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Culina Health Raises $7.9M Series A to Fill the Gap in Payer-Sponsored Nutrition Services

Culina Health Raises $7.9M Series A to Fill the Gap in Payer-Sponsored Nutrition Services

January 7, 2025 Craig Etkin

The Funding Follows Culina Health’s Rapid Growth and Exemplary Outcomes in Patient Engagement, Disease Prevention, and Cost Savings

December 19, 2024 09:00 AM Eastern Standard Time

HOBOKEN, N.J.–(BUSINESS WIRE)–Culina Health, the digital platform that makes clinical nutrition care inclusive and accessible for everyone, announced today that it has raised a $7.9 million Series A funding round on the strength of 117 percent year-over-year growth and exceptional patient engagement and clinical outcomes.

“Research shows 90 percent of Americans would benefit from seeing a dietitian, yet only .02 percent of the population has done so”Post this

The round, which brought Culina Health’s total capital raised to $20 million, was led by Healthworx, the innovation and investment arm of CareFirst. The investment underscores Healthworx’s commitment to the company, following a 2022 investment that made Culina Health the first and only digital nutrition company to be backed by a strategic payer. Additional participation in the round includes Rethink Impact, Collab Capital, Collide Capital, Vamos Ventures, Tensility Venture Partners, Cake Ventures, and GW Ventures. With this new capital, Culina Health will expand its offerings to support dietitians and patients, implement new AI platforms to improve care efficiency, and enhance its leadership with key hires.

Co-founded by registered dietitians Vanessa Rissetto and Tamar Samuels in 2020, Culina Health takes a clinically rigorous approach to nutrition. It connects patients and healthcare providers to a nationwide network of trusted registered dietitians who provide high-quality, personalized virtual nutrition care across specialty areas of weight loss, chronic disease prevention and management, and healthy eating and wellness. The company partners with major insurers and Medicare, making its digital platform available to 70 percent of the U.S. population.

“Research shows 90 percent of Americans would benefit from seeing a dietitian, yet only .02 percent of the population has done so,” said Rissetto. “It’s clear that nutrition is a vital function of long-term health, and registered dietitians should be empowered to be at the forefront of providing this care. With a clinical-first, evidence-based approach, Culina Health is uniquely positioned to support patients and providers with the most effective and connected nutrition journey. With the help of our investors and health plan partners, we are one step closer to our shared mission of making world-class nutrition care available to everyone and putting registered dietitians back in the driver’s seat of Food as Medicine interventions.”

To date, Culina Health maintains more than 1,000 referring providers and has served more than 10,000 patients through the Culina Health Method™. This proprietary methodology integrates evidence-based clinical nutrition protocols and non-judgmental, culturally-affirming care to help patients achieve health outcomes. Culina Health Method™ has set new standards for nutrition care with above-industry outcomes including 100 percent prevention of prediabetes disease progression for patients, significant A1c, cholesterol, and systolic blood pressure reduction, as well as $7,000 cost savings per patient per year, amounting to $10.3 billion annual cost savings at scale.

“New interventions that engage members, improve health outcomes, and ultimately reduce long-term costs associated with managing chronic conditions are core to the potential of whole-person health,” said Doba Parushev, Managing Partner at Healthworx. “Through its clinically driven approach to nutrition and unparalleled level of support, compassion, and attention from its care team, Culina Health has created a viable solution that can be deployed at scale, and has the potential to improve the health of millions of people.”

About Culina Health:

Culina Health believes everyone deserves quality nutrition advice from a credentialed expert. We’re on a mission to make clinical nutrition accessible and sustainable for all so that nobody has to turn to chatGPT, search engines, and social media influencers for important information about their health. We pair patients with registered dietitians for personalized, one-on-one virtual nutrition care that is science-based, inclusive, and culturally competent while coordinating care with referring providers to benefit patients. We offer non-judgmental, sustainable, and multilingual support that honors all patient body sizes and backgrounds.

The Culina Health Method™ has demonstrated improved health outcomes for patients with chronic conditions, enhancing quality of life and decreasing overall healthcare costs in the long term, proving that dietitian-led Food as Medicine interventions save lives and reduce the total cost of care. To date, our team of 90+ registered dietitians has delivered over 80,000 telehealth clinical nutrition sessions. We accept all major insurance plans and see patients in all 50 states.

For more, visit https://culinahealth.com/.

About Healthworx:

Healthworx operates at the intersection of healthcare and innovation by creating, co-creating, and investing in companies that are improving healthcare quality, accessibility, and affordability. As the innovation and investment arm of CareFirst, Healthworx envisions a healthier future for all people by changing the way health works. Learn more at www.healthworx.com.

Contacts

SolComms
culinahealth@solcomms.co

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, Culina Health, Hoboken, New Jersey, Venture Capital

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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