San Francisco, California
Overall Rank: 26
Category: Consumer HealthTech
Category Rank: 4
- Top HealthTech Company of 2022
Alto is transforming a $500 billion industry by unlocking potential at every step of the prescription process. From the software in the doctor’s office, through benefits and price investigation, to hand-delivery to people’s homes and ongoing patient support, Alto’s platform delivers a level of value and care far beyond people’s expectations of traditional retail or digital pharmacies.
Alto Pharmacy was started in 2015 by two Facebook engineers, Jamie Karraker and Mattieu Gamache-Asselin, who were frustrated with the existing pharmacy experience, how bad it was, and especially how little technology was being used within these systems. The San Francisco-based company began in the storage closet of a small independent pharmacy.
As of 2022, Alto has increased its reach to 13 markets, grown revenue to almost a billion dollars, and launched shopping for over-the-counter medications on their app. They also announced a new CEO joining September 1, Alicia Boler Davis. She joins Alto from Amazon, where she led global customer fulfillment, Amazon’s largest team, and previously General Motors, where she led global manufacturing, among many other teams. Alto has raised a total of $550 million from investors like Softbank Vision Fund, Greenoaks Capital, Jackson Square Ventures, and Olive Tree Capital.
“Between the cost savings, the convenience, and the better care, Alto really is a better pharmacy”
“The experience with Alto has been truly life changing… I really rely on the service of a good pharmacy” – Nicole, Alto customer
“Same day delivery and my packages have come with fancy candies twice. Brings a smile to my face everytime” – Daniel O.