The UK’s Chemist Direct takes a dose of $10m in funding from Atomico, Lepe Partners and DMG Media

The UK’s Chemist Direct takes a dose of $10m in funding from Atomico, Lepe Partners and DMG Media ...

UK-based online pharmacy Chemist Direct has today announced a new $10 million round of funding from Atomico, Lepe Partners and DMG Media.

Chemist Direct offers health and beauty products and prescription medicines and is supervised by qualified pharmacists.

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While hardly at the sexy end of online retail, five-year-old Chemist Direct has a customer base in the tens of thousands, with two thirds of orders serving repeat customers. The company says that it’s on track to deliver year-on-year revenue growth of over 90 percent in 2013.

The new round brings the company’s total funding to $16 million, including a previous investment from Atomico back in 2009.

The $10 million will be used to expand Chemist Direct’s range of products and services, as the UK’s health market increasingly moves online.

Image credit: Thinkstock

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