Medino raises 5.6m in Series A funding to scale its digital pharmacy platform
The London startup secured Series A backing from previous investors and new participants to accelerate growth.
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 online pharmacy medino has secured 5.6m in a Series A financing round to accelerate its commercial expansion. The capital will be deployed to increase marketing reach and drive further customer acquisition across the domestic market following rapid growth during the year. Arctic Securities acted as sole manager for the transaction, with previous backers also contributing to the raise.
From the founder
"We have seen how our service has not only managed to cope with increasing demand but the testimonials from customer’s shows that fast, reliable and safe deliveries of pharmacy products is here to stay. With this funding we will accelerate our growth and promote our service to the masses. We are excited to be at the forefront of the digitisation of pharmacy shopping."
Lars Elfversson
CoFounder at medino
Use of funds
- 01Invest in sales and marketing
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About the company
medino
Medino operates a digital pharmacy platform offering online shopping and delivery for health essentials.