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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. ....
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. ....