The mail order pharmacy industry in the US revolutionizes how medications reach consumers. It involves companies that dispense prescriptions directly to patients' homes, often through online platforms. These firms range from established retail chains to innovative startups specializing in telehealth services. In recent years, the industry's growth has accelerated due to the convenience of e-commerce and changing healthcare preferences. Additionally, technological advancements allow for tailored services, enhancing customer experience while improving medication adherence. With an increasing emphasis on accessibility and lower costs, mail order pharmacies are set to become staple players in patients' healthcare routines.


This list features 18 prominent investors operating within the mail order pharmacy sector across the US, ranging from private equity firms like Goldman Sachs located in New York to venture capital hubs such as San Francisco’s Y Combinator. Founded between 1972 and 2023, these investors vary in size from small teams of 1-10 to large institutions employing over 10,000. In 2024, these investors engaged in numerous funding rounds, showcasing their commitment to this growing market massively driven by consumer demand for convenient pharmacy solutions.


Top 18 Mail Order Pharmacy Investors in the US


1. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It specializes in providing funding and mentorship to early-stage technology companies, having successfully launched over 4,000 startups. Among its notable investments in the healthcare and pharmacy sectors are Alto Pharmacy, which raised $17 million in a Series B funding round in June 2017, and Truepill, a healthcare tech company that has received multiple rounds of funding, including a Series A of $10 million in March 2019 and a Series C of $75 million in September 2020. Truepill focuses on direct-to-patient pharmacy services and at-home lab testing, further emphasizing Y Combinator's engagement in the mail order pharmacy industry.


2. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator founded in 2010, based in San Francisco, California. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. Notably, 500 Global has made significant investments in the mail order pharmacy sector, including Dawaai, a Pakistani online pharmacy that has raised multiple funding rounds totaling $10.5 million, and Chefaa, a Cairo-based pharmacy delivery platform that raised a seven-figure Pre-Series A round. These investments highlight 500 Global's commitment to supporting innovative startups in the healthcare and pharmacy delivery space, making them a relevant player in the mail order pharmacy industry.


3. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in several notable transactions, particularly in the health and pharmacy sectors. For instance, it participated in two seed rounds for Pharmacy Marts, raising undisclosed amounts in May 2023 and $1,000,000 in May 2022. These investments highlight the fund's commitment to supporting companies in the mail order pharmacy industry. Additionally, while the fund has also invested in healthtech companies like Nurx and Koala Health, its direct involvement with Pharmacy Marts underscores its relevance to the mail order pharmacy space.


4. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They focus on connecting startups with corporations to foster growth and innovation across various sectors, including technology and healthcare. In 2024 alone, they have made 253 investments, showcasing their active role in the venture capital landscape. Notably, they have invested in companies relevant to the mail order pharmacy industry, such as Pharmacy Marts, which raised funds in a Seed Round in May 2023, and dr Poket Inc, which secured funding in a Venture Round in October 2016. Additionally, they have supported Aumet, which raised funds through multiple rounds, and Heal, indicating a broader interest in healthcare solutions that could intersect with mail order pharmacy services.


5. StartUp Health

  • Website: startuphealth.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2011
  • Headcount: 11-50
  • LinkedIn: startuphealth

StartUp Health is a not-for-profit organization based in New York, focused on health innovation and supporting health entrepreneurs and startups through its Health Moonshot Communities. Founded in 2011, they provide resources, networking opportunities, and media content aimed at addressing significant health challenges. Notably, StartUp Health has been involved in funding Lifestores Pharmacy, which raised $1,000,000 in a seed round in February 2020 and $400,000 in a previous seed round in June 2019. These transactions highlight their active role in the mail order pharmacy sector, alongside their broader mission to promote health technology and innovation through various channels such as newsletters, podcasts, and journals.


6. FJ Labs

  • Website: fjlabs.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 169
  • LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. They provide capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. With over 1,000 companies in their extensive portfolio, many of which have achieved unicorn status, FJ Labs has demonstrated a strong track record in supporting innovative startups. Notably, they have made significant investments in the mail order pharmacy sector, including a $120 million Series F round for Alto Pharmacy in September 2023 and a subsequent convertible note in November 2024. They have also invested in Phil, a company that operates in the pharmacy space, further solidifying their relevance in the mail order pharmacy industry.


7. New Enterprise Associates (NEA)

  • Website: nea.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 1977
  • Headcount: 51-200
  • Number of deals in 2024: 57
  • LinkedIn: new-enterprise-associates

New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. NEA specializes in investment management and advisory services for startups, particularly in the technology and healthcare sectors. The firm partners with entrepreneurs to provide funding and strategic guidance, helping them navigate the challenges of building successful businesses. NEA operates through a collaborative approach, emphasizing long-term relationships with founders. Notably, NEA has invested in CareZone, which raised $50 million in Series D funding to expand its consumer reach and grow its network of pharmacy and health partners. This investment, along with an earlier Series A investment in CareZone, highlights NEA's commitment to supporting innovative healthcare solutions that intersect with pharmacy services. Additionally, NEA's portfolio includes other healthcare-related investments, reinforcing their active role in the healthcare sector.


