Medly Health Inc.

Medly Health Inc. is a US-based healthcare technology company that enhances patient access to prescription medications and pharmacy services through its innovative telehealth platform. Founded in 2017 in Brooklyn, US, Medly Health Inc. specializes in providing pharmacy services via an integrated digital platform.

The company was co-founded by Marg Patel, Sahaj Patel, and Zulai Romero. In July 2020, Medly Health raised USD 100 mn in a Series B funding round, co-led by Volition Capital and Greycroft Partners, with participation from Horsley Bridge Partners and Lerer Hippeau Ventures. The total amount raised by the company to date is USD 100 mn. Medly Health Inc.

primarily operates as a digital pharmacy, offering a variety of services including medication delivery, prescription management, and telehealth consultations. The company's platform is designed to facilitate easy access to prescription medications while ensuring adherence and patient engagement through personalized services. Medly Health generates revenue through its digital pharmacy services and partnerships with healthcare providers. By providing direct-to-consumer services, Medly Health enhances customer access to prescriptions and health management, which strengthens its revenue streams through increased usage of its platform.

Medly Health plans to utilize the USD 100 mn raised in its latest Series B funding round to expand its service offerings and enhance its platform capabilities. The company is focusing on launching new products aimed at improving patient outcomes and is targeting an expansion into additional geographic regions in the US by mid-2022. This strategic initiative aims to broaden access to their digital pharmacy services across diverse markets.