Natural Partners Fullscript (Scottsdale, AZ) has announced a $25 million Series B financing led by Kayne Partners, the growth equity group of Kayne Anderson Capital Advisors, L.P., focused on enterprise software and tech-enabled business services companies.
With the funding, Natural Partners Fullscript will focus on scaling its online technology platform, Fullscript. Fullscript enables health care practitioners in the U.S. and Canada to dispense professional-grade nutritional supplements to their patients through an e-prescribing platform. Patients fulfill their prescription online and practitioner-recommended products are shipped direct, minimizing the need to manage a large physical inventory.
In recent months, Fullscript has begun to expand its reach by integrating with a growing number of Electronic Health Record partners—a strategy the company believes will help make nutraceuticals a more broadly utilized intervention within the conventional medical standard of care. By expanding their growing list of integration partnerships the company will build a robust database of nutritional supplement research linked to ingredients and conditions, including drug-nutrient depletion and interaction tooling that will inform practitioners how to safely and effectively use nutraceuticals.
“We are thrilled that Kayne has chosen to partner with us. Their support enables us to accelerate our technology and talent investments, helping us achieve our vision of putting wellness at the center of health care.” said Fran Towey, CEO of Natural Partners Fullscript. “As the health care landscape continues to evolve, our focus is on delivering product and services designed to help practitioners provide better care, and support a patients’ personalized path to wellness. With innovations in point-of-care reference materials and evidence-based decision support tools, we believe we can change the way health is prescribed.”
“Natural Partners Fullscript provides tremendous value for the professional-grade supplementation ecosystem, demonstrated by the rapid adoption of its platform by practitioners and leading professional-grade supplement brands,” stated Leon Chen of Kayne Partners. “We are excited that our partnership empowers Natural Partners Fullscript to more aggressively pursue the growth happening within the integrative medicine industry by providing health care practitioners with a platform to achieve better health outcomes for patients.”
The company looks forward to leveraging its deep knowledge of the health care practitioner market and significant experience in customer experience, supply chain, and supplier relations to bring its technology and content platform to more practitioners and patients across North America.