Rachel Munsie - CEO & Co-Founder, Ounce of Care $5.2M Seed Round, October 2023 Goldman Sachs to the front lines 20,000+ residents served Housing meets healthcare Backed by Flare Capital & Metrodora Ventures Rachel Munsie - CEO & Co-Founder, Ounce of Care $5.2M Seed Round, October 2023 Goldman Sachs to the front lines 20,000+ residents served Housing meets healthcare Backed by Flare Capital & Metrodora Ventures
Founder Profile / Health x Housing

Rachel Munsie

She left a Goldman Sachs paycheck and an MIT degree to ask one stubborn question: why is the hardest place to find care the place you already live?

CEO & Co-Founder Ounce of Care New York, USA
Rachel Munsie, CEO and co-founder of Ounce of Care

Rachel Munsie. The smile of someone who reads the fine print so you don't have to.

The Pitch

Rachel Munsie runs Ounce of Care, a company built on a contrarian hunch: the apartment building is the most under-used clinic in America. Not a hospital. Not a pharmacy. The hallway where someone already lives. Ounce puts care coordination, public-benefit enrollment, and community programming inside affordable housing, so help arrives at the door instead of waiting behind a phone tree three transfers deep.

resident servicescare coordinationsocial determinants of healthproptechhealthtechpublic benefits
$5.2M
Seed Raised, 2023
20k+
Residents Served
4.7/5
Resident Rating
2019
Left MIT to Build
The Story

Finance taught her the spreadsheet. Housing taught her the stakes.

Start with the strange detail: her Medium bio is four words long. "Trying to unpack U.S. healthcare." No title, no hashtags, no humble-brag. It reads like a sticky note left on a monitor at 1 a.m. - and that, more than any pitch deck, is the shortest honest summary of what Rachel Munsie does for a living.

She did not arrive in healthcare by the front door. Munsie began on Wall Street, an investment banker at Goldman Sachs, then crossed over to the buy side as an investor at a private equity firm. It was the kind of resume people frame. She enrolled at MIT's Sloan School of Management to add an MBA to it. Then, partway through, she did the thing the resume-framers never do - she walked away from year two to join a startup.

The startup was Tomorrow Health, a company trying to rebuild home-based care from the ground up. As Head of Business Development on the founding team, Munsie owned go-to-market strategy, built partnerships with insurers, and learned the unglamorous machinery of how American healthcare actually pays for itself. She wrote about the decision to defer in an essay titled "What I'll Miss - the MIT Ethos." Most people quietly drop out. She published a reflection on it.

The idea that wouldn't leave

At Tomorrow Health, Munsie kept bumping into the same wall. You can design the most elegant care plan in the world, but if the patient can't get to the appointment, can't afford the prescription, or never got enrolled in the benefits they qualify for, the plan is a fiction. The problem wasn't medicine. The problem was everything around the medicine - the food, the rent, the paperwork, the ride.

So she co-founded Ounce of Care. The name is a wink at the old proverb: an ounce of prevention is worth a pound of cure. The thesis is blunt. If health is mostly decided by where and how people live, then meet people where they live. Ounce embeds tech-enabled resident services directly into affordable housing: help enrolling in SNAP, Medicaid, utility assistance, and SSI; coordination for appointments and referrals; and live virtual learning sessions on health and wellness. Phone support, text support, on-site programming, and reporting that lets property owners and payers see what's actually working.

It is, in other words, the missing connective tissue between three groups who rarely speak the same language - residents, property managers, and insurers. Munsie spent a career as a translator between capital and operations. Now she translates between a tenant who needs a ride to dialysis and a payer who needs to lower its cost of care.

"Restore the home as the focal point for health care delivery."

- Rachel Munsie, on the vision behind home-based care

What Ounce Actually Does

Three jobs, one front door.

01

Benefits Support

Hands-on enrollment for SNAP, Medicaid, utility assistance, and SSI - the programs people qualify for but rarely reach through the bureaucracy alone.

02

Service Coordination

Personalized help with appointment scheduling, referrals, and the dozen small logistics that decide whether care actually happens.

03

Live Learning Series

Virtual webinars on health, wellness, and community life - knowledge delivered to the building, not buried in a portal.

The Arc

From the trading floor to the front lines.

Pre-2018
Goldman Sachs & private equity. Investment banker, then investor. The numbers years.
2018
MIT Sloan. Starts an MBA at one of the world's most competitive business schools.
2019
The pivot. Defers year two to join the founding team of Tomorrow Health as Head of Business Development.
2019-22
Home-health, scaled. Builds go-to-market and insurer partnerships at Tomorrow Health.
2022
Ounce of Care is born. Co-founds the resident services platform bridging housing and care.
Oct 2023
$5.2M seed. Launches with AmeriHealth Caritas D.C. and National Housing Trust.
The Money

A $5.2M bet that zip code is a vital sign.

In October 2023, Ounce closed a $5.2M seed round co-led by Meridian Street Capital and Flare Capital. The cap table reads like a who's-who of people who know housing and health are the same conversation.

Seed (2023)
$5.2M
Annual Revenue*
~$0.7M
Team Size
~27

*Figures per public data aggregators; directional, not audited.

Meridian Street Capital Flare Capital Metrodora Ventures (Chelsea Clinton) Wilshire Lane Capital Chris Nassetta (Hilton CEO) Taylor Justice (Unite Us co-founder)
Beyond The Cap Table

She writes the memo nobody else will read.

Munsie does the work most founders outsource. When new housing legislation lands, she reads it line by line and writes plain-language breakdowns - including a piece on what she called "The Big Beautiful Bill: A Paradox for Affordable Housing," tracing how policy ripples down to a resident's financial stability and a property owner's returns. It is not content marketing. It is a founder thinking out loud about the system she is trying to fix.

She also gives time to the next generation of leaders - a member of the Leadership Now Project and a mentor in CSweetener, a program focused on advancing women into healthcare leadership. The throughline from finance to founding to mentorship is consistent: find the gap, then build the bridge across it.

"Trying to unpack U.S. healthcare."

- Rachel Munsie's entire Medium bio. Four words. No notes.

The Margins

Three things the resume leaves out.

No. 01

The company name is a quiet pun. "An ounce of prevention is worth a pound of cure" - and the whole model is built on the ounce.

No. 02

She didn't just drop out of MIT's second year. She published an essay about it - "What I'll Miss - the MIT Ethos" - while everyone else stayed quiet.

No. 03

Goldman Sachs to apartment hallways. Few people travel that far in one career, and fewer make it look like the obvious move.