logistics platform that provides convenient, free same-day delivery for all prescription needs. NowRx is disrupting the pharmaceutical industry by replacing the traditional distribution model with an on-demand delivery model while providing a superior customer experience. By eliminating the dependency on store front retail space, NowRx operates out of micro-fulfilment centers resulting in a fixed cost at a fraction of the cost of traditional pharmacies. An end-to-end, fully automated dispensing process driven by robotics and artificial intelligence provides further cost efficiencies. For employers, NowRx can improve worker productivity by eliminating time employees spend having prescriptions filled off-campus. NowRx can also reduce overall health plan costs through better medication compliance. Through NowRx's platform, pharmacy services are provided from low cost, highly automated micro-fulfilment centers. NowRx utilizes end-to-end robotic dispensing (“One-Click Fill”) to deliver prescriptions directly to consumers by NowRx's drivers and plug-in electric vehicles. NowRx increases the likelihood of timely prescription fills, encourages medication adherence, reduces the number of missed refills, ultimately reducing costs to health plan insurers, and providing better consumer health. NowRx expects to transform the pharmacy delivery industry by providing nationwide free same day on-demand delivery of medical prescription drugs and OTC products, while improving the health of consumers by measuring and increasing prescription compliance.
FAQ
How much has NowRx raised?
NowRx has raised $0 of a $7M goal.
Where is NowRx's campaign listed?
The offering is listed on SeedInvest (SI Securities), an SEC-registered Reg CF intermediary.
What are the terms of NowRx's raise?
Preferred Stock, $20M cap, $2.00/share.
When does NowRx's offering close?
The stated close date is Sep 30, 2019.