8. Gaingels

  • Website: gaingels.com
  • Type: Venture Capital
  • Headquarters: Burlington, Vermont, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 60
  • LinkedIn: gaingels

Gaingels is a venture capital firm founded in 2015, based in Burlington, Vermont, dedicated to investing in companies with diverse leadership. The firm provides capital and support to startups, particularly those led by underrepresented groups, to foster diversity and inclusion in the innovation economy. Gaingels has been involved in several notable transactions in the healthcare sector, including investments in Cabinet Health, which focuses on providing accessible pharmacy services, and Remedial Health, a Nigerian health-tech startup that aims to expand pharmacy access in rural areas. These investments highlight Gaingels' commitment to supporting innovative solutions in the pharmacy and healthcare industries, alongside their mission to enhance board diversity through scholarship programs and advisory services.


9. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a leading investment bank and financial services firm based in New York, providing a wide range of services including investment banking, asset management, and wealth management. Founded in 1998, the firm serves a diverse clientele, helping them navigate complex financial challenges. In the context of the mail order pharmacy industry, Goldman Sachs has made notable investments, including a significant $216 million in PharmEasy in April 2024, which is a major player in the online pharmacy market. They also provided $117 million in debt financing to MedPlus in January 2018, another key player in the pharmacy sector. Furthermore, their involvement in the funding round for Pharmacierge, which secured £2.4 million in April 2023, showcases their commitment to supporting innovative pharmacy solutions. These transactions highlight Goldman Sachs' strategic interest in the mail order pharmacy industry, making them a relevant investor in this space.


10. Tiger Global

  • Website: tigerglobal.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 25
  • LinkedIn: tiger-global-management

Tiger Global Management, LLC is a prominent investment firm based in New York, specializing in both public and private equity investments. Founded in 2001, the firm manages approximately $50 billion and focuses on innovative companies leveraging technology across various sectors. Notably, Tiger Global has invested in PharmEasy, a leading mail order pharmacy, which raised $350 million in a Series E funding round, indicating their commitment to the pharmacy sector. Additionally, they have invested in Ophelia, a digital health startup focused on opioid recovery, which highlights their interest in healthcare innovations. Their diverse portfolio includes investments in companies like Oscar Health and Rightway, further showcasing their engagement in the healthcare and pharmacy industries.


11. SV Angel

  • Website: svangel.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2009
  • Headcount: 1-10
  • Number of deals in 2024: 44
  • LinkedIn: sv-angel

SV Angel is a venture capital firm based in San Francisco, California, founded in 2009. The firm specializes in early-stage and growth-stage investments, primarily in the technology sector. SV Angel is known for providing financial backing, strategic advice, and access to a vast network of industry experts to help startups navigate business challenges. Among their notable transactions, they have invested in companies like GoodRx, which raised $1.5 million in a seed round in 2011 and focuses on prescription drug pricing, and Nurx, which raised $120,000 in a pre-seed round in 2016, providing telehealth and mail order pharmacy services. Additionally, they invested in NimbleRx, which raised $12 million in a Series A round in 2015, further emphasizing their involvement in the mail order pharmacy sector. These investments highlight SV Angel's commitment to fostering innovation in healthcare and pharmacy-related technologies.


12. BoxGroup

  • Website: boxgroup.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2009
  • Headcount: 1-10
  • Number of deals in 2024: 51
  • LinkedIn: boxgroup

BoxGroup is a venture capital firm based in New York, founded in 2009, that specializes in investing in early-stage startups across a variety of sectors, including fintech, climate, and software. They are known for providing capital and support to founders, helping them scale their businesses and foster innovation. Notably, BoxGroup has made significant investments in the mail order pharmacy space, including PillPack, which raised $3.5 million in Series A funding in July 2013, and Truepill, which raised $10 million in Series A funding in March 2019. These investments highlight BoxGroup's commitment to the healthcare sector, particularly in companies that are transforming the way pharmaceuticals are delivered to consumers. Their recent investment in Photon Health further emphasizes their ongoing interest in healthcare innovation.


13. Liquid 2 Ventures

  • Website: liquid2.vc
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 91
  • LinkedIn: liquid-2-ventures

Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in technology startups at the pre-seed and seed stages, as well as growth-stage companies. They provide capital, mentorship, and access to a vast network of industry insiders to help founders navigate their entrepreneurial journeys. Notably, Liquid 2 Ventures has invested in several companies relevant to the mail order pharmacy industry, including Truepill, which raised funds in a seed round in 2017 and operates as a pharmacy fulfillment service. They also invested in Nurx, which raised funds in a Series B round in 2017 and focuses on telehealth and prescription delivery services. These investments highlight Liquid 2 Ventures' engagement in the healthcare and pharmacy sectors, making them a relevant player in the mail order pharmacy space.


