Asset Manager

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Phlo Technologies

Adam Hunter launched Phlo Technologies in Glasgow in 2019, designing a vertically integrated digital pharmacy from the ground up.

Phlo Technologies

Adam Hunter launched Phlo Technologies in Glasgow in 2019, designing a vertically integrated digital pharmacy from the ground up. The firm holds General Pharmaceutical Council registration and operates its own dispensing facilities, bypassing legacy wholesaler networks. At launch, Hunter described the mission as building a patient-centric alternative to high-street chemists, with an initial service area covering Greater Glasgow before expanding across the UK. Phlo's strategy combines B2C pharmacy services with B2B infrastructure plays. The consumer-facing digital pharmacy offers same-day medication delivery, real-time prescription tracking, and clinician messaging. On the B2B side, the firm partners with NHS trusts and private providers through Phlo Connect — an API-first pharmacy infrastructure layer that embeds Phlo's dispensing and logistics into third-party digital health platforms. Confirmed partners include Babylon Health, the NHS Greater Glasgow and Clyde health board, and online dermatology clinic GetHarley. The firm has raised venture funding to scale its operations. Phlo closed a £2 million seed round in 2020 led by Scottish angel syndicates, and secured a £10 million Series A in 2023 from Par Equity alongside other backers including Thairm Bio and Scottish Enterprise. The funds have supported geographic expansion into Birmingham and London, the build-out of automation at its central Glasgow dispensing hub, and the development of the Phlo Connect API product. Phlo's structural distinction lies in its dual revenue model — it functions simultaneously as a regulated pharmacy dispensing to patients and as a white-label infrastructure provider to other digital health companies. This means competitors in the digital clinic space can also become Phlo Connect customers, giving the firm exposure to multiple growth vectors within the UK's £12 billion community pharmacy market without relying solely on direct-to-consumer acquisition.

General information

Firm type

Asset Manager

Year founded

2019

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

Glasgow

Corporate office

Glasgow, United Kingdom

Principals

Adam Hunter

Founder & CEO

Sector focus

Digital Health

Frequently asked questions

Who runs investment and strategic decisions at Phlo Technologies?

Adam Hunter, the founder and CEO, drives Phlo's strategic and operational direction. In March 2025, the firm appointed Deborah O'Neil as Chair — a seasoned biotech entrepreneur with board experience at Novo Nordisk's UK entity — which signals a governance shift toward more structured oversight as the company scales its pharmacy infrastructure business.

How does Phlo Technologies generate revenue?

Phlo operates a dual revenue model. The direct-to-consumer Phlo Digital Pharmacy earns dispensing fees and margin on prescription medications delivered to patients. The B2B Phlo Connect platform generates recurring revenue by providing white-label pharmacy fulfillment and logistics APIs to digital health providers such as Babylon Health and GetHarley, who embed Phlo's infrastructure into their own patient-facing applications.

Is Phlo Technologies a pharmacy or a technology company?

Phlo is both. It holds full General Pharmaceutical Council registration and operates a physical dispensing hub in Glasgow, making it a regulated community pharmacy. In parallel, it is a technology company that licenses its API-driven pharmacy infrastructure to third-party digital health platforms, enabling them to offer prescription services without building their own dispensing networks.

Which digital health platforms use Phlo Connect as their pharmacy infrastructure?

Confirmed Phlo Connect customers include Babylon Health, the NHS Greater Glasgow and Clyde health board, and the online dermatology clinic GetHarley. The platform is designed to integrate with any digital health provider that requires regulated pharmacy fulfillment, making it a horizontal infrastructure layer across the UK digital health market.

What funding has Phlo Technologies raised, and who are its backers?

Phlo raised a £2 million seed round in 2020 from Scottish angel syndicates and secured a £10 million Series A in 2023. The Series A was led by Edinburgh-based Par Equity with participation from Thairm Bio and Scottish Enterprise, the Scottish Government's economic development agency. The capital has funded geographic expansion and automation of the firm's central dispensing facility.

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