About SmithRx
SmithRx is a company based in San Francisco (United States) founded in 2016 by Jake Frenz. SmithRx has raised $89 million across 3 funding rounds from investors including NextGen Venture Partners, Venrock and Founders Fund. The company has 94 employees. SmithRx has completed 1 acquisition, including White Well PBM. SmithRx offers products and services including Member Portal, Broker Solutions, and Employer Benefits Management. SmithRx operates in a competitive market with competitors including Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, among others.
- Headquarter San Francisco, United States
- Employees 94
- Founders Jake Frenz
- SectorsTechnologyHealthcare
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website smithrx.com
- Social LinkedIn X Facebook
- Legal Name Smith Health, Inc.
- Total Equity Funding$89M (USD)
in 3 rounds
- Latest Funding Round$60M (USD), Series C
Nov 2023
- InvestorsNextGen Venture Partners
& 4 more
- Employee Count94
- Investments & Acquisitions
Products & Services of SmithRx
SmithRx offers a comprehensive portfolio of products and services, including Member Portal, Broker Solutions, and Employer Benefits Management.
Platform for managing prescriptions and finding savings options.
Tools for brokers to access data and deliver benefits solutions.
Services for employers to control costs and simplify team benefits.
Funding Insights of SmithRx
SmithRx has successfully raised a total of $89M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in November 2023. 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 $89M
- Total Rounds 3
- Last Round Series C — $60M
- First Round $9M
(Jan 2018)
- Investors Count 5
All 3 funding rounds of SmithRx with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $60M | Series C | – | Venrock | – |
| Mar 2022 | $20M | Series B | – | Venrock | |
| Jan 2018 | $9M | Series A | – | Founders Fund |
5 investors in total: 5 institutional.
Investors in SmithRx
SmithRx has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include NextGen Venture Partners, Venrock and Founders Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | – | venrock.com | Palo Alto, United States | |
Venture capital investments in technology and defense sectors. | – | foundersfund.com | - | |
Venture capital firm investing in early and growth stage technology companies. | – | blumbergcapital.com | - | |
Investing in early-stage tech companies and ideas. | – | boxgroup.com | - | |
Venture capital investments are directed toward multiple sectors. | 2011 | nextgenvp.com | Baltimore, United States |
Investor details for SmithRx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
- Co-investor network
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People of SmithRx
141 people are tracked at SmithRx (31 in leadership, 110 in team); the tracked headcount is 94.
| Name | Role | Group |
|---|---|---|
Jake Frenz | Founder & CEO | Leadership |
Alexandra Morrison | Talent Acquisition Partner | Leadership |
Vidya Drego | VP of Marketing | Leadership |
Ty Perry | Vice President Of Sales | Leadership |
Sam Slaughter | Chief Commercial Officer | Leadership |
Jordan Close | Sales Director | Leadership |
Jeff Snow | Chief Sales Officer (cso) | Leadership |
Bryan Fowler | Partner Relationship Manager | Leadership |
Gaston Concilio | VP Of Engineering | Leadership |
Yasin Mohammed | Director Of Engineering | Leadership |
Erin Maggard | Manager, Partner Integrations | Leadership |
Alan Pannier, Pharm D,MBA | Chief Strategy Officer (cso) | Leadership |
Nichole S. | Senior Director Of Member Support | Leadership |
Alex Flatbush | Sr Director, Talent Acquisiton | Leadership |
Steve Seare | Vice President Of Sales- West | Leadership |
Durrell Wheatley | Partner Operations Specialist | Leadership |
Saiquan Hall | People Business Partner, Customer Support | Leadership |
Maggie Chiang | Director, Data & Insights | Leadership |
Nirav Vira | Chief Technology Officer | Leadership |
Ben Little | Senior Director Of Account Management | Leadership |
121 more people are available in the full profile.
Complete people profiles for SmithRx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by SmithRx
SmithRx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include White Well PBM.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Diversified drugs are distributed by White Well PBM. | whitewellrx.com | Teaneck, United States | 2014 | Jan 2017 | •••• |
Complete acquisition details for SmithRx
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Verified entity values are shown only after access is granted.
Timeline of SmithRx
4 dated milestones of SmithRx across 7 years, from founding to its latest funding, stage changes and deals.
- Founded SmithRx is founded.
- Acquisition Acquires White Well PBM.
- Funding First funding round of $9.0M.
- Funding Latest funding round, Series C, of $60.0M.
Competitors of SmithRx
SmithRx 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 Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | – | Employee health benefits are facilitated via a cloud-based platform. | |
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. | |
| betterfly.com | 2018 | Santiago, Chile | $202.5M | – | Employee health and well-being solutions are delivered through a platform. | |
| wellhub.com | 2012 | New York, United States | $85M | 213 | Cloud-based wellness programs are offered for employee health and productivity. | |
| cerner.com | 1979 | North Kansas, United States | – | 5,159 | Online platform for employee health benefits | |
| optum.com | 2011 | Eden Prairie, United States | $250,000 | 140 | Optum is recognized as a leading health solution and care delivery organization. | |
| edenhealth.com | 2004 | New York, United States | $106.61M | 223 | Provider of medical practice platform for concierge physician and employee | |
| healthjoy.com | 2014 | Chicago, United States | $113.3M | 141 | Telemedicine consultations are facilitated via web and mobile platforms. |
Detailed competitors of SmithRx
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of SmithRx
The website of SmithRx (smithrx.com) receives about 42K visits a month and ranks #1,034,500 among all websites worldwide, #4,316 in Insurance.
- Monthly visits42K
▲ 64.7% vs previous month
- Unique visitors14.5K
per month
- Global rank#1,034,500
among all websites
- Category rank#4,316
Finance · Insurance
- Bounce rate57%
- Pages per visit2.2
- Average visit1 min 09 sec
- DevicesDesktop 52% · Mobile 48%
Websites whose visitors overlap most with SmithRx. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| marshmma.com | 100% | – | #636,087 | View details | |
| benefitspro.com | 88% | – | #515,622 | View details | |
| mydawa.com | 62% | 126.1K | #272,776 | View details | |
| fundable.com | 51% | 74.7K | #426,818 | View details |
Latest news on Smithrx
Complete news archive for SmithRx
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to SmithRx
10 companies that operate in the same segment as SmithRx (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about SmithRx
SmithRx was founded in 2016 and raised its 1st funding round 2 years after it was founded.
SmithRx is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Jake Frenz is the current CEO of SmithRx. They have also founded this company.
SmithRx is a funded company, having raised a total of $89M across 3 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Jan 2018.
SmithRx has 94 employees.
SmithRx was founded in 2016 in San Francisco, United States, as a provider of pharmacy benefit management solutions in the healthcare sector. Tools are offered to employees to enhance transparency in drug pricing and ensure full auditability. Operations focus on addressing rising pharmaceutical costs through structured benefit management services. The company is led by founder and CEO Jake Frenz, with activities centered in the U.S. market.
SmithRx's top competitors include Accolade, Hinge Health and Wellhub.
SmithRx offers Member Portal, Broker Solutions, and Employer Benefits Management.
SmithRx has made 1 acquisition, including White Well PBM.
SmithRx has 5 investors. Key investors include NextGen Venture Partners, Venrock, Founders Fund, Blumberg Capital, and BoxGroup.
SmithRx operates through Smith Health, Inc..