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SmithRx - Company Overview, Founder, CEO, Funding & Investment Details

Complete information about SmithRx including founder details, CEO information, total funding raised, headquarters location, team size, and recent investment rounds.

SmithRx company logo

Radically transparent pharmacy benefits.

SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) focused on reducing the complexity and cost of pharmacy benefits for employers and patients.

HeadquartersSan Francisco, United States
Team size401-500
Founded2016

What is SmithRx? - Company Overview & Details

SmithRx is SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) focused on reducing the complexity and cost of pharmacy benefits for employers and patients. Founded in 2016, the company is headquartered in San Francisco, United States.

Who Founded SmithRx?

SmithRx was founded by Jake Frenz.

Who are the Key Executives at SmithRx? - Leadership Team

SmithRx is led by experienced executives in key positions:

SmithRx Company Details & Key Information

Where is SmithRx located?

SmithRx is headquartered in San Francisco, United States.

How many employees does SmithRx have?

SmithRx has 401-500 employees.

When was SmithRx founded?

SmithRx was founded in 2016.

How much funding has SmithRx raised?

SmithRx has raised $80 Million across 7 funding rounds. The most recent funding was completed on 2024-01-23.

Funding Overview

SmithRx has raised a total of $80 million across multiple funding rounds to date, focusing on creating transparency in pharmacy benefits.

$80 Million
Total Funding Raised
7
Funding Rounds
2024-01-23
Latest Round

SmithRx Funding History

Series A
2018-01-11
$9 Million
Series B
2022-02-21
$20 Million$100 Million valuation
Series C
2024-01-23
$60 Million

Who are the key investors in SmithRx?

SmithRx is backed by 1 key investors including Venrock. These investors focus on sectors.

SmithRx Investor Overview

1
Key Investors
0
Focus Areas
0
Notable Investments

Complete List of SmithRx Investors

Venrock

What sectors do SmithRx investors focus on?

The investors backing SmithRx primarily focus on sectors.

Featured Investor: Venrock

Venrock

Notable Investments:

What are SmithRx's future plans?

SmithRx SmithRx aims to continue expanding its transparent PBM model while introducing innovative solutions to reduce drug costs.

SmithRx Strategic Outlook

Strategic Focus
Defined
2
Key Challenges
2
Growth Opportunities

What challenges does SmithRx face?

SmithRx has identified 2 key challenges that need to be addressed for continued growth and success.

Key Challenges for SmithRx

1

Navigating a complex healthcare landscape

2

Competing against entrenched PBM giants

What opportunities does SmithRx have?

SmithRx has identified 2 key opportunities for growth and market expansion.

Growth Opportunities for SmithRx

1

Growing demand for cost transparency in pharmacy benefits

2

Potential to expand services to more employers

SmithRx Strategic Position Summary

Key Focus Areas

SmithRx is addressing 2 strategic challenges to strengthen its market position.

Growth Potential

The company has identified 2 key opportunities for expansion and growth.

What are the latest news about SmithRx?

SmithRx has 2 recent news updates covering key business developments and market activities.

SmithRx News Overview

2
Recent Articles
Active
Media Coverage
2024-06-27
Latest Update

What is SmithRx in the news for?

SmithRx is currently featured in news for SmithRx launches PBM Evaluation methodology. and other significant business developments.

Recent News Articles About SmithRx

Article 1
2024-06-27

SmithRx launches PBM Evaluation methodology.

SmithRx introduces a new PBM Evaluation methodology optimized for drug cost savings.

businesswire.com
Read News
Article 2
2024-01-23

SmithRx received financing of $60M in Series C on Jan 1st '22.

SmithRx closes USD 60M Series C funding to enhance transparency and reduce pharmacy costs.

explorebit.io
Read News

SmithRx FAQ - Frequently Asked Questions About Founder, CEO, Funding & Company Details

Find answers to the most common questions about SmithRx including information about founders, CEO, funding history, investors, headquarters location, and company details. 15 frequently asked questions covering key information about the company.

SmithRx Questions & Answers - Company Information

Q1

What is SmithRx?

SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) focused on reducing the complexity and cost of pharmacy benefits for employers and patients.

Q2

Who founded SmithRx?

SmithRx was founded by Jake Frenz.

Q3

How much funding has SmithRx raised?

SmithRx has raised a total of $$80 Million across 7 funding rounds. The most recent funding was completed on 2024-01-23.

Q4

Who are the investors in SmithRx?

SmithRx's key investors include Venrock.

Q5

Where is SmithRx headquartered?

SmithRx is headquartered in San Francisco, United States.

Q6

When was SmithRx founded?

SmithRx was founded in 2016.

Q7

How many employees does SmithRx have?

SmithRx has 401-500 employees.

Q8

What was SmithRx's latest funding round?

SmithRx's latest funding round was a Series A round of $$9 Million completed on 2018-01-11.

Q9

What does the company do?

SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) focused on reducing the complexity and cost of pharmacy benefits for employers and patients.

Q10

How much funding?

$80 Million

Q11

Latest funding date?

2024-01-23

Q12

Who are the investors?

Venrock

Q13

What are the challenges?

Navigating a complex healthcare landscape Competing against entrenched PBM giants

Q14

What are the opportunities?

Growing demand for cost transparency in pharmacy benefits Potential to expand services to more employers

Q15

Latest news?

SmithRx introduces a new PBM Evaluation methodology optimized for drug cost savings. SmithRx closes USD 60M Series C funding to enhance transparency and reduce pharmacy costs.

More Information About SmithRx

For additional details about SmithRx, including the latest news, funding updates, and company developments, explore our comprehensive company database. Find information about startup funding, company valuations, executive leadership, and business intelligence data.