HEALTH COACHING APP NOOM RAISES $58 MILLION USD

Sliced fruit and vegetables on cutting board

Health coaching app developer Noom announced today that they have raised funding rounding of $58 million USD. The funding round was led by Sequoia Capital. Others contributing to the raise included
Aglaé Ventures, the tech investment arm of French holding company Groupe Arnault, WhatsApp co-founder and former CEO Jan Koum, DoorDash co-founder and CEO Tony Xu, Oscar Health co-founder Josh Kushner, SB Project co-founder Scooter Braun and returning investor Samsung Ventures.

Noom is known for its direct-to-consumer weight loss app, however they are also involved in the development of enterprise products including an app that is focused on diabetes and hypertension.

Noom hopes to set itself apart from similar services by focusing on long-term lifestyle and behavior changes in addition to calorie, nutrition and exercise tracking.