| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Healthtech |
| Total raised | $300M (Glade Brook Capital, L Catterton, 2016–2021) |
| Collapse type | Silent Shutdown |
| Founder | Eric Kinariwala |
Capsule
"NYC pharmacy delivery startup raised $300M from L Catterton—then shut down operations in March 2023 after failing to expand its tech-first pharmacy model beyond its home city."
Quiet closure with no public announcement
Key Events Timeline
Capsule was founded in New York in 2016 to reinvent the pharmacy experience: free same-day delivery, proactive refill management, pharmacist messaging, and a modern app interface.
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