NRD Capital Management has announced a growth capital investment in FundRx.

The investment was made through NRD’s affiliate NRD Healthcare Solutions.

NRD Capital Management, based in Atlanta, invests in small- to medium-sized franchisors. The firm seeks to make equity investments from $3 million up to $25 million.

FundRx, based in New York, is a venture capital platform that builds and invests in healthcare and life sciences startups. It has a portfolio of 15 companies.

Terms of the transaction were not disclosed.