Foodsmart Lands $200M for Telenutrition


Foodsmart wants to make diet the first line of defense.

The news: The food as medicine platform secured $200M from The Rise Fund, TPG’s impact investing arm.

Foodsmart combines 1:1 telenutrition with personalized meal planning and discounted grocery delivery via Instacart, Grubhub, and Walmart to reverse diet-related disease.

Already serving 2.2M members, the new funding will support expanded health plan partnerships, increasing access to insurance-backed meals.

Why it matters: Poor diet contributes to the death of 10K+ Americans every week, costing the country over $1T. As an alternative or complement to GLP-1s, food as medicine will be key to better outcomes.

Making nutrition coaching and healthy groceries accessible, Foodsmart and others aim to combat obesity, hypertension, complex illness, and food insecurity.

  • Specializing in chronic disease, Season Health raised $7M in December.
  • Expanding access to RDs, Nourish closed a $35M Series A round in March
  • Also in March, Chiyo secured $3M for TCM-inspired maternal health meal delivery.
  • Backed by General Catalyst and Forerunner Ventures, Fay emerged with $25M in May.

Meanwhile, food desert-focused FarmboxRx eclipsed $35M in revenue, and Kaiser Permanente launched a Food Is Medicine Center of Excellence to advance healthcare integration.

Offering another approach, glucose monitoring platforms are adding AI-led health coaching capabilities to support behavior change.

Punchline: Drugs can jumpstart weight loss, but long-term health rests on lifestyle shifts. A zero-risk step therapy, food prescriptions could soon become core to primary care.

Get the latest health and fitness industry news

Keep up with industry news, trends, investment activity, and job openings — in one weekly newsletter.

    No thanks.