Funding profile · Virtual nutrition care

Nourish

Four priced rounds in four years, $215 million raised, a reported $1.75 billion valuation, and not one filing on EDGAR. The capital record is press release and reporting.

$215.0MTotal raised, company-reported (May 2026)
$100.0MSeries C led by Menlo Ventures, May 2026
$1.75BPost-round valuation reported by Axios
0Form D notices, or any SEC filing, naming Nourish, Inc.

Data as of September 23, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
2021 Y Combinator, Winter 2021 Not disclosed Y Combinator YC data
Jan 2023 Seed $8.0M · total to $9.3M Led by Thrive Capital; Susa Ventures, Operator Partners, BoxGroup, Y Combinator; founder angels TechCrunch
Mar 27, 2024 Series A $35.0M · total to $44M Led by Index Ventures; Maverick, TCV, Y Combinator, Thrive, BoxGroup Company release
Apr 23, 2025 Series B $70.0M · total to $115M Led by J.P. Morgan Growth Equity Partners; Thrive, Index, Y Combinator, Maverick, BoxGroup, Atomico, G Squared, Pinegrove Company release
May 19, 2026 Series C $100.0M · total to $215M Led by Menlo Ventures; Thrive, Index, J.P. Morgan GEP, Maverick, Y Combinator, BoxGroup, Atomico, Daybreak, Operator Partners Company release

What the filings show

SEC EDGAR · no Form D on file · checked Sep 23, 2026

Form D notices
None
Any filing
None. Full text search returns zero documents
Rounds covered
Four priced rounds, 2023 to 2026
Likely exemption
Section 4(a)(2), which carries no federal notice requirement

CMS NPPES · organization NPI 1558097824 · enumerated Jul 28, 2022

Legal name
NOURISH, INC.
Taxonomy
Dietitian, Registered (133V00000X) · group type Multi-Specialty Group
Authorized official
David Samuel Perkins, Chief Operations Officer
Addresses
Practice location Austin, TX · mailing address New York, NY
Listed endpoint
SimplePractice EHR

Reading the filings

  1. The absence of a Form D is the finding.A Regulation D offering requires a Form D within 15 days of the first sale. Four rounds totaling $215 million produced none, and EDGAR full text search returns no document naming Nourish, Inc. at all. The likely reading is that every round was placed under Section 4(a)(2), the exemption that carries no federal notice. Nothing about the capital is attested to a regulator.
  2. The announced totals reconcile, with one $1 million seam.$9.3M after the $8M seed implies about $1.3M before it. $44M after the $35M Series A implies $9M prior, against $9.3M reported 14 months earlier. $115M after the $70M Series B implies $45M prior, about $1M above the March 2024 figure. $215M after the $100M Series C implies exactly $115M prior.
  3. The markup came fast.Series B was reported above $1 billion in April 2025 by four people with knowledge of the round; the company declined to comment. Thirteen months later Axios reported $1.75 billion. That is roughly a 75 percent markup for $100 million of new money, about 5.7 percent dilution if the Axios figure is post-money.
  4. One investor carried the company between firms.Paris Heymann was an Index Ventures partner on the Series A, left Index in October, and led the Series B at J.P. Morgan Growth Equity Partners. Thrive, Index, Y Combinator, Maverick and BoxGroup appear in every round since. The lead changed each time; the syndicate did not.
  5. Only one board seat is on the record.The Series C release says Menlo partner J.P. Sanday joins the board. No other director is named anywhere, and with no Form D there is no filed list of related persons.
  6. Profitability rests on one unnamed source.Business Insider reported in April 2025, citing a source familiar with the company, that Nourish did not need the Series B and was profitable. No financial statement is public and no later report repeats it.

