companies

Faks

Founded 2020
Employees 40+
Primary contact
40 rue de Provence
75009 Paris
France
Links
https://faks.co/
Sections
Faks has developed an easy-to-use platform for pharmacies that allows them to manage all their after-sales operations for all their suppliers, all in one place. This would include things like promotions, claims, and expired product management. As a result, pharmacies are freed from considerable administrative work and can focus on their patients, while groups of pharmacies can more easily federate the members of their network. On the other hand, suppliers' sales and support teams gain operational efficiencies.
Founded 2020
Employees 40+
Primary contact
40 rue de Provence
75009 Paris
France
Links
https://faks.co/
Sections

Funding 💰

Total €5M
Last round 🔗 €5M
Other
May 17, 2023.
Select investors Connect Ventures, Seedcamp, Cocoa Ventures, FJ Labs

Key people 🧑‍🤝‍🧑

Highlights ⭐

  • Digitizing pharmacies: Although the digital transformation of medical services and pharmacies accelerated during the COVID-19 pandemic, the pharmaceutical sector remains one of the least digitized sectors, and, as such, it presents a big opportunity for companies like Faks.
  • Fast growth: After only three years of activity, Faks is the leader in the French market. As of June 2023, its network includes 13,000+ partner pharmacies (60% of the French pharmacy network), 118 pharmacy associations, and more than 700 pharmaceutical companies, including industry giants like Biogaran, Biocodex, and Bouchara.
  • Eyes on Europe: After having partnered up with 60% of French pharmacies, Faks is convinced that its solution can profoundly transform the business of pharmacy professionals throughout Europe.

Video ▶️

Quotes 💬

“
Faks is a great example of taking a product-led approach to transforming how an industry operates. They've combined a compelling workflow product with powerful network effects to build an impressive leading position in the market, with 60% of French pharmacies already onboarded and more joining every day. The incredible traction reflects a team that is both highly strategic and excellent at execution, a powerful combination.
— Sitar Teli, Partner of Connect Ventures 🔗
Last update: July 4, 2023