Free From Market, a telemedicine startup providing nutrition services for lower-income Americans, raised $2.1 million in Seed funding.
Bluestein Ventures led the investment round with participation from Acumen America, Beta Boom, KCRise Fund, 1st Course Capital, and AssetBlue Ventures.
According to the press release, the funding allows the company to enhance its technology platform and expand its service delivery model to provide affordable, inclusive access to the personalized foods, telenutrition, and data necessary to improve health outcomes.
Commenting on the funding news announcement, Free From Market Co-Founder and CEO Emily Brown said: “Our new investors and partners, who bring expertise in food, supply chain, and digital health, provide us the opportunity to reach and impact more people. Every household, regardless of income or zip code, deserves access to high-quality food and ongoing support that meet their specific healthcare needs.”
Emily Brown added: “One in three Americans has a condition where food is part of the standard of care, yet many Americans do not have access to food and resources needed to treat it.” “Our curated food is free from ingredients an individual does not want and full of all the nutrients they need to manage a healthy life. This funding round is merely one milestone towards our goal to make a lasting impact on improving healthcare in this country and center health equity.”
“Food has a powerful ability to heal our bodies, and we’re thrilled to support FFM as they build the future in the ‘food is medicine’ space,” said Andrew Bluestein, managing partner of Bluestein Ventures. “We continue to be impressed by the team’s deep expertise and passion, both through lived experience and decades in the industry. FFM is the much-needed connective tissue, bringing together key stakeholders within food and healthcare industries to improve the health and wellness of our communities.”
According to our database, telehealth startups providing nutrition services have raised more than $2 billion in funding to date. More recently, WellTheory, a provider of virtual evidence-based nutrition, lifestyle coaching, and autoimmune health services, raised $7.2 million in seed funding led by Accel, with participation from Box Group, Lux Capital, Scribble Ventures, and Rock Health. In another round, Rootine, a provider of genomics-based personalized at-home nutrition services and multi-vitamin supplements, raised $10 million in Series A funding led by Relevance Ventures with participation from Techstars and DSM Venturing.