WINSTON-SALEM — Medication shortage management company OrbitalRx Inc. has raised another $747,230 in private equity.
That brings the startup’s total raised to $2.15 million since the round first opened back in October 2018, according to a recent SEC filing.
Twelve investors and one non-accredited investor contributed to the round.
The company plans to use the money for payments in the ordinary course of business.
In February, the Winston-Salem-based startup raised $684,000, on top of another $718,500 raised last October.
Founded in 2017 by Adam Orsborn, a former exec at Wake Forest Baptist Health, the startup bills itself as the first “all-in-one pharmacy solution designed to mitigate the harm caused by drug shortages.”
W-S startup OrbitalRx fund raiser reaches $1.4M (+ The OrbitalRx system)
