Foodsmart
Foodsmart Raises $200M in Series D
Quick Facts
Foodsmart Raises $200M in Series D
Foodsmart has successfully raised $200M in a Series D at a $1.2B valuation led by Deerfield Management, CVS Health Ventures.
Company Overview
Foodsmart is a HealthTech company headquartered in San Francisco, CA, founded in 2014 with 400+ employees.
Digital nutrition platform with personalized dietary recommendations
Fundraising Details
- Amount Raised: $200M
- Round Type: Series D
- Valuation: $1.2B
- Date: 2024-11-25
- Investors: Deerfield Management, CVS Health Ventures
About Foodsmart
Digital nutrition platform with personalized dietary recommendations The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2014
- Team Size: 400+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Foodsmart's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Foodsmart's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.2B valuation marks an important milestone for Foodsmart, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Foodsmart is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-11-25. For more information about Foodsmart, visit their headquarters at San Francisco, CA.
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