Apothekary, the “pharmacy of the future” from the mind behind D.C. juice company Jrink, has quietly raised $500,000 ahead of what it’s planning to be its largest round to date.
The half-million raise is the first portion of a Series A round CEO Shizu Okusa is preparing to kick off at the end of this quarter. The founder of Wellthy & Co. — the parent that encompasses both Jrink and Apothekary — is looking to raise about $2 million this year for new hires and market expansion.
Okusa closed the $500,000 raise in November as a way to test the waters with her branding and market demand, she said. “If you raise on lofty valuations that are super high, no one’s going to be happy about that.”
The next wave of funding would enable Apothekary to hire a content creator and junior copywriter for the brand’s email, a developer and operations intern, according to Okusa. She’s already brought on meal delivery service Territory Foods alums Jennifer Burdick as its new director of marketing…Read the full story from the Washington Business Journal.