About Food as Medicine
There are 2.32K companies in the Food as Medicine sector across the world, with 577 funded companies having collectively raised $6.08B in venture capital money and private equity. Overall 271 of these are Series A+ funded and the sector has seen the creation of 2 Unicorns.
Food as Medicine sector has seen 125 acquisitions and 50 IPOs. This represents almost 7.5% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes food as a medicine includes companies providing therapeutic nutritional foods and nutrition guidance programs to improve health.
Food as Medicine sector is also known as Food as Medicine Solutions, Advanced Food as Medicine or Digital Food as Medicine.
Companies included in Food as Medicine sector
Therapeutic Meals, Functional foods and ingredients, Nutritional Programs, etcCompanies excluded in Food as Medicine sector
Generic Supplements, Vitamins, Dietary supplements, Minerals, Speciality or Generic Drugs, etcMarket Map of Food as Medicine
The market map of Food as Medicine gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Reports related to Food as Medicine
Here are some reports related to Food as Medicine sector:
Free
Food as Medicine - Sector Report
Edition: July, 2026 (71 Pages)
Premium
Food as Medicine Investor Landscape
Edition: May, 2025 (12 Pages)
View all reports related to Food as Medicine. Sign up today!Top Companies in Food as Medicine
There are more than 2.32K companies in Food as Medicine. Virta is the top Food as Medicine company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Food as Medicine companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of therapies for metabolic health in chronic disease patients | San Francisco (United States) | 2014 | Series E | $402M | |
Provider of a digital platform for weight loss management and behavior change | New York City (United States) | 2008 | Series F | $624M | |
Manufacturer of natural health supplement ingredients for various health categories | Bridgewater (United States) | 2005 | Acquired | $36.6M | |
Provider of telenutrition and food care network platform | San Francisco (United States) | 2010 | Series D | $263M | |
App offering personalized nutrition plans and advice | 2017 | Series A | $6.78M |
Companies founded year-on-year in the Food as Medicine sector
11 new startups have been founded so far in 2026 in the Food as Medicine sector. 219 Food as Medicine startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 11 |
2025 | 19 |
2024 | 43 |
2023 | 78 |
2022 | 107 |
2021 | 164 |
2020 | 219 |
2019 | 173 |
2018 | 150 |
2017 | 126 |
Companies founded across countries in the Food as Medicine sector
United States has 796 Food as Medicine startups, the most by any country, followed by India which has 267 startups and United Kingdom which has 157.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 796 |
India | 267 |
United Kingdom | 157 |
Canada | 99 |
Germany | 88 |
Australia | 72 |
China | 55 |
Spain | 45 |
France | 43 |
South Korea | 41 |
Stage-wise distribution of the Food as Medicine sector
Out of the total 2,321 Food as Medicine companies, 577 have secured funding. Among them, 271 have reached Series A or higher, and 218 to Series B or beyond.
Founded - 2,321
Funded - 577
Series A+ - 271
Series B+ - 218
Series C+ - 198
Company Stage | No. of companies |
|---|---|
Founded | 2,321 |
Funded | 577 |
Series A+ | 271 |
Series B+ | 218 |
Series C+ | 198 |
Want to know more about Food as Medicine ? Signup and explore Tracxn for free
- 2.3K+ Total Companies
- $6.08B+ Total Funding
- 575+ Funded Companies
- 45+ IPOs
- 120+ Acquisitions
Funding Trends in the Food as Medicine sector
Total funding year-on-year in the Food as Medicine sector
The Food as Medicine sector saw a total funding of more than $4.6B in the last 10 years. The most amount of funding was in 2021 at more than $1.41B. There has been a total funding of $78.5M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $78.5M |
2025 | $117M |
2024 | $507M |
2023 | $207M |
2022 | $862M |
2021 | $1.41B |
2020 | $457M |
2019 | $296M |
2018 | $403M |
2017 | $266M |
Total funding across countries in the Food as Medicine sector
In the last 10 years, Food as Medicine startups in United States have recieved the highest funding among all countries - $3.53B. United Kingdom follows with $186M and Canada with $127M.
