Jamie Karraker is the co-founder and CEO of Alto Pharmacy, a prescription delivery company that he and Mattieu Gamache-Asselin launched in 2015. The company’s grown to almost $1 billion annualized revenue, but Karraker said it still only represents 2% of the pharmacy market. The company believes it found just the right person to take Alto to the next level.
Alicia Boler Davis, a member of Amazon’s S-Team who served as SVP of global customer fulfillment, will become Alto’s CEO on Sept. 1. Karraker said letting her take charge of Alto would maximize its chance of changing the pharmacy industry for the better.
Mattieu Gamache-Asselin, Co-Founder & CEO
Jamie Karraker, Co-Founder & CTO
Vladimir Blumen, Co-Founder & COO
Business Model Alto Pharmacy
Alto Pharmacy is an online website for prescriptions medicines for patients and sellers. Physicians can send their prescriptions directly to the alto pharmacy and patients can use the online website to schedule delivery. In addition, patients can also set auto refills and renewals for their prescriptions. offers smart packs of pre-sorted packs of drugs for easy management of multiple medications and improve adherence. For providers, the company provides pharmacy communications platform to enable easy management of prescriptions for their patients.
As the company has built out its software capabilities, it has also crafted an efficient operating strategy. While traditional pharmacies rely on many store locations within a single area, each with its own small staff, Alto operates out of one fulfillment center in each of its San Francisco, southern California, and Denver locations.
Alto Pharmacy also works to get patients the least expensive medications by automatically looking for coupons or working with doctors to find alternative medications if the ones prescribed aren’t covered by insurance. Those seemingly simple tactics are rare in the pharmacy industry, but they’ve saved Alto customers more than $10 million in medication costs to date.
| Date | Funding Amount | Funding Round | Investors |
|---|---|---|---|
| June 2016 | $ 6 M | Series A | Hack VC,Jackson Square Ventures |
| June 2017 | $ 17 M | Series B | “ Palapa Ventures,Soma Capital and Many more” |
| Decamber 2018 | $ 78.6 M | Series C | Greenoaks, Zola Global and 2 others |
| January 2020 | $ 250 M | Series D | Advance Venture Partners, Unusual Ventures and 5 others |
| January 2022 | $ 40 M | Series D | Greenoaks, Jackson Square Ventures and 3 others |
| January 2022 | $ 200 M | Series E | SoftBank Vision Fund |
Alto Pharmacy Revenue
| Year | Revenue |
| 2020 | $585 M |
| 2021 | $700 M |
| 2021 | $1000 M (Estimated) |
.
Alto pharmacy phone number
Alto Pharmacy Contact number is
Alto Pharmacy in Nyc
The address of alto pharmacy nyc is 100 Park Ave FRNT E, New York, NY 10017, United States
how does alto pharmacy make money?
By selling prescription medicine and medical services the also pharmacy makes money to run this ventures, although reveenus is increasing on year on year basis but still looking to meet ebita.
Our Opinion
Alto Pharmacy is system and process driven online platform, as they open the new locations for service they will increase the revenue for sure, as per the statements they till now cover only 2% of the potential of the market still there is huge gap in the market to cover, although they acquire one brand but still in future more brands are coming in the same portfolio to grab the market. They are looking and keen to get the 98% potential and dream to double the revenue in next financial year.
Then they might go for series F for further expansion of the brand.
