Pharmapacks provides a proprietary technology platform that delivers logistics, fulfillment, marketing and sales services to brands selling on marketplaces such as Amazon, Walmart, Google, eBay and Facebook. The platform is designed to enable brands to focus on product research and development while Pharmapacks handles marketplace operations. The company is led by CEO Andrew Vagenas and employs 850 people. Pharmapacks operates as both an ecommerce enablement provider and a retail seller for brands. The article does not disclose revenue or other financial metrics beyond recent financings. Pharmapacks operates a proprietary e-commerce technology platform that provides logistics, fulfillment, marketing and sales solutions for brands on marketplaces such as Amazon, Walmart, Google, eBay and Facebook. The company serves as a launch pad for emerging and lesser-known brands by providing access to its platform and consumer base while brands focus on product R&D. Led by CEO Andrew Vagenas, Pharmapacks employs a team of eCommerce experts with over 10 years' experience and ~850 employees. The company reached over $250M in sales in 2019 and was on a run rate to achieve more than 70% year-over-year growth, with an expectation of 100% year-over-year growth in Q4 after opening a 230k sq ft replenishment center in late Q3. Pharmapacks intends to use the financing to accelerate its expansion plans. Pharmapacks operates a proprietary e-commerce technology platform that helps brands reach consumers through logistics, fulfillment, marketing and sales. The company sells direct-to-consumer via Pharmapacks.com and through online marketplaces including Amazon, Walmart.com and eBay. It runs a 140,000 square foot warehouse in Islandia, New York, maintains an in-house technology team building automated assistance tools, and partners with Sealed Air on the I-Pack® system. Pharmapacks’ catalog comprises 28,000 unique items and the business processes and ships over 30,000 orders per day to all 50 U.S. states and Canada. The company employs about 350 people and plans to grow that headcount by 20 percent, scale its warehouse, advance automation and expand inventory and delivery reach into Europe, Asia and beyond.

Total raised

$223M

Funding rounds

3

Latest round

Equity

Latest activity

Sep 2020