What is Noom?
Noom operates a sophisticated digital health platform engineered to foster meaningful behavioral change through structured wellness courses. The company specializes in developing evidence-based programs that target chronic health conditions and lifestyle management, effectively merging behavioral psychology with accessible digital delivery. Noom's platform provides comprehensive courses designed to guide users through personalized health journeys, incorporating coaching, tracking tools, and community support. By focusing on the psychological underpinnings of health behaviors, Noom translates clinical research into practical, actionable guidance for sustainable health improvements. The company serves a broad user base seeking preventive care and chronic disease management solutions, making professional-grade behavioral support widely accessible.
How much funding has Noom raised?
Noom has raised a total of $656.4M across 8 funding rounds:
Private Equity
$2.6M
Private Equity
$4.1M
Series A
$7M
Series B
$16.1M
Series C
$14.5M
Series D
$14M
Series E
$58M
Series F
$540M
Private Equity (2012): $2.6M with participation from Harbor Pacific Capital, Qualcomm Ventures, and m8 Capital
Private Equity (2013): $4.1M, investors not publicly disclosed
Series A (2014): $7M supported by Scrum Ventures, Harbor Pacific Capital, Qualcomm Ventures, TransLink Capital, Recruit Strategic Partners Inc., and RRE Ventures
Series B (2014): $16.1M featuring TransLink Capital, Harbor Pacific Capital, Recruit Strategic Partners, RRE Ventures, and Scrum Ventures
Series C (2016): $14.5M backed by RRE Ventures, KB Investment, Samsung Ventures, and Translink Capital
Series D (2018): $14M with participation from TQ Ventures and Sompo Holdings
Series E (2019): $58M led by Steamboat Ventures
Series F (2021): $540M supported by Samsung Ventures, Temasek, Sequoia Capital, RRE Ventures, Oak HC/FT, Silver Lake, and Novo Holdings
Key Investors in Noom
Samsung Ventures
Samsung Ventures is a venture capital arm that invests in innovative companies, likely focusing on technology and digital health sectors, aligning with Noom's platform.
Temasek
Temasek is a global investment company based in Singapore, known for its long-term investment horizon and focus on impactful businesses across various sectors, including technology and healthcare.
Sequoia Capital
Sequoia Capital is a renowned venture capital firm with a history of backing market-leading technology companies, likely providing strategic guidance and capital for Noom's growth and expansion.
What's next for Noom?
With the recent infusion of $540M in a major strategic investment, Noom is poised for accelerated expansion and further innovation within the digital health landscape. This significant capital injection, contributing to its overall $656.4M in financing, suggests a strategic focus on scaling its platform, enhancing its technological capabilities, and potentially broadening its course offerings to address a wider spectrum of health and wellness needs. The company's trajectory indicates a strong emphasis on leveraging data-driven insights and behavioral science to solidify its market leadership and impact global health outcomes.
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