Foodsmart, a telenutrition and food benefits management platform, received a $200 million investment from The Rise Fund to address food insecurity, which affected 12.8% of U.S. households in 2022. The platform, founded in 2010, connects patients with chronic diseases to registered dietitians, meal planning, food ordering, and SNAP benefits. The investment will help Foodsmart scale its business and invest in technology to support patients and practitioners. The company aims to provide nutrition support to underserved populations and work with healthcare systems to prescribe food as they do medications. Other companies in the space include Season Health, NourishedRx, and FarmboxRx.
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Foodsmart Snags $200M Investment Led By TPG’s Rise Fund
