Funding round
PillSorted Seed
PillSorted, which works in pharmacy services in Cambridge, raised $6.0M in a Seed round announced on 27 Apr 2022, led by Pear VC. 4 firms took part.
$6.0M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
PillSorted did not disclose a valuation in this round. It is PillSorted's first venture round on record, 3 years after it was founded in 2019. No later venture round is on record for PillSorted.
PillSorted's funding rounds
This is the only venture round on record for PillSorted.
- Seed this round 27 Apr 2022, led by Pear VC $6.0M
Investors
Who put money in
Pear VC led the round with 3 other firms.
Lead investor
- backs 108 venture-backed companies new investor
Also in the round
- Hoxton Ventures backs 50 venture-backed companies new investor
- Edison Partners new investor
- DoorDash new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Drug Stores & Pharmacies, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Drug Stores & Pharmacies | 24 Apr 2023 | $3.0M | not disclosed | not named |
| Cryptocurrency | 6 Apr 2022 | $200M | $4.50B | not named |
| Carmoola Loans & Financing | 8 Apr 2022 | $35M | not disclosed | not named |
| Tech Companies | 1 Apr 2022 | $35M | not disclosed | Paradigm and Multicoin Capital |
| Software Development Services | 9 Apr 2022 | $35M | not disclosed | GEM Digital |
| Loans & Financing | 19 Apr 2022 | $30M | not disclosed | InfoEdge Ventures and Village Global |
| Tech Companies | 25 Apr 2022 | $17M | not disclosed | not named |
| Biotechnology | 1 Apr 2022 | $17M | not disclosed | K2VC |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did PillSorted raise in its Seed round?
PillSorted raised $6.0M in its Seed round, announced in Apr 2022.
Who led PillSorted's Seed round?
Pear VC led it, with Hoxton Ventures, Edison Partners and DoorDash.
What was PillSorted's valuation at the Seed round?
It was not disclosed.