About GoodRx
GoodRx helps people save money on prescription medications by providing access to discounts and coupons. Users can search for their prescribed drugs on the GoodRx website or app, compare prices at various pharmacies, and obtain coupons to use at the pharmacy for discounts. This service is available at over 70,000 pharmacies across the United States. GoodRx earns revenue through referral fees from pharmacies when users redeem coupons, and it also offers a subscription service called GoodRx Gold for deeper discounts. The company aims to make healthcare more affordable and accessible, focusing on transparency and user privacy.
Santa Monica, CaliforniaHeadquarters
2005Year Founded
$59.8MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
1,001-5,000Employees
Benefits
Medical, dental, and vision insurance
401(k) with a company match
ESPP
Unlimited vacation
"Take care of yourself" days
11 paid holidays
Risks
Increased competition from digital health platforms like Amazon Pharmacy threatens market share.
The end of the Kroger Savings Club partnership has led to a decline in subscription revenue.
New CEO Wendy Barnes may lead to strategic shifts that disrupt current operations.
Differentiation
GoodRx offers significant savings on prescription medications through coupons and discounts.
The company provides a unique service with its GoodRx Gold subscription for deeper discounts.
GoodRx for Pets expands their market by offering pet medication savings and home delivery.
Upsides
GoodRx's partnership with Affirm introduces a buy-now-pay-later option for consumers.
The launch of GoodRx for Pets taps into the growing pet healthcare market.
Appointment of Wendy Barnes as CEO may bring fresh strategic insights and leadership.
Funding
Total raised$59.82 M
Latest valuation$12.67 B
StageIPO
IPO
8/31/2020$1.1 K
$12.67 BGROWTH EQUITY VC
4/30/2020$60