14. CVS Health

  • Website: cvshealth.com
  • Type: Corporate
  • Headquarters: Woonsocket, Rhode Island, United States (USA)
  • Founded year: 1963
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: cvs-health

CVS Health Corporation, founded in 1963 and based in Woonsocket, Rhode Island, is a leading healthcare provider that offers a wide range of services, including retail pharmacy, health insurance through Aetna, and health services via MinuteClinic. The company operates an extensive network of pharmacies and clinics, providing accessible healthcare solutions and wellness products. Notably, CVS Health has made several strategic acquisitions to enhance its pharmacy operations, including the acquisition of EntrustRx, a specialty pharmacy business, which underscores its commitment to expanding its mail order pharmacy capabilities. Other significant acquisitions include Navarro Discount Pharmacy, Sav-OnOsco, Eckerd, and Apothecary By Design, all of which contribute to CVS's robust pharmacy network and service offerings. These transactions reflect CVS Health's strategy to strengthen its position in the pharmacy market, including mail order services.


15. Goodwater Capital

  • Website: goodwatercap.com
  • Type: Venture Capital
  • Headquarters: Burlingame, California, United States (USA)
  • Founded year: 2014
  • Headcount: 51-200
  • Number of deals in 2024: 41
  • LinkedIn: goodwater-capital

Goodwater Capital is a venture capital firm based in Burlingame, California, founded in 2014. The firm specializes in consumer technology and supports seed-stage entrepreneurs by providing investment, resources, and a community to help them grow. Goodwater Capital focuses on various sectors, including healthcare and financial services, with a mission to improve access to technology solutions for underserved communities. Notably, they have participated in several relevant transactions in the healthcare space, such as Scriptco, a mail order pharmacy that raised funds in 2022, and Farmako, which raised $1.6 million in 2024. Their involvement in these companies highlights their interest in the pharmacy sector and positions them as a potential investor in mail order pharmacy innovations.


16. General Catalyst


General Catalyst is a venture capital firm founded in 2000, based in San Francisco, California. The firm specializes in early-stage and growth investments across various industries, including technology and healthcare. They provide capital and strategic guidance to help startups scale their operations effectively. Notably, General Catalyst has invested in Sesame, a direct-pay healthcare marketplace that has raised significant funding to expand its services, including telehealth. Their involvement in Sesame, which has raised a total of $75 million since its inception, highlights their interest in innovative healthcare delivery models. Additionally, they have invested in Oscar Health, a company that has raised substantial capital to enhance its insurance offerings and improve healthcare access. These transactions reflect General Catalyst's commitment to supporting companies that aim to transform the healthcare landscape, making them a relevant player in the mail order pharmacy space.


17. GV (Google Ventures)

  • Website: gv.com
  • Type: Venture Capital
  • Headquarters: San Francisco Bay Area, California, United States (USA)
  • Founded year: 2009
  • Headcount: 51-200
  • Number of deals in 2024: 74
  • LinkedIn: gv

GV (Google Ventures) is a venture capital firm based in the San Francisco Bay Area, founded in 2009. With over $10 billion in assets under management, GV focuses on funding and supporting innovative technology startups across various sectors, including life sciences and artificial intelligence. Notably, GV has invested in One Medical, a concierge medical group that raised significant funding to enhance healthcare delivery through technology. Additionally, GV led a Series A funding round for Waltz Health, a startup dedicated to reducing prescription drug costs and improving market transparency, which is highly relevant to the mail order pharmacy industry. These transactions highlight GV's active role in the healthcare sector, particularly in areas that intersect with pharmacy services.


18. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, dedicated to fostering private sector development in emerging markets. Based in Washington, D.C., the IFC provides investment, advisory, and asset management services to businesses and financial institutions, helping them access capital and expertise to promote economic growth. With operations in over 100 countries, the IFC addresses poverty challenges and promotes sustainable development. Notably, the IFC has made significant investments in the healthcare sector, including a $70 million Series D investment in 1mg, an online pharmacy that raised a total of $17.8 million in debt financing in 2020. Additionally, the IFC has engaged in debt financing for other healthcare-related companies, such as Eurofarma and Avenue Group, indicating a commitment to enhancing healthcare access and services in emerging markets.



Mail Order Pharmacy Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
500 GlobalSan Francisco, California, United States (USA)201-500201098
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
StartUp HealthNew York, New York, United States (USA)11-5020110
FJ LabsNew York, New York, United States (USA)11-502015169
New Enterprise Associates (NEA)Menlo Park, California, United States (USA)51-200197757
GaingelsBurlington, Vermont, United States (USA)11-50201560
Goldman SachsNew York, New York, United States (USA)10001+199859
Tiger GlobalNew York, New York, United States (USA)51-200200125
SV AngelSan Francisco, California, United States (USA)1-10200944
BoxGroupNew York, New York, United States (USA)1-10200951
Liquid 2 VenturesSan Francisco, California, United States (USA)1-10201591
CVS HealthWoonsocket, Rhode Island, United States (USA)10001+196313
Goodwater CapitalBurlingame, California, United States (USA)51-200201441
General CatalystSan Francisco, California, United States (USA)51-2002000144
GV (Google Ventures)San Francisco Bay Area, California, United States (USA)51-200200974
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107


Want to find more investors focusing on the mail order pharmacy industry?

If you want to find more investors that are active in the mail order pharmacyindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!