medino raises £440k from business angels to accelerate digital pharmacy growth
The online pharmacy secured investment from angel backers with experience in e-commerce and digital health.
Medino is a London-based digital pharmacy operating an online platform for healthcare and well-being products. The company provides delivery services to customers across the UK.
London-based digital pharmacy medino has secured £440k in a funding round backed by business angels and e-commerce investors. The capital will support the company as it continues to scale its operations and expand its online pharmacy services in the UK market.
Founded to challenge traditional high-street retailers, medino offers an extensive catalogue of health and well-being products supported by same-afternoon shipping and competitive pricing. The recent investment follows a period of rapid growth, which included surpassing 50,000 monthly orders in December.
From the founder
"We see how the convenience of e-commerce has had a huge impact on multiple retail sectors, but for some reason, the general public still shops for their pharmacy needs on the high street. We think that medino can help fill the gap in this underserved sector."
Christian Jakobsson
Managing Director at medino
Investor perspective
"I’m very pleased to be on board with the medino team as they gain rapid momentum in the UK market. The team’s capabilities and their exciting entry into the market illustrate just how big of an impact they have managed to achieve. This is an opportunity to really disrupt and provide a valuable, reliable service for consumers"
Gustaf Eriksson
Angel Investor, Gustaf Eriksson
Investors
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About the company
medino
Medino operates a digital pharmacy platform offering online shopping and delivery for health essentials.