Nashville, Tenn., Sept. 19, 2011 – NuScriptRX, a Nashville-based mail order institutional pharmacy, has closed on a $13 million financing package, including an $8 million Series C led by Council Capital and a $5 million credit facility from Square 1 Bank.
In addition to Council Capital, the Series C includes four existing investors: Clayton Associates of Nashville, Tenn., Council Operating Partner Linwood A. (Chip) Lacy, Jr., an additional strategic investor and Council & Enhanced Tennessee Fund, a TNInvestco fund affiliated with Council Capital. Four new investors in the round include Envest of Virginia Beach, Va. and three other TNInvestco funds – Nest-TN of Tullahoma, Tenn., Tennessee Angel Fund of Nashville, Tenn. (an affiliate of Nashville Capital Network) and Innova of Memphis, Tenn.