Alto Pharmacy Secures $40 Million Convertible Note Backed by SoftBank

Reported about 5 hours ago

Alto Pharmacy, a San Francisco-based digital pharmaceutical startup, has raised $40 million through a convertible note, with participation from its existing investor, SoftBank Group. This new funding comes as Alto's valuation has dropped significantly from $1.8 billion during the pandemic to $786 million in its most recent funding round.

Source: YAHOO

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