Recently, New York startup Blink Health received $90 million in Series B financing. The financing was led by the famous 8VC. The company has received $75 million from 8VC in the April 2016 A round of financing, so 8VC has injected a total of $165 million into Blink Health.
The company will use this latest fund to improve the adaptability of its platform technology and drug market, hire more R & D engineers, develop new partnerships, and further explore the broader prescription drug market. However, what kind of platform is attracting 8VC two capital injections, what is its excitement?
Online purchase of prescription drugs at the lowest price
It is learned that Blink Health was founded in 2014 by Matthew Chaiken and Geoffrey Chaiken, and is mainly engaged in the biotechnology and health care industry.
The company launched the Blink Health online application (including Android, iOS and computer clients) in early 2016. The service is designed to work with pharmacies at a group purchase price to provide the cheapest medicines in the United States. For consumers who are not in the health plan, Blink will pay for it through their FSA or HSA account.
Each customer can get the price information of more than 15,000 drugs through the client. They can purchase drugs at any pharmacy in the United States by purchasing them online. Although each customer's purchase plan is different, the price of prescription drugs also fluctuates. , but some users report that the maximum cost savings can reach 95%.
At the same time, the audience of many electronic platforms are young people who have relied heavily on smartphones for daily transactions, but most consumers who are in need are actually older people. Blink's technology is very easy to operate, making it easy for older people to master the technology for independent purchases.
The app has been officially released for more than a year and has covered more than 58,000 pharmacies across the US, including large retailers like CVS, Target and Walmart. 100,000 doctors nationwide (about one in every 10 prescribers) are recommending Blink services to patients, and now there are more than one million active users using their apps and online services.
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