Commercial signals

Signal Detail Source type
Licensure Organization NPI 1558097824, taxonomy Dietitian, Registered, active since Jul 2022. Clinicians are individually state licensed and payer credentialed. Public record
Payers The company FAQ lists Blue Cross Blue Shield and affiliates, UnitedHealthcare, Aetna, Cigna, Devoted Health and Medicare, and says Medicaid is not accepted. Releases say Medicaid plans are partners. Claims disagree
Covered lives 150 million (Apr 2025, to Fierce Healthcare), hundreds of millions (Apr 2025 release), more than 200 million (May 2026 release). Company-stated
Named customers Community Health Network, Indiana (Feb 2026). Tia (Feb 2025). Wisp (2024). One Medical, Texas Oncology and Dell Medical Center named as referral partners in 2024. Partner-stated
Unit pricing Self pay is $145 per appointment with a $75 fee for a missed appointment. Dietitians report a flat rate of roughly $50 to $78 per 55 minute session. Independent
Litigation Podraza et al v. Nourish, Inc., 3:25-cv-50356, N.D. Illinois. Federal wiretap and California privacy claims survived dismissal on Apr 20, 2026. Public record
Employer ROI The employers page advertises a 3.1x return and more than $2,000 per member per year. Its own footnote says the figure is modeled from Accorded claims data, company outcomes and published research. Company-modeled
Growth The Series C release says the company more than tripled year over year. No base figure, revenue or patient count is given. Company-stated
Competition Fay raised $50M at a reported $500M valuation; Berry Street raised $50M and lists about 1,500 dietitians. Foodsmart, Season Health, Virta and Omada also compete. Independent

What to watch

  • A first Form D, the first capital figure attested to a regulator rather than a reporter.
  • Whether the network count settles: over 6,000 in February 2026, 9,000 on the home page, 10,000 in May.
  • The Podraza docket, now past the pleading stage on two claims.
  • Whether any payer or employer publishes measured savings rather than the company’s modeled figure.
  • A peer reviewed publication, which would move the outcomes claims off company white papers.

The Nourish story on Healthcare DiscoveryHealthcare Discovery

Related companies

  • Pine Park Health: Shared investor: Boxgroup. A primary care practice that puts clinicians inside senior living communities instead of asking residents to travel out
  • Arctic Health: Shared investor: Menlo Ventures. A New York startup pairing credentialing specialists with AI browser agents to get clinicians in-network faster
  • Candid Health: Shared investor: Boxgroup. Billing software built to get a medical claim right before it ever leaves the clinic, now sold to more than 200 provider organizations
  • Ribbon Health: Shared investor: Boxgroup. An API built to answer a question the American health system keeps getting wrong: is this doctor real, in network, and reachable at the number listed

Sources

  1. Public recordEDGAR full text search and company search, no filings naming Nourish, Inc.SEC · Sep 23, 2026
  2. Public recordNPPES entry, NPI 1558097824CMS · enumerated Jul 28, 2022
  3. Public recordPodraza et al v. Nourish, Inc., No. 3:25-cv-50356US District Court, N.D. Illinois · Apr 20, 2026
  4. IndependentNourish lands over $1 billion valuation after Series B fundingBusiness Insider · Apr 23, 2025
  5. IndependentNourish valued at $1.75B after $100M Series C raiseAxios · May 19, 2026
  6. IndependentNourish clinches $70M to expand servicesFierce Healthcare · Apr 23, 2025
  7. IndependentNourish hopes to help Americans eat betterTechCrunch · Jan 20, 2023
  8. IndependentNourish Stuck With Wiretap Claim Over Use of Google Web TrackerBloomberg Law · Apr 21, 2026
  9. IndependentDietitian perspectives on working for telehealth startupsDietitian Success Center · Sep 11, 2025
  10. InvestorNourish Raises $70M Series B to Scale Access to Nutrition CareIndex Ventures · Apr 23, 2025
  11. CompanySeries A, Series B and Series C funding releasesBusiness Wire · Mar 27, 2024, Apr 23, 2025, May 19, 2026
  12. CompanyInsurance FAQ, about page and employers pageNourish · accessed Sep 2026
  13. PartnerCommunity Health Network Partners with NourishCommunity Health Network · Feb 20, 2026

Compiled from SEC, CMS and federal court records and published reports as of September 23, 2026. No Form D notice has been filed for any Nourish round; all capital figures on this page are company-reported or reported by named outlets. Healthcare Venture Capital Fund holds no position in Nourish. This page is not an offer to sell or a recommendation to buy any security.