Bulletin: PocketPills announces a $30 million Series B round

The round was led by TELUS Ventures with follow-on participation from WaterBridge Ventures.

PocketPills, a fast-growing online pharmacy, announced the close of $30 million in Series B funding.

The round was led by TELUS Ventures with follow-on participation from WaterBridge Ventures.

“We are committed to delivering a seamless digital experience to Canadians across all of Canada,” said Raj Gulia, Co-Founder and CEO, PocketPills in a statement. “We are the fastest growing online pharmacy with national reach and are dedicated to making pharmacy accessible, easy and affordable for all.”

The investment will be used to broaden PocketPills’ product offering and accelerate its national expansion, with facilities opening in Quebec and Alberta.

Per reporting from Isabelle Kirkwood:

The Series B round follows a busy year for PocketPills, which raised its Series A round in February 2020, expanded to new provinces, and forged a number of industry partnerships. The startup claimed to see increased traction at the onset of the COVID-19 pandemic, as many patients opted for virtual consultations and contactless prescription refills.

The startup plans to triple its team from 70 to more than 200 this year.