Foodsmart

Foodsmart

Personalized nutrition and meal planning platform

About

Foodsmart offers a platform that helps individuals and families improve their nutrition and meal planning through dietary assessments and nutrition counseling from dietitians. Users receive personalized meal plans and can order healthy food directly to their homes via partnerships with delivery services like Instacart and Grubhub. What makes Foodsmart different is its combination of meal planning, nutrition advice, and food delivery in one service, catering to those with specific health needs and food insecurity. The company's goal is to empower users to make healthier food choices and achieve their health objectives.

Company Stage

Growth Equity (Venture Capital)

Employees

201-500

Industries

Food & Agriculture, Healthcare, Consumer Goods

Total Funding

$301.4M

Headquarters

N/A

Founded

2010


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Simplify's Take

What believers are saying

  • The recent $200 million Series D funding from The Rise Fund will significantly boost Foodsmart's expansion and operational capabilities.
  • Foodsmart's partnerships with health plans and providers, including Medicaid and Medicare, expand its reach to over 2.2 million members, ensuring a broad and diverse user base.
  • The innovative 'Foodscripts' program allows healthcare providers to prescribe nutrition plans like medications, potentially revolutionizing patient care.

What critics are saying

  • The crowded health and wellness market requires Foodsmart to continuously innovate to maintain its competitive edge.
  • Legal challenges, such as the TCPA lawsuit, could result in financial and reputational damage.

What makes Foodsmart unique

  • Foodsmart uniquely integrates dietary assessments, nutrition counseling, and food delivery into a single platform, unlike competitors who typically focus on one aspect.
  • Their partnerships with major food delivery services like Instacart, Grubhub, and Walmart provide a seamless user experience that is hard to replicate.
  • The 'Foodsmart Bucks' rewards program incentivizes healthy eating by offering savings on groceries, adding a unique value proposition.

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Growth & Insights
Headcount

6 month growth

22%

1 year growth

73%

2 year growth

181%

Benefits

Competitive compensation

Unlimited PTO

Flexible working hours

Flexible working location

Paid health insurance

Monthly gym subsidies

Daily lunch allowances

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