Digital Ignition Member ModifyHealth Secures $10 Million in Series B Funding
Updated: Jan 24
Led by RC Capital to Expand and Improve Patient Outcomes
ModifyHealth, a nationwide food as medicine platform and provider of medically tailored meals announced the closing of a $10 million Series B funding round led by RC Capital. The funding will support ModifyHealth’s category-leading food as medicine solutions and further expansion of its nationwide operations to deliver meaningful patient outcomes.
GB Pratt, Founder & CEO of ModifyHealth, praised Digital Ignition, stating, "Digital Ignition’s community has been helpful as we continue to grow and innovate. To be located with other early-stage companies in such an innovative and idea-rich environment has been great for the entire team."
Derek Distenfield, president of Digital Ignition, also commented on the announcement, saying, "We are excited to be a small part of Modify Health's mission to improve patient outcomes through their platform. The company's dedication to improving patient care makes them a leader in the industry."
ModifyHealth's turnkey FIT™ program includes medically tailored meals, dietitian coaching, and ongoing support to make adopting a healthier diet simple, achievable, and sustainable. The program decreases cost and improves outcomes for chronic conditions like type 2 diabetes, hypertension, kidney disease, obesity, and irritable bowel syndrome, where dietary management is a recommended treatment.
"RC Capital invested in our last company EndoChoice, which built a leading platform within the GI space. We're excited to partner with them again and look forward to putting this new capital to work to support more patients, "says Pratt. "Diet and lifestyle play a vital role in the management of chronic health conditions and we're just scratching the surface on the impact we can make. RCC is a great fit for ModifyHealth and their strategic support, healthcare expertise, and shared vision will help us deliver outcomes more rapidly and broadly."
Overall, the new funding round is a huge boost for ModifyHealth, as it will allow the company to continue to innovate and improve patient outcomes through digital health solutions.
To celebrate ModifyHealth’s achievement, we will be holding a Sip & Succeed event at Digital Ignition. This will be a wonderful opportunity for networking, celebrating successes among our members, and learning from innovators and entrepreneurs within our coworking space. Click here for more information about the Sip & Succeed.
To learn more about ModifyHealth, please visit their website: https://modifyhealth.com/