On May 30, 2024, Plenful, an AI workflow automation platform streamlining pharmacy and healthcare operations, announced the completion of a $17 million Series A financing led by TQ Ventures, with participation from Bessemer Venture Partners, Mitchell Rales (Co-founder and Chairman of Danaher), Susa Ventures, and existing investors. Wilson Sonsini Goodrich & Rosati advised Plenful on the transaction.

The U.S. healthcare system faces nearly $1 trillion in manual and administrative labor costs, exacerbated by labor shortages and employee burnout post-COVID, as well as a decline in pharmacist graduation rates. Plenful, founded by experienced pharmacy and healthcare operators, offers a solution to these issues by providing a platform that automates various pharmacy administrative tasks. The infusion of additional capital will be used to further develop and enhance the company’s infrastructure, tailor automation to each customer's needs, and expand the use of machine learning to improve user experiences.

The Wilson Sonsini team that advised Plenful on the transaction includes Rezwan Pavri, Lang Liu, Richa Sharma, Avery Minor, and Ayush Sahni.

For more information, please see Plenful’s news release.