Foodsmart Raises $200M Funding

Foodsmart, a San Franciso, CA-based telenutrition company and a provider of a food benefits management platform, raised USD200M in funding.

The round was led by The Rise Fund.

The company intends to use the funds to expand operations and its business reach.

Founded in 2010 by CEO Jason Langheier, Foodsmart supports those facing chronic disease and food insecurity by partnering with health plans and providers to give patients access to personalized and affordable healthy eating options. It combines virtual nutrition counseling through a network of Registered Dietitians in the US, with an integrated digital food benefits management platform through which patients can plan personalized meals, order quality food through grocers nationwide and local medically tailored food partners, apply for SNAP benefits, and learn ways to buy good food affordably.

Today, the company serves over 2.2 million members through contracts with regional and national Medicaid Managed Care Organizations, Medicare Advantage plans, commercial insurers, and over one thousand employers.