Bridgeford client ModifyHealth announced the closing of a $2 million Series A funding by Nashville Capital Network.
A nation-wide provider of gut-friendly Low-FODMAP and gluten-free meals, ModifyHealth’s vision is to change lives for the better by making “food as medicine” simple, effective and enjoyable.
“We’re excited to partner with Nashville Capital Network and look forward to putting this new capital to work to support more customers,” ModifyHealth Founder & CEO GB Pratt said. “There’s a growing recognition of the vital role ‘food as medicine’ will play in the management of chronic health conditions, and we’re just scratching the surface on the impact we can make. NCN is a great cultural fit, and their strategic support and healthcare expertise will help us execute our vision even more rapidly and broadly.”
“ModifyHealth is a perfect fit for NCN and our investor partnership,” added Chase Perry, Managing Partner with Nashville Capital Network who will also join the company’s Board of Directors. “The ModifyHealth team has delivered rapid growth on a national scale, and we look forward to supporting the company’s market leadership and next chapter of growth.”
Nashville Capital Network manages over $75M in capital and is comprised of more than 100 professional investors and four captive funds. ModifyHealth represents NCN’s 50th investment in the US.
Partnership with Bridgeford for Business Investment Transactions
Modify Health began working with Bridgeford in 2018, starting with the formation of their company. Since then, the team at Bridgeford has taken the company through its initial startup, expansion and recent venture capital funding.
“Our founding philosophy at Bridgeford is that ‘entrepreneurship is a powerful force for good.’” says Brit Young, Principal at Bridgeford. “ModifyHealth is a prime example of how a business built to address the health issues of millions can ‘do well by doing good.’ Bridgeford is proud to represent ModifyHealth and to support their continued success.”
According to Pratt, working with Bridgeford, and specifically Brit Young, has been essential to their success.
“The Bridgeford team has been an indispensable partner for ModifyHealth,” Pratt said. “Brit’s experience ranging from startup, angel and VC funding, public offering, and the ultimate sale of companies gives us confidence. More than that, it gives us access to “big firm” knowledge and a level of responsiveness we could never expect at our stage. Put simply, we’re thrilled with our decision to go with Bridgeford and look forward their continued help.”