Funding round
Noom Series A
Noom, which works in digital health platform development in Princeton, raised $7.0M in a Series A round announced on 4 Feb 2014, led by RRE. 6 firms took part. It is Noom's second venture round on record; the one before was a Pre-seed in Aug 2012.
$7.0M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Noom did not disclose a valuation in this round. It came 18 months after Noom's Pre-seed. It is 1.1% of the $624M Noom has raised in the venture rounds on record. Noom raised again 14 months later: a Series B round of $16M in Apr 2015.
Noom's funding rounds
Noom has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
RRE led the round with 5 other firms.
Lead investor
- backs 68 venture-backed companies new investor
Also in the round
- backs 47 venture-backed companies new investor
- Recruit Strategic Partners Inc. new investor
- backs 35 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
- Harbor Pacific Capital new investor
Joined the board: Jim Robinson IV (RRE Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time: 2 in Nutritionists & Weight Loss Specialists, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Nutritionists & Weight Loss Specialists | 14 Apr 2014 | $6.7M | not disclosed | Bauer Media Group and SparkLabs Global Ventures |
| Nutritionists & Weight Loss Specialists | 1 Oct 2014 | $5.0M | not disclosed | not named |
| Gusto Tech Companies | 19 Feb 2014 | $20M | not disclosed | General Catalyst and Kleiner Perkins |
| Investment Consultants & Financial Advisors | 28 Feb 2014 | $15M | not disclosed | Qiming Venture Partners |
| Tech Companies | 7 Feb 2014 | $6.0M | not disclosed | dfj |
| Tech Companies | 13 Feb 2014 | $3.4M | not disclosed | The Westly Group |
| Insurance - Agents, Carriers & Brokers | 1 Feb 2014 | $3.1M | not disclosed | not named |
| Tech Companies | 25 Feb 2014 | $2.8M | not disclosed | Granite Ventures and Opus Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Noom raise in its Series A round?
Noom raised $7.0M in its Series A round, announced in Feb 2014.
Who led Noom's Series A round?
RRE led it, with Translink Capital, Recruit Strategic Partners Inc., Scrum Ventures, Qualcomm Ventures and Harbor Pacific Capital.
What was Noom's valuation at the Series A round?
It was not disclosed.
Did Noom raise again after this round?
Yes: a Series B round in Apr 2015 of $16M.