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NRD backs FundRx

NRD Capital Management LLC has made an investment in New York City-based FundRx, a venture capital platform that invests in healthcare and life sciences startups. No financial terms were disclosed.

PRESS RELEASE

ATLANTA–(BUSINESS WIRE)–NRD Capital Management, LLC (“NRD”), an Atlanta-based private equity firm that specializes in franchised and multi-location business investments, through its affiliate NRD Healthcare Solutions, today announced a significant growth capital investment in New York City-based FundRx. The investment is NRD’s first healthcare-focused company and the second investment made from NRD’s recently closed second fund, NRD Partners II L.P. Terms of the transaction were not disclosed.

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