Health tech funding snapshot—Capsule lands $200M, Optum Ventures joins $24M round in Vim and more

Digital pharmacy startups are rapidly disrupting the pharmacy sector and continue to land significant venture capital funding deals.

Pharmacy startup Capsule scored $200 million in a series C funding round led by venture capital firm TCV. Capsule’s existing investors Thrive Capital and Glade Brook Capital Partners also participated. The startup had previously raised $70 million and plans to expand outside of New York City to more large cities in the next 18 to 36 months, according to Bloomberg.

India-based digital pharmacy startup Digi-Prex is leveraging the popularity of WhatsApp to provide consumers with prescriptions and to help manage chronic diseases. The company secured $5.5 million in its seed round of funding, led by Khosla Ventures. Vedanta Capital, Y Combinator, Quiet Capital and SV Angel also joined the round. Patients can share prescriptions online or via Whatsapp, pay a subscription fee on a monthly basis and get access to discounted medicines delivered to their homes.