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Provider of a technology platform intended to create the alternative path forward for pharmacy benefits management. The company's technology platform solves complex and inefficient systems to create flexible pharmacy benefit products, ensures proactive account monitoring, provide concierge level service through giving choice, aligning incentives and surfacing insights, enabling customer to improve their care delivery services.
Last updated
In 2024, SmithRx's revenue reached $15M. The company previously reported $11.4M in 2023. Since its launch in 2016, SmithRx has shown consistent revenue growth.
SmithRx has not publicly disclosed its valuation. The company has raised $17.5M in total funding to date.
SmithRx has raised $17.5M in total funding across 3 rounds, with its most recent round in 2018.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2018 | Funding round | $5.5M | - | - | |
| 2018 | Funding round | $9M | - | - | |
| 2017 | Funding round | $3M | - | - |
CEO
Jake founded SmithRx in 2016. Under his direction SmithRx has built a new type of PBM on a modern platform technology. Throughout his time in healthcare he both built the operational infrastructure and teams at the TPA Collective Health as well as led the enterprise healthcare product initiatives at Anthem delivering the first Narrow Network products. Jake is a retired United States Marine Corps Captain, 3rd Battalion, 5th Marines.
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| What's your age? | - |
| Favorite online tool? | - |
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| Advice for 20 year old self | - |
We do not have customer count information for SmithRx yet.
SmithRx employs approximately 409 people as of 2026, up from 312 in 2023, including 2 sales reps that carry a quota.
SmithRx generates an estimated $15M in annual revenue.
SmithRx was founded by Jake Frenz.
The CEO of SmithRx is Jake Frenz.
SmithRx raised $17.5M across 3 rounds.
SmithRx has 409 employees.
SmithRx is headquartered in San Francisco, California, United States.
SmithRx operates across multiple industries. Browse revenue, funding, and growth data for SmithRx in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$15M(Est.)
Funding
$17.5M
Team
409
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | SmithRx Hit $15m revenue in October 2024 | Estimated |
| 2023 | SmithRx Hit $11.4m revenue in December 2023 | Estimated |
| 2021 | SmithRx Hit $2m revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 409 employees (December 2024) | |
| 2024 | Reached 312 employees (October 2024) | |
| 2023 | Reached 312 employees (December 2023) | |
| 2022 | Reached 153 employees (December 2022) | |
| 2021 | Reached 67 employees (December 2021) | |
| 2021 | Reached 42 employees (April 2021) |
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