Rxpost

RxPost Inc. operates a DSCSA-compliant online marketplace and cloud inventory platform for licensed independent pharmacies. Members list surplus medications for sale to other verified pharmacies and source lower-cost or hard-to-find drugs from the network, with the platform generating audit-ready transfer documentation for each transaction. Alongside the marketplace, RxPost provides inventory-management software that tracks on-hand stock, lot numbers, expiration dates and reorder points, benchmarks prices automatically against wholesale acquisition cost (WAC), and lets multi-store operators link locations under a master login, view a chain dashboard and record internal transfers.

The service runs in a browser with no special hardware required, though a barcode scanner can speed up listing; inventory can be imported by CSV or synced from supported pharmacy management systems, and users can export inventory and transaction records. Controlled substances, items tied to government discount programs such as 340B, and other NDCs prohibited by DSCSA or state law are blocked from listing. Buyers search by NDC or drug name, check out with FedEx 2-Day, Priority Overnight or free local pick-up, and unfilled needs can be posted as requests that alert the network when matching stock appears. Payments are routed through a SOC 2 Type II ACH environment, with Dwolla Platform accounts used for payment functionality under the terms of service.

Founding story

Amantha Bagdon, a former pharmacy technician with about 20 years in community pharmacy, developed the idea while working at an independent pharmacy in Los Angeles after observing usable medication being discarded at one store while nearby pharmacies paid a premium for the same drugs. She founded RxPost to replace the ad hoc phone, email and paper purchase-order system pharmacies used to trade inventory.

Business model

RxPost operates a two-sided B2B marketplace connecting licensed independent pharmacies as buyers and sellers, combined with subscription software tiers for inventory and multi-store management. Buyers and sellers contract directly with each other; RxPost states it is not a party to the underlying sale.

A free Starter tier allows unlimited listings and charges a 10% fee only when an item sells. Paid subscription tiers (including Scale and Enterprise) add white-glove or priority support and multi-store tools; annual billing is discounted roughly 20% versus monthly. There are no setup or listing charges; payouts and charges run through ACH, with card payment accepted for subscription tiers.

Traction

The company reports more than 900 independent pharmacies on the network and coverage across 34 U.S. states. Following participation in Slauson & Co.'s Friends & Family accelerator in 2024 and expansion into New York, RxPost reported revenue growth of roughly 4,882% year over year. Site-published averages include $12,294+ saved in a customer's first 30 days, $80.8K+ in cash from surplus in the first 60 days, $60.8K+ in annual inventory-cost savings, an 11.1-percentage-point gross margin lift, and a 21.8% average discount versus WAC.

Latest developments

Proceeds from the pre-seed round are being applied to hiring pharmacy-experienced customer success staff and building out the engineering team around founding engineer Brendan Hoffman. The founder has indicated the company will likely begin raising a seed round within roughly 18 months of the pre-seed close.