Nutrition startup Nourish raised $70 million in a Series B funding led by JP Morgan Growth Equity Partners. This has raised the value of the startup — which connects patients with dietitians for virtual, insurance-covered nutritional care — to over $1 billion. Other investors included new investors Atomico, G Squared, and PineGrove Venture Partners, alongside returning backers Index Ventures, Thrive Capital, Y Combinator, Maverick Ventures, and BoxGroup.
Nourish connects patients with registered dietitians for virtual, insurance-covered nutritional care. This is a space that has seen great momentum due to the rising costs and limitations of weight loss drugs. CEO Aidan Dewar told Business Insider that demand from health plans and patients has surged in the past year as weight-loss costs collide with the already escalating healthcare spend on chronic conditions — and meet an increasing consumer interest in health and wellness.
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“All of these things have led to patients taking their health into their own hands, and patients and payers both looking for solutions like this,” Dewar said.
Nourish has raised $115 million since its founding in 2021, and is now profitable, which is rare for a fast-growing digital health startup.
Paris Heymann, co-managing partner at JP Morgan Growth Equity Partners, first invested in Nourish’s Series A when he was a partner at Index Ventures. Index led Nourish’s $35 million Series A in March 2024. When Heymann left Index in October 2024, Nourish was one of the top-performing companies in the firm’s portfolio. Nourish is also the first digital health investment for JP Morgan’s equity arm.
Nourish was founded in 2021 by childhood friends Aidan Dewar and Sam Perkins — who’s the president of the company — along with Perkins’ college friend Stephanie Liu, who is currently the CTO. The trio came up with this startup to solve problems they have faced firsthand. “We realized it wasn’t just things like migraines or GI issues that are downstream of what you eat, but some of the most prevalent, costly, and deadly conditions are downstream of nutrition,” Dewar said. Today, Nourish says it’s built the largest nutrition care platform on the market with more than 3,000 registered dietitians on staff.