How Much Did Alto Raise? Headquarters, Funding & Key Investors

Alto, a San Francisco-based digital pharmacy founded in 2015, has raised $592 million across multiple funding rounds, achieving a $1 billion valuation after its $200 million Series E round in January 2022, led by SoftBank Vision Fund. Other key investors include Greenoaks, Jackson Square Ventures, and Meritech Capital. Alto’s platform combines expert pharmacist care, prescription management, and same-day delivery to simplify access to and affordability of medications. With over 1,400 employees, the company is reshaping how patients and healthcare providers manage prescriptions digitally.

How Much Did Alto Raise? Funding & Key Investors

Founded in 2015 by Jamie Karraker, Mattieu Gamache-Asselin, and Vlad Blumen, Alto is headquartered in San Francisco, California. With a team of 1,446 employees (as of December 2022), Alto operates as a digital-first pharmacy that merges clinical expertise with advanced technology. The platform offers same-day prescription delivery, transparent pricing, insurance coordination, and cost-saving support for patients. Through its mobile app and provider portal, Alto simplifies prescription management and medication access. Its mission is to make pharmacy care convenient, affordable, and personalized, empowering patients and providers across the U.S.

What Is Alto and What Does It Do?

Alto, founded in 2015 by Jamie Karraker, Mattieu Gamache-Asselin, and Vlad Blumen, is headquartered in San Francisco, California.

With a team of 1,446 employees (as of December 2022), Alto operates as a digital-first pharmacy platform that blends expert pharmacist care with cutting-edge technology.

The company offers same-day prescription delivery, transparent medication pricing, insurance coordination, and assistance with cost savings. Through its patient app and provider portal, Alto streamlines medication management and enables patients to access over-the-counter and specialty medications. The company’s mission is to make prescription care more convenient, affordable, and accessible for everyone.

How Much Funding Has Alto Raised?

*Series E*
- Amount Raised: $200 million
- Date: January 2022
- Lead Investors: SoftBank Vision Fund
- Motivation: To expand nationwide operations, enhance prescription delivery infrastructure, and support strategic acquisitions.
*Series D*
- Amount Raised: $250 million
- Date: January 2020
- Lead Investors: SoftBank Vision Fund, Greenoaks, Jackson Square Ventures, Olive Tree Capital, Zola Global
- Motivation: To scale digital pharmacy services and strengthen technological capabilities.\
*Series D*
- Amount Raised: $40 million
- Date: January 2022
- Lead Investors: Advance Venture Partners, Unusual Ventures, Acrew Capital, Alpha Edison, Foundation Capital, Gaingels
- Motivation: To support growth initiatives and expand partner ecosystem.\
*Series C*
- Amount Raised: $50 million
- Date: December 2018
- Lead Investors: Greenoaks, Zola Global, Jackson Square Ventures, Olive Tree Capital
- Motivation: To enhance product innovation and user experience in the digital pharmacy domain.\
*Series B*
- Amount Raised: $23 million
- Date: June 2017
- Lead Investors: Greenoaks, Jackson Square Ventures, Meritech Capital
- Motivation: To strengthen operations and invest in R&D for pharmacy automation tools.\
*Conventional Debt*
- Amount Raised: $36.4 million
- Date: October 2021
- Motivation: To finance infrastructure expansion and working capital needs.

Total Funding Raised: $592 Million

Current Valuation: $1 Billion (as of January 2022)

Latest Funding Date: January 2022

Key Investors

*SoftBank Vision Fund*
- Details: Global investment arm of the SoftBank Group, focused on technology, energy, and innovation-driven sectors.
- Investment Focus Areas: Technology, telecommunications, logistics, digital platforms.
- Notable Investments: Uber, WeWork, DoorDash, Alibaba.\
*Greenoaks*
- Details: Long-term investor in technology and consumer internet companies worldwide.
- Investment Focus Areas: Technology, consumer internet, SaaS, logistics.
- Notable Investments: Robinhood, Discord, Brex.\
*Jackson Square Ventures*
- Details: San Francisco-based VC firm backing early-stage enterprise software and consumer internet companies.
- Investment Focus Areas: SaaS, consumer tech, digital marketplaces.
- Notable Investments: DocuSign, Strava, Upwork.\
*Meritech Capital Partners*
- Details: Growth-stage venture capital firm supporting high-performing tech and healthcare startups.
- Investment Focus Areas: SaaS, healthcare tech, fintech.
- Notable Investments: Datadog, Snowflake, Roblox.

Where Is Alto’s Headquarters?

Alto is headquartered in San Francisco, California, at the heart of the Bay Area’s healthcare and technology ecosystem. The city’s deep talent pool, tech-forward culture, and strong investor base make it an ideal location for scaling digital healthcare startups and forming strategic partnerships with insurers, pharmacies, and telehealth providers.

What’s Next for Alto?

Alto’s strategic focus is on expanding its national footprint through technology-driven pharmacy solutions and acquisitions. Following its recent funding rounds and acquisition of NowRx, the company is strengthening logistics, automation, and predictive inventory systems. With increasing demand for home-delivered medications and a shift toward personalized care, Alto aims to become the go-to digital pharmacy partner for healthcare providers and patients alike.

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