Phil wins $10m funding for app-based prescription service
San Francisco-based healthtech start-up Phil has raised $10m in a funding round led by Crosslink Capital. Phil partners with small pharmacies to offer an app-powered prescription service, enabling patients to manage their own prescription and insurance information, as well as arrange for home deliveries. The service is free to users. Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank and Transmedia Capital also participated in the round. 
Phil, a San Francisco-based prescription refill and delivery service, has raised $10 million in a round led by Crosslink Capital. Eniac Ventures, Softtech VC, Forerunner Ventures, SV Angel, Silicon Valley Bank, and Transmedia Capital also contributed to the round.

The startup partners with local pharmacies to provide a technology-powered service that delivers customers' prescriptions directly to their door. The arrangement helps small local pharmacies to compete with large chains while allowing Phil to provide an app-powered prescription service without having to build its own pharmacy.

“We believe care coordination between doctors, insurance and pharmacies is the biggest hurdle to patients receiving their meds on time, especially so for those who take medications regularly,” Phil COE and founder Deepak Thomas said in a statement. “With larger chain pharmacies, the consumer experience is often held captive by their business model that requires patients to return to the pharmacy, often multiple times a month. With Phil, we focus on providing a hands-off, concierge experience and rather than building our own pharmacy, we chose to partner with independently-owned pharmacies with strong community roots.”

Via the Phil app, patients can manage prescription and insurance information for themselves and family members and arrange for deliveries. The app is free to use (Phil makes its money off the partner pharmacies) and the company guarantees it will match users' existing co-pay if they switch over.

The company is also tapped into the changing paradigm of care delivery. In May, Phil announced a partnership with telemedicine company Lemonaid Health allowing patients who see a Lemonaid doctor to have their prescriptions delivered by Phil.