Phlo, a UK-based on-demand digital pharmacy, has successfully secured its initial £1.65 million funding target on equity crowdfunding platform Crowdcube. The funding round, which recently launched, has already attracted more than 260 Crowdcube investors
Launched late last year, Phlo claims it is on a mission to become the UK’s leading on-demand digital pharmacy. The company states it “empowers” patients to better manage their healthcare by helping them to easily order and track their prescriptions in real-time.
“We are laser focused on patient care, reflected in our 5-star Trustpilot reviews. Our qualified pharmacy team are on hand through email, live chat and phone to support our patients. Phlo provides the UK’s first large-scale real-time delivery service, enabling patients living within the London area to order and receive their medication within a 4-hour window.”
Phlo also noted that 29 million patients in England are on an NHS repeat prescription with a market value of £15.6 billion.
“With an aging population, the market opportunity is substantial. Additionally, COVID-19 has greatly increased demand for telemedicine and digital pharmacy services. With 43% of adults in England on at least one prescription, Phlo is helping put patients back in control of their medication – anytime, anywhere.”
Funds from the Crowdcube round will be used to continue the growth and development of the Phlo campaign. The initiative is set to close mid-November.
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