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Parcel Health Raises $1.2M Seed Funding

Recently funded · $1.2M SeedManufacturingUSView source

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A fresh $1.2M in Seed funding is set to help Parcel Health tackle healthcare's reliance on disposable plastic, as the company works to reimagine supply chain products. The startup aims to replace billions of units of single-use supplies and packaging with sustainable alternatives.

Known for its Tully Tube®, the world's first paper pill bottle to meet U.S. regulatory requirements, Parcel Health is already making inroads with major hospital health-systems like Dartmouth-Hitchcock Health System, Allegheny Health Network, and Wellstar Health System. The capital will advance its mission to deliver healthcare supplies that are safer for patients, better for the planet, and easier on budgets.

Last year, we raised and closed $1.2M in funding for Parcel Health but never announced it. Part of that was intentional. I believe raising money isn't the point of a startup. In startup culture, it celebrates funding rounds like they're product launches or certificate of legitimacy.

But a round closed is not a company built. Plus, I have been way more excited to share news about our customer launches and our team stories! In 18 months, we went from 0 to 11 health systems as direct-purchase customers, and 20+ telemedicine brands. No distributors, no GPOs. Only happy customers that kept referring each other to Parcel Health. So why am I bringing this up now? Well, PitchBook

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