TCV has led a $200m round for online pharmacy Capsule, increasing the Virgin-backed company's total funding to $270m.

Capsule, the US-based online pharmacy operator backed by conglomerate Virgin Group, has collected $200m in a funding round led by venture capital firm TCV, CNBC reported on Friday.

Investment firm Thrive Capital and growth equity firm Glade Brook Capital Partners also took part in the round, which lifted the company’s overall funding to $270m.

Founded in 2015, Capsule operates an online service that delivers prescription drugs to patients within two hours. The platform offers patients information on co-payment and possible…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.