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Cabinet Health Raises $17 Million To Further Its Mission To Build The World’s First Sustainable Healthcare Company And Tackle The Pharmaceutical Plastic Crisis

PRIVATEDec 15, 2022

Amount Raised

$17 Million

Round Type

Funding Round

New YorkBiotechnologyHealthcareHealth Care

Investors

Pixel Perfect VenturesTech Stars, Sogal Ventures

Description

Cabinet Health, the Sustainable Healthcare Company, today announced it has raised $17 million in growth funding. The funding is a combination of debt and equity and will be used to fuel the brand’s rapid growth and expansion into new categories including prescriptions and retail channels. Global Impact Fund led the round with participation from other mission-driven investors including Natureza and Unreasonable Group. This fundraise brings the company’s total funding to $23.6 million to date and previous investors include TechStars, SOGAL Ventures, Gaingels and Pixel Perfect Ventures

Quick answer

Cabinet Health raised $17 Million in a Funding Round round, dated December 15, 2022. Investors: Pixel Perfect Ventures and Tech Stars, Sogal Ventures. Cabinet Health is based in New York, United States.

How much did Cabinet Health raise?
Cabinet Health raised $17 Million in a Funding Round round on December 15, 2022.
Who invested in Cabinet Health?
Pixel Perfect Ventures and Tech Stars, Sogal Ventures are named as investors in this round.
What does Cabinet Health do?
Cabinet Health is a sustainable healthcare company that has invented the world’s first refillable and compostable medicine system, offering an impactful solution to the growing plastic waste crisis.
Where is Cabinet Health based and how big is it?
Cabinet Health is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Healthcare and Biotechnology around the same time

Companies in the same sectors as Cabinet Health that raised within 45 days of this round, from Fundz verified event records.

  • Inhibikase Therapeutics raised $4.2M (Seed) on January 27, 2023.
  • ADARx Pharmaceuticals, Inc. raised $46M on January 26, 2023.
  • Streamex Corp. raised $234K (Seed) on January 25, 2023.
  • Otolith Labs raised $25M on January 23, 2023.
  • Streamex Corp. raised $1.9M (Seed) on January 23, 2023.
  • ADARx Pharmaceuticals, Inc. raised $46M (Funding Round) on January 20, 2023.

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Company Information

Company

Cabinet Health

Location

30 FLORIDA AVENUE NW #6

New York, United States

About

Cabinet Health is a sustainable healthcare company that has invented the world’s first refillable and compostable medicine system, offering an impactful solution to the growing plastic waste crisis. Co-founders Russell Gong and Achal Patel launched Cabinet Health in 2018 with a vision to reimagine the way the industry packages and fills every type of medicine. The company is on a mission to eliminate single-use plastic from the pharmaceutical industry altogether, which produces more than 190 billion single-use plastic medicine bottles every year, with an estimated 97% landing in our oceans, landfills, and eventually, our bodies as microplastics. The Cabinet Health system offers high-quality over-the-counter medicines and supplements in elevated glass bottles that can be infinitely re-used, providing customers with a more beautiful, streamlined, and low-waste alternative to the dozens of plastic pill bottles in their medicine cabinets today. All Cabinet Health medicines are third-party batch-tested, use FDA-approved active ingredients, and are free of known carcinogens, toxins, and allergens, including gluten. Cabinet Health is a certified B-Corp with a growing base of customers who have helped divert thousands of pounds of plastic from landfills. To learn more visit cabinethealth.com and follow at @cabinet.health.

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Cabinet Health raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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