Photo: Jesse Rose (CPO/CTO), Noah Kotlove (CEO)
Berry Street, the NYC-based telehealth platform connecting patients with chronic conditions to registered dietitians for evidence-based nutritional counseling has raised $50M in its latest fundraising to expand its AI business-in-a-box platform already serving thousands of dietitians and growing. The company has secured investment from Northzone, Sofina, FJ Labs, Founder of Revolut, Co-Founder of Spring Health, Co-Founder of Grow Therapy, and CEO of Found, amongst others.
Obesity and diabetes are a large and continuously growing burden on the US healthcare system and the current approach to nutritional health is flawed (over 150 million people in the US have a nutrition related illness in the US). The founders Noah Kotlove (CEO) and Jesse Rose (CPO/CTO)’s vision is to shift the focus of healthcare in the US to a preventative, nutrition-led care model in order to address these issues including diabetes, heart disease, and obesity at the root.
Berry Street’s program includes personalized care, ongoing support, and holistic health considerations. Over 95% of sessions are insurance-covered, making them free for most patients. Berry Street brings dietitians in-network by onboarding them as 1099 contractors and negotiating fee-for-service contracts. The platform is in-network with major insurers like BCBS, Aetna, Cigna, UnitedHealthcare, and Oscar Health, and operates in 35 states.
Our Partner, Wendy Xiao adds, “The team has built the most engaging consumer and provider-facing apps we have seen in the market as well as automated a lot of the complex back office healthcare functions seamlessly using AI. We’re excited for them to double down on this with this massive capital raise. The data around diet behavior change that Berry Street is building will help them win in this market with payers who are renewing their interest in this category due to the tremendous impact of GLP-1s. On the consumer side, we also believe that these drugs have given consumers a taste of how good it can feel to lead a healthy lifestyle, now they are ready to change their behaviors around eating in order to sustain the results!”
Welcome to the portfolio, Noah, Jesse, and team! Your work empowering dietitians is more important than ever.