{"id":343424,"date":"2017-06-12T22:05:15","date_gmt":"2017-06-12T14:05:15","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1501313"},"modified":"2017-06-12T22:05:15","modified_gmt":"2017-06-12T14:05:15","slug":"digital-pharmacy-startup-scriptdash-rebrands-as-alto-inks-23-million-for-nationwide-expansion","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/digital-pharmacy-startup-scriptdash-rebrands-as-alto-inks-23-million-for-nationwide-expansion\/","title":{"rendered":"Digital pharmacy startup ScriptDash rebrands as Alto, inks $23 million for nationwide expansion"},"content":{"rendered":"

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Digital pharmacy startup\u00a0ScriptDash<\/a> is getting a new name today, along with $23 million in Series B financing. The startup will now go by Alto to reflect its intention to go beyond just delivery.<\/p>\n

\u201cAlto\u2019s latin root means \u2018elevated\u2019 or \u2018tall\u2019 and we\u2019re trying to elevate the pharmacy experience,\u201d\u00a0co-founder Mattieu\u00a0Gamache-Asselin said.<\/p>\n

Alto so far has delivered more than 100,000 prescriptions to 12,000 patients living in the San Francisco Bay Area since launching in June of 2015. The startup now aims to offer doctors and clinics an easier backend system to fill those prescriptions.<\/p>\n

\u201cDoctors and technicians call each other day in and day out trying to coordinate something but they need a technology platform,\u201d Gamache-Asselin explained over the phone.<\/p>\n

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Of course, Alto isn\u2019t the first trying to solve the communications issues for doctors and pharmacies. ZappRX, a Boston-based startup in the same space, started out<\/a> with a mobile solution to an archaic fulfillment infrastructure still pervasive within the modern pharmacy; \u00a0Capsule<\/a> is a drug delivery startup out of New York working to modernize prescription fulfillments and\u00a0Zipdrug<\/a> is another that comes at it as a sort of Postmates for prescription delivery.<\/p>\n

Each have their strengths and tackle the issue in different ways. \u00a0However, Alto\u2019s course of action is to modernize on the backend and onboard providers to use the startup\u2019s new pharmacy communications platform.<\/p>\n

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Alto\u2019s latin root means \u2018elevated\u2019 or \u2018tall\u2019 and we\u2019re trying to elevate the pharmacy experience.<\/p>\n<\/blockquote>\n

\u2014 Mattieu Gamache-Asselin, Alto CEO and co-founder<\/span><\/div>\n

That move could likely boost Alto\u2019s sales going forward. Prescription refills is a very small percentage of the pharmacy biz, according to Alto co-founder Vlad Blumen. He says walk-ins and postdated prescriptions are where we see the most action. So, if\u00a0Alto is to grow, it needs to rely more on the doctors sending new or infrequent prescriptions through the system to fulfill orders. With that in mind, it makes sense for the company to build a backend terminal to fulfill orders rather than focus just on prescription delivery.<\/p>\n

Alto is also pushing beyond the Bay Area for a nationwide rollout with the new capital. Most of its competitors have focused on certain cities and areas so it will be interesting to see how Alto fares with such a large expansion.<\/p>\n

Greenoaks Capital led the round, with participation from\u00a0Jackson Square Ventures, Rahul Mehta of DST, Craig Sherman from Meritech Capital, Justin Kan from Y Combinator and Twitch, and his brother Daniel Kan, Cruise COO.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Digital pharmacy startup\u00a0ScriptDash is getting a new name today, along with $23 million in Series B financing. The startup will now go by Alto to reflect its intention to go beyond just delivery. “Alto’s latin root means ‘elevated’ or ‘tall’ and we’re trying to elevate the pharmacy experience,”\u00a0co-founder Mattieu\u00a0Gamache-Asselin said. Alto so… Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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