About Chemist2U
Chemist2U is a company based in Surry Hills (Australia) founded in 2020 by Matthew Cullen.. Chemist2U has raised $3 million across 1 funding round from investors including AirTree. Chemist2U operates in a competitive market with competitors including Chemist Warehouse, Amcal, Hola Meds, Pharmacy Central and Your Discount Chemist, among others.
- Headquarter Surry Hills, Australia
- Founders Matthew Cullen
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Sectors
Healthcare
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Phone
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
May 11, 2021
- Investors
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Employee Count
Employee Count
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Head Team
2 people
Leadership Team
1 people
Sales and Marketing
1 people
Product Management Team
1 people
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Funding Insights of Chemist2U
Chemist2U has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.0M
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First Round
First Round
(11 May 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Seed - Chemist2U | Valuation | AirTree |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chemist2U
Chemist2U has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include AirTree. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chemist2U
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chemist2U
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chemist2u Comparisons
Competitors of Chemist2U
Chemist2U operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chemist Warehouse, Amcal, Hola Meds, Pharmacy Central and Your Discount Chemist, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates an online pharmacy store for a wide range of healthcare products.
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| domain | founded_year | HQ Location |
Online pharmacy store
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| domain | founded_year | HQ Location |
Provides app-based delivery of pharmacy items and prescriptions in Australia.
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| domain | founded_year | HQ Location |
Operates an online pharmacy store providing convenient access to essential medications.
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| domain | founded_year | HQ Location |
Operates a chain of discount pharmacy stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Chemist2U
When was Chemist2U founded?
Chemist2U was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Chemist2U located?
Chemist2U is headquartered in Surry Hills, Australia. It is registered at Surry Hills, New South Wales, Australia.
Who is the current CEO of Chemist2U?
Matthew Cullen is the current CEO of Chemist2U. They have also founded this company.
Is Chemist2U a funded company?
Chemist2U is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on May 11, 2021.
What does Chemist2U do?
Chemist2U was founded in 2020 and is based in Surry Hills, Australia. An online platform is operated in the pharmacy sector, where medicine orders are received, reviewed, and confirmed for validity. Delivery is then arranged from nearby local pharmacies to customers across the region. Services focus on streamlined access to prescription and over-the-counter medications without in-person visits.
Who are the top competitors of Chemist2U?
Chemist2U's top competitors include Amcal, Prema Life and Chemist Warehouse.
Who are Chemist2U's investors?
Chemist2U has 1 investor. Key investors include AirTree.