Pharmaca to open 12 new stores

BOULDER – Pharmaca Integrative Pharmacy Inc., a Boulder-based chain of integrative pharmacies, has raised $20 million in venture capital to fund the opening of 12 stores adding to its 20 existing stores.

Highland Capital Partners, the Highland Consumer Fund and Physic Ventures participated in the round of funding. 

Founded in 2002, Pharmaca combines conventional prescriptions with natural and complementary remedies, provides private consultations on health and prescription matters and has a reference library and tea room for its customers.

Boston-based Highland Capital Partners was founded in 1988 and invests in information technology, communications, health-care and consumer products.

The Highland Consumer Fund is affiliated with Highland Capital Partners and specializes in consumer products, services and retail investment opportunities in growth-focused companies.

Physic Ventures is based in San Francisco and works with consumer-driven health and sustainable living companies.

“Through its innovative approach combining modern pharmacy with complementary and holistic remedies, Pharmaca has established a leading position in an exciting new retail category,´ said Tom Stemberg, managing general partner of Highland Consumer Fund. “We look forward to further contributing to the company’s growth as they open additional stores into new markets.”

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