iApotheca Healthcare Inc.
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iApotheca Healthcare Inc. - overview
Established
2014
Location
-, ON, Canada
Primary Industry
Software
About
iApotheca Healthcare Inc. , based in Peterborough, Ontario, Canada, specializes in pharmacy software solutions, enhancing the efficiency of pharmacy operations through innovative delivery and inventory management systems. Founded in 2014, iApotheca Healthcare Inc. focuses on providing pharmacy software solutions.
The company has completed 2 deals, with its most recent funding round being an Angel round on October 29, 2021, raising CAD 470,000 from investors including Leva Capital, The York Angel Investors, and Valhalla Private Capital. The CEO, Spencer Turbitt, leads the organization in its mission to support pharmacies across Canada with reliable software solutions. iApotheca Healthcare specializes in pharmacy software solutions, primarily offering the iApotheca Pharmacy Delivery Software and the iApotheca Narcotics Reconciliation Module. The Pharmacy Delivery Software streamlines delivery processes for over 1,000 pharmacies in Canada, enabling efficient management of delivery logistics and enhancing patient access to medications.
The Narcotics Reconciliation Module improves inventory management, reducing reconciliation time by up to 80%, thereby aiding in compliance and accurate reporting for inspections. iApotheca Healthcare generates revenue through subscription-based models for its software solutions. Pharmacies subscribe to the iApotheca Pharmacy Delivery Software and the Narcotics Reconciliation Module, which may involve tiered pricing based on the pharmacy's size and specific needs. Subscription fees include software updates and customer support, allowing pharmacies to enhance operational efficiencies and compliance capabilities.
Following its recent Angel funding of CAD 470,000 in October 2021, iApotheca Healthcare Inc. plans to accelerate the development of its econoRoute prescription delivery system. This growth strategy includes adding key team members and expanding the econoRoute network to improve service delivery efficiency. The company aims to enhance its product offerings to meet increasing market demands and potentially target further geographic expansion within Canada.
Current Investors
Red Thread Ventures, The York Angel Investors, Valhalla Private Capital
Primary Industry
Software
Sub Industries
Healthcare IT, Pharmaceuticals, Medical Software
Website
www.iapotheca.com
Verticals
HealthTech
Company Stage
Angel & Seed
Total Amount Raised
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