2024 Revenue
$15M(Est.)
Funding
$17.5M
Team
409
Founded
2016
SmithRx Revenue & Funding (2024)
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
SmithRx Revenue
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.
| 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 |
SmithRx Valuation, Funding Rounds
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 | - | - |
Founder / CEO
Jake Frenz
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
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| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for SmithRx yet.
SmithRx Employees & Team Size
SmithRx employs approximately 409 people as of 2026, up from 312 in 2023, including 2 sales reps that carry a quota.
| 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) |
Frequently Asked Questions about SmithRx
What is SmithRx's revenue?
SmithRx generates an estimated $15M in annual revenue.
Who founded SmithRx?
SmithRx was founded by Jake Frenz.
Who is the CEO of SmithRx?
The CEO of SmithRx is Jake Frenz.
How much funding does SmithRx have?
SmithRx raised $17.5M across 3 rounds.
How many employees does SmithRx have?
SmithRx has 409 employees.
Where is SmithRx headquarters?
SmithRx is headquartered in San Francisco, California, United States.
Compare SmithRx to the industry
SmithRx operates across multiple industries. Browse revenue, funding, and growth data for SmithRx in each sector below.
Data and Sources
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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