US-based birth control delivery service The Pill Club landed $51m on Tuesday in a series B round that included GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet.
Private equity firm VMG Partners led the round, which included investment adviser Acme Capital as well as venture capital firms Shasta Ventures and Base10 Partners, and which increased the company’s overall funding to $67m.
The Pill Club has developed a mobile app that enables women to receive prescription birth control drugs, emergency contraceptives and female condoms from the company’s pharmacy, also providing advice that can help users decide which option is right for them.
The company’s team of doctors, nurses and care providers help its members with the prescription process, particularly for those who may not have direct access a doctor.
The series B funding will be used by The Pill Club to expand its prescription services, invest in its technology and bolster its education services.
Nick Chang, The Pill Club’s founder and CEO, said: “Dependable, seamless and discreet are not words typically associated with obtaining birth control and contraceptives. When we launched in 2016, we realised that many new members didn’t have easy access to the prescriptions they needed.
“Our driving force has always been to put power back into the hands of women, and we are thrilled to work with our investors as we continue enabling members to make important personal decisions through our easy-to-use service.”
The Pill Club raised $8.2m from 10 unnamed investors in February 2018, according to a regulatory filing, but has not disclosed any previous funding rounds.