Acquisition
Jan 2024SmithRx acquired WithMe Health (reported by PitchBook) to expand its offerings.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
SmithRx is a modern, transparent PBM for self-insured employers that emphasizes 100% pass-through pricing, lower drug costs, and a better member experience.
Primary product
Transparent, 100% pass-through pharmacy benefits management (PBM) platform / drug pathways engine
Founded
2016
Headquarters
San Francisco, California, United States
Team size
400-500
Work style
Flexible
Industry
Hospitals and Health Care
Sub-industry
Pharmacy Benefit Management (PBM)
Offices
300 Brannan St, San Francisco, CA 94107 (HQ)
300 Brannan Street, Suite 601, San Francisco, CA 94107
1331 W Powell Way, Suite 4, Lehi, UT 84043
6080 Tennyson Pkwy, Plano, TX 75024
Funding
Stage
Series C
Total raised
$104.7M
Latest round
Series C · Jan 2024
Latest amount
$60M
Jan 2024 · Venrock
Mar 2022 · Venrock
People & investors
Leadership
Jake Frenz
Founder & CEO
Chief Strategy Officer
Sam
Chief Commercial Officer
Joy
Chief Customer Success Officer
Jeff
Chief Sales Officer
Vidya
SVP, Marketing
William Sloan
Chief Legal Officer
Jim
SVP, Supply Chain
Chief Human Resources Officer
Work & culture
Publicly positions itself as values-driven and mission-first, with core values of Courage, Integrity, and Together. Public recognition highlights leadership strength, career growth, and a transparent, team-oriented culture.
Work style
Flexible
Compensation
No public salary bands or compensation ranges were found. Public signals emphasize strong career growth, benefits, and leadership/culture recognition, but compensation is not disclosed on the company site.
Benefits
Medical, dental, and vision coverage
Gym memberships
Pet pharmacy benefits
Career development support
12 company holidays including Anvil Day
Product & market
Pricing
Transparent 100% pass-through PBM pricing for employer plans, with real-time prescription pricing and savings-oriented plan design.
Differentiators
- —100% pass-through model
- —No hidden fees
- —Real-time prescription pricing
- —In-house adjudication / drug pathways engine
- —Lowest-cost drug identification and onboarding
- —Detailed savings reporting
- —Member-centric support
- —Specialty savings programs such as Autoimmune Savings and Low-Cost Insulin
- —Partnership ecosystem with Mark Cuban Cost Plus Drug Company, Amazon Pharmacy, and Transcarent
Technology
Greenhouse
Scale & contact
Estimated revenue
$1M-$10M
Estimated monthly visits
33.4K
Signals & risks
Acquisition
Jan 2017SmithRx acquired WhiteWell Rx / White Well PBM early in its history (reported by PitchBook).
SourceLatest news
PR Newswire · Jun 2026
SmithRx integrated with Transcarent's WayFinding platform to bring prescription drug cost intelligence and real-time pharmacy execution into benefits navigation; the release cites average $37 PMPM savings across its client base.
PR Newswire · Jun 2026
SmithRx launched a GLP-1 partner ecosystem with 9amHealth, Calibrate, Cost Plus Drugs, FlyteHealth, Form Health, and others to support sustainable employer coverage and savings.
PR Newswire · Mar 2026
SmithRx announced URAC Pharmacy Benefit Management Accreditation, strengthening its public claims around operational quality, governance, and transparency.
Open Positions
40 jobs at SmithRx
Vice President, Trade Relations & Formulary Strategy
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