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StockRx
Automating medical stock management
- 1-20 employees
- Healthcare
- B2B
- Supply Chain
- Automation
- MedTech
- Westminster, London, UK
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Company mission
To modernise the slow, outdated, and expensive pharmacy supply chain – getting pharmacies and their patients the right medicines at the right time. We help these critical institutions thrive so they can better focus on the patient – and have big future plans to work with hospitals and to develop the platform internationally.
Our take
Supply issues are nothing new. In healthcare settings, however, inefficiencies and errors in stock management can have grave repercussions. On top of this, pharmacies and hospitals are often tied down by cumbersome legacy systems that make improving stock management systems a difficult task. StockRx, a new inventory management platform, is hoping to help the medical sector bring its practices up to speed.
Precisely what StockRx’s platform will look like once it comes to fruition remains to be seen. The outline, however, looks set to solve some major healthcare stock management issues. The solution promises to automatically forecast demand and restock from the most competitively priced supplier, reducing the bloated costs of inefficient ordering. In addition, StockRx is promising a low-tech, sensor-free way of accurately carrying out stock checks.
The past few years have highlighted the precarious position that healthcare settings can be put in by supply chain issues and stock shortages. So StockRx’s promises of an automated, effective, and money-saving solution are likely to be much welcomed.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 30 days annual holiday allowance (on top of bank holidays)
- Health insurance from fellow Octopus portfolio company, Mo Health
Company values
- Strive to be insanely great
- Stay kind and compassionate
- Treat everyone like a grownup
Funding (2 rounds)
Jun 2023
$1.3m
Apr 2022
$1m
Total funding: $2.3m
This company has top investors
Leadership
Will Granger
(Founder)Used to work in analytics at McKesson, starting as an intern and unwittingly becoming an expert in the pharma supply chain. Now obsessed with bringing the world of drug supply into the 21st century!
Diversity, Equity & Inclusion at StockRx
- We want everybody to feel included in our mission, which at its core aims to help pharmacies provide the right medicine for their patients at the right time
- Due to the diverse range of people who use and rely on our platform, we’re constantly thinking about how to make StockRx an intuitive and, perhaps most importantly, accessible product
- We're first to market in our space so the impact of our product will be great, and it is important we have a diverse team contributing to the way we develop