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- The Pill Club
The Pill Club Funding, Investors & Competitors
The Pill Club has raised $104M across 5 funding rounds, most recently a $42M Series B in June 2021.
Last The Pill Club funding round
$42M
Series B · Jun 2021
Cumulative funding The Pill Club raised
$104M
across 5 funding rounds
Key investors in The Pill Club
Shasta Ventures
GV
Base10 Partners
VMG Partners
500 Global
ACME Capital
Mark Vadon
Dara Khosrowshahi
About The Pill Club
The Pill Club is a New York-based telemedicine provider specializing in birth control prescriptions, skincare treatments, and menstrual care products for women. The company ships personalized medication kits directly to customers' doors after virtual consultations with licensed clinicians. It operates in 35 US states and partners with over 100 pharmacies nationwide. Founded in 2014, The Pill Club emphasizes discreet packaging and subscription models for ongoing wellness needs like acne treatments and emergency contraception.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
The Pill Club Funding History
The Pill Club has raised a total of $104M across 5 funding rounds.
The Pill Club's first fundraising round was a $100K pre-seed round in May 2016. The most recent completed round was a $42M Series B in June 2021.
The Pill Club funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2021 | Series B | BASE 10 (lead); VMG Partners; GV; iGlobe; George Ruan; Dara Khosrowshahi; Shasta Ventures; Acme | $42M | The Pill Club, a birth control delivery startup founded in 2016, raised $41.9 million in a Series B extension round on June 14, 2021, led by Base 10 Partners with participation from existing investors ACME, GV (Google Ventures), Shasta Ventures, VMG Partners, and new investors including Uber CEO Dara Khosrowshahi, Honey co-founder George Ruan, and iGlobe Partners. This followed a $51 million Series B in 2019 led by VMG Partners at a reported $250 million valuation, with the 2021 extension described as an up-round though the company declined to disclose the exact new figure. The funds were earmarked for expanding services beyond contraception, such as a dermatology pilot in California and period care, hiring, and reaching all 50 U.S. states for prescription delivery by year-end, having recently launched in its 47th state. The company provides mail-order reproductive health services, delivering over 120 FDA-approved birth control brands via virtual consultations, online questionnaires, and pharmacy fulfillment, with prices starting at $0 for insured patients and $9 for cash-pay. It generates revenue from medical visits, insurance reimbursements for prescriptions, and cash patients, embedding with plans like Medi-Cal and Family PACT; 16% of new patients in the prior three months were on Medicaid. Under new CEO Liz Meyerdirk (joined January 2021 from Uber Eats), the startup achieved a $100 million run rate in 2020 and reached profitability for multiple months. With nearly 350 employees, The Pill Club aimed to build a comprehensive digital women's health platform addressing primary care, with a focus on diversity in hiring and empowering women through accessible services including complimentary products in discreet packages. The company later faced challenges, filing for bankruptcy/admin in April 2023 and completing an asset sale to Thirty Madison on June 13, 2023, after raising a total of approximately $118.49 million across 13 rounds. |
| Jan 2019 | Series B | VMG Partners (lead); GV; ACME Capital; Shasta Ventures; Base10 Partners | $51M | The Pill Club is an online telemedicine and direct-to-consumer pharmacy platform that provides prescription birth control, emergency contraceptives, and related women's health products. Founded in 2016 by Nick Chang (an M.D. from Duke University and repeat healthcare entrepreneur), the company operates its own pharmacy and is licensed to prescribe medication in 35 states, serving customers across all 50 states. The company couples healthcare services with at-home delivery and combines telemedicine with pharmacy operations to streamline access to contraception. On January 22, 2019, The Pill Club announced a $51 million Series B funding round led by VMG Partners, with participation from new investors GV (Google Ventures) and ACME Capital (formerly Sherpa Capital), as well as existing investors Base10 Partners and Shasta Ventures. This brought the company's total raised to $67 million at that time. The company declined to disclose its post-money valuation for this round. With the Series B capital, founder and CEO Nick Chang stated plans to scale the business by 50 percent, expand the company's 260-person workforce by an additional 50 percent over the following year, automate operations through technology improvements, expand prescription services across all U.S. states, explore launching additional women's healthcare services, and broaden educational content offerings for customers. The Pill Club was actively addressing the broader $20 billion women's health market at the time of the raise. |
| Feb 2018 | Series A | Base10 Partners (lead); Shasta Ventures (lead); Mark Vadon | $8M | - |
| Oct 2016 | Seed | - | $2M | - |
| May 2016 | Pre-seed | 500 Global | $100K | - |
Who has invested in The Pill Club?
12 investors have backed The Pill Club across its funding rounds, including Shasta Ventures, GV, Base10 Partners, VMG Partners, 500 Global and ACME Capital.
Lead investors include BASE 10, VMG Partners, Base10 Partners and Shasta Ventures.
The Pill Club Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2018 | ||
| 2 | Lead | Jan 2019 | ||
| 2 | Participant | Jan 2019 | ||
| 2 | Lead | Feb 2018 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jan 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 12 The Pill Club investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialThe Pill Club Competitors
The Pill Club competitors include listed companies like Talkspace and Max Healthcare Institute, and private ones like Sword Health, Maven Clinic, Pristyn Care and NexHealth.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $240M | - | $4B | 16.7x | ||
| Private | $268M | - | $1.7B | 6.3x | ||
| Private | $64M | - | $1.4B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $229M | $6M | $871M | 3.4x | ||
| Publicly listed | $858M | $232M | $10B | 10.2x |
The Pill Club Public Comps
The Pill Club is still privately-owned, but its public comps include Max Healthcare Institute, Oscar Health, Hims, Ping An Healthcare, JMDC, GoodRx, Teladoc, Talkspace, Guiyang Longmaster and Medley Inc..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $858M | $232M | 12.6x | 10.2x | 46.5x | 36.8x | |||
| $12B | ($391M) | 0.5x | 0.4x | (15.9x) | 12.8x | |||
| $2.3B | $178M | 3.1x | 2.4x | 40.4x | 23.9x | |||
| $815M | $52M | 0.9x | 0.9x | 13.4x | 16.9x | |||
| $324M | $88M | 5.0x | 4.6x | 18.4x | 17.9x | |||
| $797M | $173M | 1.8x | 1.8x | 8.1x | 5.5x | |||
| $2.5B | $124M | 0.6x | 0.6x | 11.3x | 5.0x | |||
| $229M | $6M | 3.4x | 3.4x | 129.3x | 49.4x | |||
This data is available for Pro users. Sign up to see all The Pill Club competitors and their valuation data. Start Free Trial | ||||||||
Common questions about The Pill Club
| When was The Pill Club founded? | The Pill Club was founded in 2014. |
| Where is The Pill Club headquartered? | The Pill Club is headquartered in Topeka, KS, United States. |
| Is The Pill Club publicly listed? | No, The Pill Club is a private, VC-backed company. |
| How much funding has The Pill Club raised? | The Pill Club has raised $104M across 5 funding rounds. |
| What was The Pill Club's last funding round? | The Pill Club's last funding round was a $42M Series B in June 2021, led by BASE 10. |
| Who are The Pill Club's investors? | The Pill Club's investors include Shasta Ventures, VMG Partners, GV, Base10 Partners, BASE 10, iGlobe, George Ruan, ACME Capital, Dara Khosrowshahi, Acme and 2 others. |
| Which companies are comparable to The Pill Club? | Companies comparable to The Pill Club include Sword Health, Maven Clinic, Pristyn Care, NexHealth, Talkspace and Max Healthcare Institute. |
See companies similar to The Pill Club
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