Berry Street, a telehealth startup providing nutrition counseling services covered by health insurance, raised $50 million in funding.
The investment round was co-led by Northzone, Sofina, and FJ Labs, with additional funding from the founder of Revolut, Co-founder of Spring Health, Co-founder of Grow Therapy, and CEO of Found, amongst others.
With over 150 million Americans affected by nutrition-related conditions such as obesity, diabetes, and heart disease, the current healthcare system has proven insufficient. With new funds, Berry Street aims to address this critical issue by expanding its innovative, insurance-covered nutrition coaching platform, ultimately shifting the focus of healthcare from reactive treatment to proactive, preventative care that tackles these conditions at their root.
Based in New York, Berry Street offers a virtual nutritional program that 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.
Berry Street has built a network of over 1,000 registered dietitians, ranging from individual specialists to large group practices, and partnerships with insurance providers nationwide, including Aetna, Anthem, Cigna, UnitedHealthcare, and several Blue Cross Blue Shield affiliates. If the insurance does not cover dieticians, they offer cash pay per session for $145.
Poor diet is the leading cause of mortality in the U.S. due to the direct relationship with diet-related chronic diseases, which disproportionally affects underserved communities, and exacerbates health disparities.