Charac raises £1.2m from the National Pharmacy Association and pharmacy owners to expand its pharmacy app
The funding follows a previous £1m investment from Royal Mail and supports independent pharmacies transitioning to digital operations.
Charac provides a cloud-native software platform that integrates with the NHS to streamline operations and digitise independent pharmacies. Total funding has reached roughly £4m following its latest financing round.
Charac has secured £1.2m in debt and equity financing to help independent pharmacies adapt to the operational pressures of the government's Pharmacy First initiative. The funding was provided jointly by the National Pharmacy Association and pharmacy owners. This latest injection follows a previous £1m investment from Royal Mail and brings the company's total funding to £2.5m.
Independent pharmacies across England are facing acute operational hurdles, including rising costs and staff shortages, alongside increased demand for clinical services. Charac intends to use the capital to support the digital transition of community pharmacies, allowing them to manage repeat prescriptions, access patient records, and conduct patient consultations through its NHS-integrated application.
From the founder
"Longer-term this is good news, but right now many pharmacies are focusing more on survival and will struggle to fulfil the new expanded role planned for them by the Government"
Santosh Sahu
CEO at Charac
Investor perspective
"Our aim is to help independents become more than a match for the national pharmacy chains in terms of their digital interface with patients"
Simon Tebbutt
Director of Membership, National Pharmacy Association
Investors
Categories
About the company
Charac
Charac provides a digital platform that integrates with the NHS to streamline independent pharmacy operations.