Healthcare Solutions To Make Prescriptions Manageable

"The PFG team really understands high-growth companies, and the ebbs and flows. The capital allowed us to build our team, our customer base and design a proprietary pharmacy operating system that led to the interest of major players in the industry."

- Arvind Movva, Founder & CEO

divvyDOSE is a specialty pharmacy business located near Chicago, Illinois with an innovative approach to help patients improve regiment adherence and compliance. Despite fantastic growth projections, divvyDose presented funding challenges for any commercial bank – a small enterprise, not venture-backed, and without meaningful Accounts Receivable because customers pay with credit cards.


Although divvyDOSE was small on the scale of those PFG usually works with, the team saw a company more than doubling revenues annually with a sticky recurring revenue model, a high level of customer diversity, and proposed debt coming in alongside substantial insider equity to capitalize on the secular tailwinds of the business. PFG was further impressed by the divvyDOSE management team led by a CEO that had previously built and sold a healthcare service business to private equity—an experience through which he recognized the unique market opportunity for his next venture.


PFG was able to structure a Senior Secured Term Loan alongside an equity round led by the Founder / CEO, company insiders and a family office. The capital raising funded the majority of the company’s cash needs to achieve profitability and PFG’s initial debt transactions functioned as a cushion to the operating plan, and follow-on financings demonstrated balance sheet strength as the company talked to investor candidates. 

Two years of growth and development and another round of equity financing brought the company vastly improved unit economics. With their margins positive and improving, and IP value through in-house built software increasing, divvyDOSE was acquired in late 2020 by UnitedHealth Group.

No compensation was received by any individual or company for their views and thoughts expressed. The individuals or companies are not investment advisory clients of PFG.

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SVB is a leading American bank providing products, services and strategic advice for businesses at every stage. They operate as a go-to commercial bank for start-ups and established corporations, offering venture funding, private banking & wealth advising. SVB is the largest lender to technology companies globally.

SVB has built its reputation as the financial partner of the innovation economy – helping individuals, investors and the world’s most innovative companies achieve extraordinary outcomes.
PFG and SVB have maintained an official strategic partnership since the late 1980’s. We have collaborated together as co-lenders and extended each other's ability to reach new markets and provide deeper capital to high-growth companies.

PFG and SVB have provided growth debt across the U.S. & Canada, Europe, Middle East, Asia, and Latin America, where we co-manage a Venture Debt Latin America Growth Lending Fund.

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IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

PFG and IFC are strategic partners where we extend IFC’s direct venture and VC funding, collaborating on fintech and tech lending across global growth markets.

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Aims to be the partner of choice for the private sector in Latin America and the Caribbean. They finance projects to advance clean energy, modernize agriculture, strengthen transportation systems and expand access to financing.

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 347 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

PFG leads a joint venture with IDB Invest that provides debt capital to emerging innovative tech companies across the region via our Latin America Growth Lending Fund. The initiative brings investment expertise into LAC from top notch global players in this field.