January 30 - 11:01
Alto hits $1 billion valuation, SoftBank backs "digital pharmacy"
Alto Pharmacy has received backing from SoftBank in its latest funding round. The investment takes Alto's valuation past $1 billion. Known as a "digital pharmacy", Alto delivers prescriptions to patients across the US. It was founded in Silicon Valley in 2015. This funding round earned the firm around $250 million. Other existing investors include Greenoaks Capital and Jackson Square Ventures.
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