iApotheca Healthcare grabs C$470k in angel financing

Peterborough, Ontario-based iApotheca Healthcare, a pharmacy software operations platform, has secured C$470,000 in angel financing.

Peterborough, Ontario-based iApotheca Healthcare, a pharmacy software operations platform, has secured C$470,000 in angel financing. The round’s backers included Leva Capital, York Angels, and Valhalla Angels. The funds raised will allow iApotheca to accelerate their EconoRoute prescription delivery system.

PRESS RELEASE

TORONTO, Oct. 29, 2021 /PRNewswire/ — iApotheca Healthcare Inc., the developers of a leading Canadian pharmacy software operations platform, has announced the closing of a $470k angel funding round. iApotheca will use the funds to accelerate their EconoRoute™ Prescription Delivery System through the addition of key team members, ongoing platform development and the expansion of the EconoRoute™ network.

“Prescription delivery is revolutionizing the way people interact with their chosen pharmacy,” said Spencer Turbitt, co-founder and CEO of iApotheca. “We would like to thank Leva Capital, York Angels, and Valhalla Angels for their investment in our company. Their investment and advice are allowing us to accelerate our plans to achieve our vision for the pharmacy delivery space.”

iApotheca specializes in streamlining pharmacy operations, particularly in prescription delivery service, to help pharmacies grow their revenue. In recent years, the demand for prescription delivery has seen a sharp rise. iApotheca’s EconoRoute™ prescription delivery software supports the demand with an easy-to-use, low-cost, one-stop solution for pharmacies of all sizes.

“Leva Capital is thrilled to announce the addition of iApotheca into our investment portfolio,” said Eddie Gobran, Managing Partner. “Their strategy aligns with our vision of investing in health technology that will improve the healthcare experience for Canadians. We are confident in iApotheca’s team to execute their strategy and deliver a great experience to pharmacies across Canada.”

EconoRoute™ includes features that make it an ideal delivery solution for any business. Its unique physics-based instant routing and real-time driver tracking are high-performance tools. Built-in pay-at-the-door functionality also makes it easy for businesses to track accounting.

iApotheca’s years of expertise in supporting pharmacies in doing business more efficiently make EconoRoute™ more than just another prescription delivery service. The software has the added benefit of built-in compliance tools, cold-chain prioritization, and inherent patient privacy measures, all crucial for compliance. Taken together, these tools make EconoRoute™ a must-have for prescription delivery.

“Willowgrove Pharmacy has been using EconoRoute™ since its inception. After spending much time researching delivery platforms, EconoRoute™ came out the clear winner,” said Devon Elias, owner of Willowgrove Pharmacy in Manitoba. “The application does everything we need it to do. Optimization of routes, easy set up of regular repeat deliveries, tracking and signature requirements are all in one application, allowing for a single program to be our delivery central. Willowgrove Pharmacy employs three full-time positions for delivery of product and services and EconoRoute™ easily organizes it all.”

For more information about EconoRoute™, visit www.iapotheca.com. Or follow @iApotheca on Twitter, Facebook, Instagram, or LinkedIn.

About iApotheca
iApotheca Healthcare is a pharmacy software company dedicated to helping pharmacies grow revenue and streamline operations. Since the release of their narcotics reconciliation module in 2015, iApotheca has served more than 1,000 pharmacies across Canada and the U.S.