MedAvail Raises $30M for Drug-Dispensing Kiosks

By | October 17, 2014

MedAvail Technologies Inc., a Canadian startup that makes an automated kiosk that connects people with pharmacists and then dispenses medications, has raised a $30 million Series C round to commercially launch in Canada, Europe and the U.S., the company said.Attempts to reach Toronto-based MedAvail and several of its investors were not immediately successful.


The funding was provided by new investors Pura Vida Investments, Deerfield Management Company and Adage Capital Management , joined by return investors Redmile Group, Walgreens Co. and Alliance Boots GmbH , the company said in a statement.