Funding round
Noom Series B
Noom, which works in digital health platform development in Princeton, raised $16M in a Series B round announced on 1 Apr 2015, led by InterVest. 6 firms took part. It is Noom's third venture round on record; the one before was a Series A in Feb 2014.
$16M
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 14 months after Noom's Series A. It is 2.6% of the $624M Noom has raised in the venture rounds on record. Noom raised again 49 months later: a Series E round of $58M in May 2019.
Noom's funding rounds
Noom has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
InterVest led the round with 5 other firms.
Lead investor
- backs 33 venture-backed companies
Also in the round
- backs 38 venture-backed companies
- Hanmi IT
- RRE Ventures
- backs 47 venture-backed companies
- Qualcomm Ventures backs 140 venture-backed companies
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: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Device Manufacturing | 29 Apr 2015 | $150M | $1.20B | TPG |
| Gusto Tech Companies | 10 Apr 2015 | $60M | $560M | CapitalG |
| Online Marketplace | 2 Apr 2015 | $34M | not disclosed | Sequoia Capital and Lightspeed Venture Partners |
| Tech Companies | 27 Apr 2015 | $30M | not disclosed | Glynn Capital |
| Tech Companies | 16 Apr 2015 | $18M | not disclosed | Valar Ventures |
| Gift Shops | 28 Apr 2015 | $16M | not disclosed | Zeev Ventures and Wicklow Capital |
| Medical Supply Manufacturers | 1 Apr 2015 | $15M | not disclosed | Khosla Ventures |
| Olive Tech Companies | 13 Apr 2015 | $15M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Noom raise in its Series B round?
Noom raised $16M in its Series B round, announced in Apr 2015.
Who led Noom's Series B round?
InterVest led it, with LB Investment, Hanmi IT, RRE Ventures, Translink Capital and Qualcomm Ventures.
What was Noom's valuation at the Series B round?
It was not disclosed.
Did Noom raise again after this round?
Yes: a Series E round in May 2019 of $58M.