Capsule's $200 million financing tops recent funding news in New York

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New York-based e-commerce, healthcare and pharmaceutical company Capsule, also known as Capsule Pharmacy, has secured $200 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 13 and led by TCV.

According to its Crunchbase profile, "Capsule is rebuilding the $425 billion pharmacy industry from the inside out with ... technology that enables customized outcomes for doctors, hospitals, insurers and manufacturers."

The 3-year-old startup has raised two previous funding rounds, including a $50 million Series B round in 2018.

The round brings total funding raised by New York companies in commerce and shopping over the past month to $625 million. The local commerce and shopping industry has produced 218 funding rounds over the past year, raking in a total of $4.9 billion in venture funding.

In other local funding news, personal health company Hawthorne announced an $8 million Series A funding round on Sept. 11, led by Imaginary Ventures.

According to Crunchbase, "Hawthorne delivers men's personal-care products tailored to you using premium quality ingredients, data-driven tailoring and smart replenishments."

The company also raised a $2.2 million seed round in 2017.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.