openPR Logo
Press release

Young challenger pharmacy, medino, raise £440k to fuel its unparalleled digital growth as ‘The pharmacy in your phone’

01-14-2020 04:02 PM CET | Health & Medicine

Press release from: medino

Young challenger pharmacy, medino, raise £440k to fuel its unparalleled digital growth as ‘The pharmacy in your phone’

Young challenger pharmacy, medino, raise £440k to fuel its unparalleled digital growth as ‘The pharmacy in your phone’

medino is taking on the UK high-street retailers to make online pharmacy shopping the natural and more convenient choice for its growing number of shoppers

London, UK, 14th January 2020 - Having surpassed 50,000 orders in December, medino today announces that it has closed a £440k funding round to further fuel its growth. They are on a mission to make pharmacy shopping more convenient, applying new digital advances to the traditional pharmacy model. With an ever-growing catalogue of over 3000 health, well-being and pharmacy products, unparalleled delivery and better prices than their competitors, they have quickly gained traction with a thriving customer base in the UK.

The funding enables medino to continue its quick growth, providing an exceptional pharmacy healthcare service much needed by the public. Christian Jakobsson, medino’s Managing Director, states that:

“We see how the convenience of e-commerce has had a huge impact on multiple retail sectors, but for some reason, the general public still shops for their pharmacy needs on the high street. We think that medino can help fill the gap in this underserved sector.”

Being present in the market for just a year, medino has become a leading digital pharmacy with customer satisfaction being at the core of its success.

The company addresses the significant lack of convenience with pharmacy shopping, where pharmacy visitors are often faced with a limited selection of products, high prices and opening hours which are unaligned with working hours. medino have expanded their offering to even include same-afternoon shipping for parts of London and at least one free shipping option on all orders. Its progress and impact have led to this funding round being comprised of a number of angel investors with deep experience in digital and e-commerce as well as leading investors in some of Europe’s fastest-growing online pharmacy’s.

“We have the opportunity to greatly enhance access to healthcare products for all, at the tip of your fingertips with the privilege of super fast delivery and cut-throat prices. As a father myself it is also a duty to make healthcare accessible for all” - Lars Elfversson, co-founder.

As a pharmacy, medino is unique. It boasts a team with significant technical experience which allows for enhanced packing and picking processes for instant dispatch, bespoke algorithmic pricing and buying tools to provide customers with the most competitive prices and an easy to navigate website to ensure the shopping experience is entirely hassle-free. Additionally, through its technological advances, medino is also able to eliminate any human error during dispensing of medication at a much higher rate than traditional pharmacies.

“I’m very pleased to be on board with the medino team as they gain rapid momentum in the UK market. The team’s capabilities and their exciting entry into the market illustrate just how big of an impact they have managed to achieve. This is an opportunity to really disrupt and provide a valuable, reliable service for consumers” - Gustaf Eriksson, Angel Investor

As a fully-certified, registered UK pharmacy, medino has continually pushed digitisation at the forefront of its operations since its inception. The young start-up has made headway to become a major stockist for a number of its brands and they continue to resonate with new and current customers alike.

Medino Online Ltd
Unit C19, 10 Prestons Road, London

About medino
medino’s mission is to enable convenience as a core pharmacy shopping experience. With relentless digital focus, the company was founded by Lars Elfversson, who founded European multimillion technology company Netlight Consulting with 1400+ exceptional consultants over 6 countries, Christian Jakobsson, digital sales and marketing leader who started and developed start-ups in Paris and London, and Henrik Blomkvist, a technology leader heavily integrated in the start-up scene who has developed technology services for global audiences.

They have grown medino to become a key player in the health and well-being industry within a year of operating. They have scaled fast and will continue to do so with the new funding they’ve secured.

Their vision is to become the natural choice for all pharmacy shopping and target customers transitioning from retail pharmacy shopping to online - to simply become “The pharmacy in your phone”.

You can find out more about medino here:

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Young challenger pharmacy, medino, raise £440k to fuel its unparalleled digital growth as ‘The pharmacy in your phone’ here

News-ID: 1895666 • Views: 347

More Releases for Young

BlackTrax helps young dancers shine
Staged annually for the last 14 years, Queensland, Australia’s Creative Generation (CGEN) event was the biggest yet, with almost 2,000 schoolchildren being given the opportunity to perform in a professional environment on an enormous arena stage measuring 20 metres x 18 metres, with a 38 metre x 6 metre rear projection screen behind it. Content delivery and projection mapping specialists IKONIX – who are based on Australia’s Gold Coast – were
Top Award For Young Firm
London, June 2016 The title of European Tax Innovator of the Year was won at this year’s highly-regarded European Tax Awards of International Tax Review by eBiz Answers, the company set up by CEO Andrew Bohnet in 2012, to provide the most complete end to end indirect tax solution on any Oracle platform. ‘It is a huge achievement for eBiz Answers to gain this important award,’ says Bohnet. ‘We are a
Keeping Ron "Forever Young"
"Uncle Ronny is a living legend of Texas music," says artrepreneur Nikki Young of her uncle, Ron Young. "And we want him to stay that way - a *living* legend - for as long as possible." In that spirit, nearly 300 of Ron Young's family, friends, and fans packed Sam's Burger Joint on Sunday, February 17 for "Forever Young," an all-day benefit for the singer/songwriter, who was diagnosed with an
arvato Systems Encourages Young Talent
Cooperation with the University of Paderborn Gütersloh, Germany – arvato Systems, together with the Center for Risk Management (CeRiMa), has once again successfully conducted the ‘Risk Management’ seminar during the 2011/2012 winter semester. 17 business students from the University of Paderborn successfully took part in the seminar that focused primarily on ‘Energies of the Future’ this past semester. The seminar was concluded in December 2011 with an event organized at
Indianapolis Personal Injury Attorneys Young and Young University Scholarship En …
Indianapolis, IN August 25, 2010 --- Young and Young one of the leading consumer personal injury law firms in Indianapolis, has announced scholarship endowments for 2 Hoosier Universities. Two scholarships are either fully endowed or in the process of being fully endowed at Marian University, Indianapolis, in the name of our Father Howard S. Young, Jr., and our Mother Mary A. Young. Both attorneys dedicated their professional
Jackson Walker Welcomes Randel Young
HOUSTON – Jackson Walker is pleased to welcome partner Randel Young to the firm’s Houston office. Mr. Young has almost 30 years’ experience in the energy, natural resource and electric power and related service sectors, with an emphasis on structuring, negotiating and documenting oil and gas, natural resource and other projects and transactions. Mr. Young’s practice is focused on U.S. and international project development and project finance transactions, U.S. and