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Noom Raises $540M in Series F Funding

Noom Raises $540M in Series F Funding
Noom, a NYC-based digital health platform focused on behavior change, raised approximately $540m Series F funding.
The round was led by Silver Lake, with participation from Oak HC/FT, Temasek, and Novo Holdings and existing investors Sequoia Capital, RRE, and Samsung Ventures.
The company intends to use the funds to expand its business reach and for share repurchases.
Led by Saeju Jeong, Co-founder and CEO, Noom is a psychology-based digital health platform powered by data, technology, and human coaches. The company will use the capital to expand its behavior change platform to address a broad range of conditions with meaningful opportunity to further generate positive change across health, including stress and anxiety, diabetes, hypertension, and sleep. ....

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Noom Secures $540M to Expand Behavioral Change Platform for Healthier Habits

Noom Secures $540M to Expand Behavioral Change Platform for Healthier Habits
What You Should Know:
– Noom, a New York City-based digital health platform focused on behavior change, today announced its $540 million Series F funding led by Silver Lake. The round also included participation from new investors Oak HC/FT, Temasek, and Novo Holdings and existing investors Sequoia Capital, RRE, and Samsung Ventures also participated.
– The company sits at an interesting intersection of several trends in healthcare: digitally-empowered health consumers; the rise of chronic conditions (and associated healthcare costs); the shift in preventive care toward digital/virtual options (accelerated by COVID); and the move towards outcomes based care vs. procedures and treatments. ....

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Temasek backs digital health startup Noom's $540m funding round

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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We ....

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Weight-Loss App Noom Raises Whopping $540 Million In Latest Funding Round

Weight-Loss App Noom Raises Whopping $540 Million In Latest Funding Round
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Weight-loss platform Noom bulks up on $540 million in new funding – TechCrunch

Weight-loss platform Noom bulks up on $540 million in new funding
Since the pandemic began last year, nearly 61% of adults in the United States gained weight, with the average adult surveyed gaining 15 pounds, according to a report from the American Psychological Association. Likely as a result of that rise in girths, Noom witnessed a surge of demand for its weight-loss app, generating $400 million in revenues in 2020 almost twice the $237 million it made the year before.
Following on the heels of a banner year, and to fuel expansion into new categories and new countries around the globe, Noom announced this morning it had raised a $540 million Series F round led by Silver Lake. Other investors who participated in the round included Oak HC/FT, Temasek, Novo Holdings, Sequoia Capital, RRE and Samsung Ventures. ....

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