Alto Pharmacy

Alto Pharmacy

Digital pharmacy offering same-day medication delivery

About Alto Pharmacy

Simplify's Rating
Why Alto Pharmacy is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Rating Differentiation

Industries

Healthcare

Company Size

501-1,000

Company Stage

N/A

Total Funding

$683M

Headquarters

San Francisco, California

Founded

2015

Overview

Alto Pharmacy operates as a digital pharmacy that delivers medications directly to customers' homes on the same day. This service is designed for individuals who may not have the time to visit a traditional pharmacy. Alto Pharmacy employs licensed pharmacists who are accessible through the Alto app, allowing customers to ask questions about their medications, including concerns about side effects. Additionally, Alto Pharmacy helps customers save money by actively searching for coupons and discounts to provide medications at lower prices. The company generates revenue through the sale of medications and has recently joined the Team Cuban Card pharmacy network, which may help expand its reach. The main goal of Alto Pharmacy is to enhance convenience and customer care in the medication delivery process.

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Simplify's Take

What believers are saying

  • Alto raised $120 million, indicating strong investor confidence.
  • Partnership with Cuban's Cost Plus expands access and potential customer base.
  • Telehealth integration enhances service offerings and patient convenience.

What critics are saying

  • Amazon Pharmacy's expansion threatens Alto's market share in major cities.
  • Tough fundraising market may limit Alto's future capital acquisition.
  • Contamination at Novo Nordisk could disrupt Alto's diabetes drug supply.

What makes Alto Pharmacy unique

  • Alto offers same-day medication delivery, enhancing convenience for busy individuals.
  • The company provides pharmacist consultations via an app, improving customer care.
  • Alto actively searches for medication savings, offering cost-effective solutions.

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Funding

Total Funding

$683M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Convertible Funding Comparison
Coming Soon

Benefits

Generous time off

Comprehensive medical, dental, & vision plans

401k

Life & disability insurance

Parental leave

Equity

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-1%
Transmission Digest
Mar 8th, 2025
Alto introduces PowerPack for GM 6L80E, 6L90E

Alto has introduced a high-performance PowerPack for GM 6L80E and 6L90E transmissions, model years 2006 and on.

Bloomberg
Nov 26th, 2024
SoftBank-Backed Alto Pharmacy Raises $40 Million Via Convertible Note

Alto Pharmacy, a digital pharmaceutical startup based in San Francisco, has raised at least $40 million from investors in the form of a convertible note, according to people familiar with the matter.

PYMNTS
Nov 25th, 2024
How Alto Pharmacy Is Redefining The Pharmacy Experience Through Digital Innovation

Alto Pharmacy is changing the pharmacy experience by leveraging digital solutions to improve patient care, streamline medication access and lower costs, said Karen Martell, vice president of enterprise partnerships for Alto Pharmacy. In an interview with PYMNTS, Martell explained the company’s business model is designed to raise adherence rates by eliminating barriers associated with traditional pharmacies, whether it’s finding the time to go to a pharmacy, waiting in line, sticker shock at the cost of a medication, insurance coverage or accessing expert care. “What started as two founders hand-delivering medication to patients has evolved into a full-service, digital pharmacy that’s served more than 500,000 patients,” Martell said. “We also recently launched Alto Technologies, our enterprise services offering that empowers pharmaceutical companies, digital health providers, and others across the industry with tailored technology solutions that elevate the patient experience, improve medication access and delivery, and set new standards for convenience, cost, and care

PYMNTS
Mar 27th, 2024
Digital Platforms Streamline Medication Access And Delivery

In recent years, the healthcare industry has witnessed a significant transformation, driven by technological advancements and shifting consumer expectations. One of the most significant advancements lie in the integration of digital tools and solutions aimed at streamlining medication access and delivery. This shift holds promise, particularly for older adults seeking convenience, accessibility and affordability in their healthcare journey. One of the latest developments in this space comes from Amazon Pharmacy, which recently expanded its same-day delivery service for prescription medication to encompass New York City and the greater Los Angeles area, adding to its coverage in five cities

Now Habersham
Nov 2nd, 2023
Baldwin Council to finalize fire services plan with Alto

Alto has already signed the agreement with Baldwin.

There are no jobs for Alto Pharmacy right now.

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