Natural Partners Fullscript Secures $25M Series B Funding to Advance Electronic Prescribing Platform and Optimize Medication Management

Recently, VCBeat (WeChat Official Account: vcbeat) learned that Natural Partners Fullscript, a leading e-prescription platform, announced the completion of a $25 million Series B financing round. This funding was supported by Kayne Partners.

This funding enables Natural Partners Fullscript to focus on the development of its e-prescribing platform, Fullscript. Fullscript is an e-prescription platform that allows healthcare practitioners in the United States and Canada to issue online prescriptions to patients. Medications listed in these prescriptions are shipped directly by the platform, thereby minimizing the complexities associated with medication inventory management.

In recent months, Fullscript has partnered with an increasing number of electronic health record (EHR) management platforms, aiming to expand its reach by integrating industry resources. Fullscript also plans to establish a database that records the constituent ingredients of various medications and their interactions. By leveraging this database, healthcare practitioners will be able to prescribe safer and more effective medications.

“We are delighted that Kayne Partners has chosen to partner with us. Their support will enable us to expand our investments in technology and talent,” said Fran Towey, CEO of Natural Partners Fullscript. “As the healthcare industry continues to evolve, we aim to help healthcare practitioners deliver better products and services that support personalized care tailored to patients’ needs.”

“The e-prescribing platform built by Natural Partners Fullscript holds significant social value,” said Leon Chen of Kayne Partners. “We are delighted to partner with Natural Partners Fullscript to integrate relevant resources within the pharmaceutical industry, providing healthcare practitioners with an e-prescribing platform that enhances the diagnostic and treatment experience for patients.”

Kayne Partners is a private equity fund management platform affiliated with the Kayne Anderson Capital Advisors private equity group, focusing on investments in software and technology services companies in North America. The investment team at Kayne Partners manages four funds with a total size of approximately $500 million. The companies invested by Kayne Partners are mainly distributed in the following sectors: security and compliance, supply chain and logistics, finance, business process automation, healthcare, as well as media and telecommunications.

(Compiled by: Zhang Yujie)