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Published

Industry
Digital Health, PharmaTech, Marketplaces
Headquarters
Los Angeles, CA
Employee Count
10
Year Founded
2021
Amount raised
$2M
Business model
SaaS subscription, B2B marketplace with a 10% take rate
Early traction
$2.7M ARR, 33% MoM growth, profitable operations

Setting the Scene

  • Every year, independent pharmacies, making up 36% of all U.S. locations, lose hundreds of thousands of dollars to expired inventory.

  • To stay competitive with national chains, they must stock a broad range of medications, even those that rarely get filled.

  • However, that breadth comes at a cost: drugs sit on shelves longer, cash gets tied up, and margins shrink, especially for smaller operators.

  • This weekโ€™s company helps pharmacies offer more without wasting more, by cutting the surplus costs that strain their margins.

In a Sentence

RxPost is an inventory platform and marketplace helping pharmacies manage, resell, and optimize surplus inventory.

  • Platform: Pharmacies use RxPost to track inventory, manage purchases, and flag surplus medications before they become costly waste, streamlining operations and improving purchasing decisions.

  • Marketplace: A secure, compliant marketplace where pharmacies list surplus medications and sell directly to vetted buyers such as pharmacies, wholesalers, and other licensed healthcare entities.

Bulleted Version

Just like Amazon powers third-party sellers with both logistics tools and a massive marketplace, RxPost equips independent pharmacies with inventory software and a resale platform to recover value from surplus meds.

Due Diligence

What We Like

  • Market Opportunity: Independent pharmacies spend $4.4M a year on medications, and with 3.5% expiring, about $150,000 per pharmacy, waste adds up quickly across more than 19,000 locations nationwide.

  • Strategic Expansion Path: By starting with surplus management and expanding into clinical tools such as billing, accreditation, and training, RxPost is building an all-in-one system that helps independent pharmacies compete with national chains.

  • Network Effects: Every new pharmacy strengthens the network by both saving money and adding inventory others can buy, fueling a virtuous cycle of cost savings, transparency, and liquidity.

Potential Risks

  • Workflow Integration: Pharmacies rely on varied and sometimes outdated systems, which could make seamless integration challenging in the early stages.

  • Inventory Quality Assurance: Ensuring surplus medications are stored, handled, and verified correctly across sellers may introduce operational or legal challenges at scale.

  • Scaling Sales: With thousands of independent pharmacies, customer acquisition may require highly localized, resource-intensive efforts to grow efficiently.

Founder Profile

AB
Amantha Bagdon, CEO
20 years of pharmacy tech experience.

Comps

  • InStockRx: A pharmacy-to-pharmacy marketplace enabling surplus stock listing and acquisition; less SaaS and inventory management capabilities.

  • MatchRX: Marketplace designed for independent pharmacies to buy/sell overstock non-controlled prescription drugs and access wholesale pricing, no SaaS or inventory management that RxPost provides.

  • EzriRx: A pharmaceutical purchasing platform where pharmacies of any size can access tens of thousands of SKUs from a broad wholesaler network, limited marketplace focus for pharmacies needing rapid and one-off medications.

WhyRxPost

By transforming surplus inventory into recovered value and equipping independent Pharmacies with chain-level operational tools, RxPost might be the cure for helping independent pharmacies compete with the chains.

*Nothing in this content constitutes investment or legal advice. Conduct independent diligence and consult professional advisers before making investment decisions.*

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