Andel was founded by Jay Bregman in 2025.

Who are Andel's investors?

Andel's investors include City Light, Lightbank, Seedcamp, Bertelsmann Investments, Houghton Street Ventures.

How much funding has Andel raised?

Andel has disclosed $8.1M raised across 2 rounds.

Where is Andel headquartered?

Andel is headquartered in New York, US.

Andel

New York, US · Founded 2025 · 9 known investors

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Andel is a cooperative pharmacy marketplace that gives employer health plans access to manufacturer-direct pricing on high-cost medications, cutting out rebates and middlemen. It manages the full pharmacy experience — intake, fulfillment, and delivery — and offers an API for real-time plan integration, serving plan sponsors and their members.

Digital Health Healthtech Marketplaces

Founders & leadership

Andel was founded in 2025 by Jay Bregman.

Jay BregmanFounderJay Bregman spent two decades building marketplace platforms that disintermediate industries, including eCourier, Hailo, and Thimble, before founding Andel, a cooperative pharmacy platform that connects employers directly to pharmaceutical manufacturers for high-cost medications. He comes from a medical family, with his father an inventor in cardiac medicine and his mother a practicing nurse anesthetist.

Ritu Malhotra SingalNamed on SEC filing

Investors · 9

City Lightlisted by City LightNew York · $1M – $6M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Lightbanklisted by LightbankChicago · $500K – $5M

How we know: Lightbank's portfolio page · funding news · prnewswire.com · Not right? Tell us

Seedcamplisted by SeedcampLondon · $378K – $1.1M

How we know: Seedcamp's portfolio page · a partner's Signal profile · funding news · prnewswire.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Bertelsmann InvestmentsreportedGütersloh

How we know: funding news · Not right? Tell us

Houghton Street VenturesreportedLondon · $500K – $2.5M

How we know: funding news · prnewswire.com · Not right? Tell us

Also in the syndicate · 4

Bertelsmann Healthcare InvestmentsCitylightSemper VirensSpringboard

Funding

SEC filings, press & company announcements

$8.1M disclosed across 2 rounds · 2025

$4.5MraisedOct 2025 · 3 sources
Seedcamp
Source ↗

▶$3.6MraisedAug 2025 · 4 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Ritu Malhotra SingalExecutive Officer, Director
Jay BregmanExecutive Officer, Director

Offering amount: $4.2M
Amount sold: $3.6M
Proceeds to insiders: $250K
First sale: Aug 2025
Incorporated: Corporation, Delaware, 2025
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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Companies working in the same space as Andel.

In the news

Andel Raises $4.5M for Its Employer-Supported Medication Marketplaceprnewswire.com · Oct 2025

Andel Raises $4.5M in Fundingfinsmes.com · Oct 2025

Frequently asked questions

What does Andel do?: Andel is a cooperative pharmacy marketplace that gives employer health plans access to manufacturer-direct pricing on high-cost medications, cutting out rebates and middlemen. It manages the full pharmacy experience — intake, fulfillment, and delivery — and offers an API for real-time plan integration, serving plan sponsors and their members.
Who founded Andel?: Andel was founded by Jay Bregman in 2025.
Who are Andel's investors?: Andel's investors include City Light, Lightbank, Seedcamp, Bertelsmann Investments, Houghton Street Ventures.
How much funding has Andel raised?: Andel has disclosed $8.1M raised across 2 rounds.
Where is Andel headquartered?: Andel is headquartered in New York, US.