- Total Funding
Country | Total Funding |
|---|---|
United States | $3.53B |
United Kingdom | $186M |
Canada | $127M |
India | $82.8M |
China | $42.3M |
Israel | $34.8M |
France | $29.8M |
Australia | $25.6M |
South Korea | $18M |
Spain | $9.42M |
Total funding amount raised by stage in the Food as Medicine sector
Over the last 10 years, the Food as Medicine sector have seen $201M into Seed Stage funding rounds, $1.44B into Early Stage funding rounds and $1.76B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $1.76B |
Early Stage | $1.44B |
Post IPO | $712M |
Debt | $264M |
Seed Stage | $201M |
Grant | $46.5M |
PE | $30M |
Recent Funding Rounds in Food as Medicine
In the year 2026, till July 2026, Food as Medicine companies have raised $78.5M in equity funding across 11 rounds.
In the same period last year (i.e. till July 2025), Food as Medicine companies had raised $70.9M across 15 rounds.
So, 2026 has seen a 10.66% rise in funding in Food as Medicine companies as compared to 2025.
Here are some recent, important funding rounds in Food as Medicine:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 9631 | Jul 13, 2026 | ||
Series D | 8705 | Jul 08, 2026 | ||
Seed | 9739 | Jun 22, 2026 | and 2 more | |
Seed | 5303 | Jun 19, 2026 | - | |
Seed | 9466 | May 02, 2026 | - |
Top Investors in Food as Medicine
Europa is the top investor in Food as Medicine companies based on number of companies invested.
Here are some top investors in Food as Medicine:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Brussels (Belgium) | ||
Washington, DC (United States) | ||
Delhi (India) |
M&A activity in Food as Medicine
In the year 2026, till May 2026, 2 acquisitions happened in Food as Medicine sector. Last year, in 2025, a total of 9 acquisitions happened in Food as Medicine sector.
Here are some recent, important acquisitions in Food as Medicine:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 02, 2026 | ||
Business Acquisition | Mar 12, 2026 | ||
Business Acquisition | Dec 22, 2025 | ||
Business Acquisition | Dec 09, 2025 | ||
Business Acquisition | Nov 19, 2025 |
Acquisition trends in Food as Medicine
Here are the acquisition trends in Food as Medicine:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 9 |
2024 | 6 |
2023 | 11 |
2022 | 13 |
2021 | 14 |
2020 | 12 |
2019 | 9 |
2018 | 13 |
2017 | 10 |
IPOs in Food as Medicine
In the year 2024, till March 2024, 1 IPO happened in Food as Medicine sector.
Here are some recent, important IPOs in Food as Medicine:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 02, 2024 | Frankfurt Stock Exchange (FRA) | |
Dec 08, 2021 | Euronext Exchange (Euronext) | |
Nov 30, 2021 | Australian Securities Exchange (ASX) | |
Oct 25, 2021 | OTC Markets (OTCMKTS) | |
May 26, 2021 | Canadian Securities Exchange (CSE) |
Colleges which produce the most Food as Medicine companies
Companies founded by alumni from top colleges in the Food as Medicine sector
Most number of Food as Medicine startups have been founded by alumni from Stanford University, Harvard University and University of Pennsylvania.
College | No. of companies |
|---|---|
Stanford University | 9 |
Harvard University | 7 |
University of Pennsylvania | 7 |
University of California (Berkeley) | 6 |
Harvard Business School | 5 |
Massachusetts Institute of Technology | 5 |
Columbia University | 4 |
INSEAD | 4 |
University of Toronto | 4 |
Wharton School | 4 |
Total funding in companies founded by alumni from top colleges in the the Food as Medicine sector
In the last 10 years, Harvard University graduates' Food as Medicine companies have raised the most funding among top colleges. Stanford University alumni are second, and Massachusetts Institute of Technology alumni are third.
College | Total Funding |
|---|---|
Harvard University | $1.06B |
Stanford University | $600M |
Massachusetts Institute of Technology | $523M |
University of California (Berkeley) | $289M |
Duke University | $268M |
University of Pennsylvania | $158M |
Stanford Business School | $148M |
University of California (Los Angeles) | $139M |
Columbia University | $117M |
Harvard Business School | $115M |
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Celsius Holdings (CELH) posts 138% Q1 2026 revenue growth and higher EBITDAStocktitan•Jun 01, 2026•Celsius
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[solidcore] Unveils 2026 Core Collective, Expanding Member Experience Through Leading Wellness PartnershipsBusiness Wire•Apr 13, 2026•Salt & Stone, Thorne, Tower 28 Beauty, solidcore and 2 others
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