Faks funding news – French-based SaaS Faks Secures €6Million in Latest Funding

It provides a platform that helps pharmacies, laboratories, and pharmacy groups work together more easily. It includes a mobile app for pharmacy staff to manage supplier relationships, complaints, returns of expired medications, and other operations all in one place. Laboratories can also use the platform to improve customer relationships and efficiency.

Read also - Fund F funding news – Vienna-based Fund F Closes First Fund at €28Million

It focuses on security and privacy, ensuring that data is handled according to European regulations. Over 17,000 pharmacies, 500 laboratories, and 130 pharmacy groups are already using the platform. The company plans to expand by growing its R&D team from 7 to 15 people and focusing on Spain and Italy.

Corentin Geoffray, CEO & Co-founder of Faks said, “This funding marks a key milestone for Faks. After bringing together major industry players on one platform that simplifies their interactions, we are now investing heavily in our technology to help them save even more time and focus on what matters most: their patients. The growing diversification of pharmacies’ activities, on top of their most important role of advising patients, has left little time to manage back-office operations from order to stock management. We see a huge potential in centralising all their supplier interactions in a single platform and automating tedious - yet strategic - tasks with AI.

Wissam Nasreddine, Principal at Speedinvest said, "We have been impressed by Faks’ ability to stay focused on pharmacies’ critical needs, with the vision of reducing their operational burden and making everyone in the ecosystem (pharmacies, associations, laboratories) work more closely together.”

About Faks

Faks was founded in 2020 by Corentin, a tech entrepreneur, and Clément, a former delegate. They saw that there were not enough digital solutions for communication between pharmacies and laboratories. Faks is an app that connects pharmacy professionals, including pharmacies, groups, and laboratories.