Seattle startup Prescryptive Health raised $26 million for its prescription data platform software.
Founded in 2017 by Microsoft commercial cloud vets Chris Blackley and Kevin Young, the company works with employers to help inform employees about prescription drug prices and other related information. It has direct connection to more than 50,000 pharmacies in its national network. The platform integrates in real-time with benefit plans and providers at the point of care.
“Our platform reduces benefit costs without reducing benefits — that’s good for both employers and employees, especially during this time,” Blackley said.
Morningside Ventures led the round, which included participation from SeaChange Fund and Pallasite Ventures. Morningside co-founder Dr. Gerald Chan joined the board.
Total funding to date for the 30-person company is $35 million.
Prescryptive is one of many digital health startups attracting investor interest this year. Venture funding for the U.S. digital health sector is expected to break a new record in 2020; companies already raised $5.4 billion through June, according to RockHealth.