Our investment in Nourish: the leading nutrition care platform tackling chronic disease
Nutrition-related chronic disease is one of the largest and most overlooked crises in the world. Today, 60% of Americans live with at least one chronic condition, 40% have two or more, and these conditions such as obesity, diabetes, and heart disease together account for the vast majority of the nation's healthcare spend. Working with a Registered Dietician (RD) is one of the most effective interventions available, but fewer than 1% of eligible Americans use their covered benefits due to a lack of awareness and limited access.
Nourish has solved this by connecting patients, dietitians, and insurance payers through a AI-powered virtual care platform, making it easy to access insurance-covered dietitian care for every major nutrition-related condition. The company now serves hundreds of thousands of patients across all 50 states and employs over 3,000 RDs — the largest network in the country. Nourish partners with national commercial, Medicare, and Medicaid plans, covering hundreds of millions of lives, with 94% of patients paying zero dollars out of pocket.
Nourish’s model is already delivering meaningful clinical results, with patients seeing major improvements in key diabetes and cholesterol clinical markers. Nourish’s recently published data shows patients on GLP-1s like Ozempic lost 33% more weight when paired with a Nourish RD, while also reporting better medication adherence and reduced side effects.
Solving a problem this vast and with so many stakeholders requires a deeply mission-driven and focused team. Nourish was founded by three close friends -- Aidan, Sam, and Stephanie -- who experienced firsthand the power of food as medicine by working with an RD to address their own chronic conditions. The scale and leading position that the company has reached in just over three years is a testament to the drive and determination of the Nourish team.
With a product and model that benefits all stakeholders -- patients, registered dieticians, and insurers -- Nourish is transforming access to nutrition care to address the root cause of so many chronic conditions, and consequently, healthcare costs. Atomico is excited to be supporting the Nourish team as they continue to scale this category-defining company to transform the lives of millions of people.
Atomico is delighted to be investing in Nourish’s $70m Series B round as it becomes the category-defining leader in virtual nutrition care. This round will enable the company to accelerate product development, expand its Registered Dietitian network, and deepen strategic partnerships across the healthcare ecosystem.
Atomico has had the privilege of working with other incredible leaders in digital health since their Series A rounds, including Hinge Health and Wellhub, which have scaled into multi-billion dollar companies. The combination of a best-in-class digital product, a business model that aligns incentives for all stakeholders, and a clinical outcomes-focused approach led by a mission-driven team have propelled these companies into category leaders -- we are honoured to be able to support another such company in Nourish.
