CareZone, the leading smartphone service for managing chronic health conditions, announced it secured an additional $50 million in Series D financing, bringing its total financing to $150 million. The CareZone app is now able to scan medications from every pharmacy in the nation (including Walgreens, Rite-Aid, CVS, Kroger and Walmart) to automate consumer data entry; connect scanned medication lists to free medication pill packeting and home delivery services; automate Medicare insurance analysis to help consumers lower copays; and provide a selection of subscription vitamin and supplement offerings to meet non-clinical and over-the-counter care needs.
Founded in 2012, CareZone helps individuals, families, and caregivers manage chronic health conditions. The company makes it easy to manage multiple medications, automate pharmacy refill requests, organize and share caregiving information, and access insurance services, all from a delightfully simple smartphone app. The latest funding round, led by NEA, brings CareZone’s total funding to $150 million.
CareZone facilitates prescription medication delivery throughout the nation. By working with a network of pharmacy partners, CareZone’s concierge services assist consumers in getting their prescription medications organized and delivered to their doorstep, making pharmacy more accessible to individuals and families who may be homebound or live in rural locations. This new round of funding allows CareZone to expand its consumer reach and continue to grow its network of pharmacy and health partners.
Since the company was founded in 2012, CareZone has attracted more than three million registered users who have used the app to scan more than 15 million medications, placing more than 100,000 orders for home delivery with partner pharmacies. On the iTunes app store, CareZone has 4.6 out of five stars with more than 7,000 user reviews. The Android version of CareZone’s app has 4.4 out of five stars and nearly 27,000 user reviews.
CareZone was founded by former CEO of Sun Microsystems, Jonathan Schwartz and former Microsoft and Apple engineer, Walter Smith. Jonathan and Walter were inspired to create CareZone after personally experiencing the need to manage and share care related tasks and information with spouses, family and extended family.
“There’s no reason pharmacy and healthcare should be left out of the ecommerce revolution,” said CEO and founder of CareZone, Jonathan Schwartz. “Consumers have come to depend upon simplicity, automation and predictability from the leading ecommerce companies—by leveraging medication scanning and automated analytics, CareZone is able to bring that simplicity to choosing a pharmacy, an insurance policy and care related retail products.”
In 2012, CareZone raised $13 million in a Series A round of funding led by NEA and Catamount. Since then, the company has attracted a number of marquee investors including Salesforce CEO, Marc Benioff.
Since it was founded, CareZone has launched well-loved apps for iOS and Android, partnered with major organizations including the Alzheimer’s Association, and created patent-pending medication scanning technology. CareZone works with the nation’s largest health insurers, pharmacies and pharmacy benefit managers to help consumers access the care and information they need. To find out more about CareZone, visit CareZone.com.
About CareZone
CareZone makes it easy to manage multiple medications, organize health information, and access health services from your smartphone. The company provides tools that help individuals and families organize health information, manage care, record a list of their medications, and access health and insurance services. CareZone is trusted by more than three million registered users to manage their care or the care of a loved one. As of May, 2018, the company has raised $150 million in funding from investors including NEA, McKesson Ventures, Obvious Ventures, Catamount, and Marc Benioff. To learn more, visit www.carezone.com.
