2 years ago

Digital Pharmacy App Charac Secures £1.2 Million to Support Pharmacies

  • Charac, a digital pharmacy app based in London, has raised £1.2 million in a combination of debt and equity financing

  • The funding round saw participation from the National Pharmacy Association and pharmacy owners

  • This latest investment brings Charac's total funding to £2.5 million

  • The company plans to use the funds to support its platform, which offers a range of services including automated repeat prescriptions, consultation booking, delivery services through Royal Mail, and marketing assistance

  • Charac aims to address the challenges posed by pharmacy closures in the UK and support the government's Pharmacy First initiative.

      • ProblemHealthcare

      "Pharmacies in the UK are closing at an alarming rate, leaving fewer pharmacies to handle the increasing workload. The government's Pharmacy First initiative will further strain pharmacies as they are expected to provide advice and treatment for common illnesses, but many are not equipped to handle this expanded role."

      Solution

      "Charac is a digital pharmacy app that automates repeat prescriptions, allows for consultation booking, provides delivery services, and offers marketing support. This helps pharmacies streamline their operations, improve efficiency, and better serve their patients."

      Covered on