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SmithRx raises USD20m in Series B led by Venrock

SmithRx, a next-generation pharmacy benefits management company, has closed a USD20 million series B financing round, following a year of record growth in which the company surpassed 1,100 employer clients. 

Venrock led the oversubscribed round and was joined by existing investors, including Founders Fund. 

The proceeds will support Smith’s plans for continued growth as it becomes the leader in next-generation pharmacy benefits management (PBM).

With this round, Venrock partner Bryan Roberts has joined the Board of Directors partner Bob Kocher, another Venrock partner and MD is a Board Observer.

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