Funding round
Noom Series E
Noom, which works in digital health platform development in Princeton, raised $58M in a Series E round announced on 6 May 2019, led by Sequoia Capital. 34 firms took part, 2 of them already investors. It is Noom's fourth venture round on record; the one before was a Series B in Apr 2015.
$58M
Amount raised
Not disclosed
Post-money valuation
34
Investors
1 lead
Valuation
What this round says about the price
Noom did not disclose a valuation in this round. It came 49 months after Noom's Series B. It is 9.3% of the $624M Noom has raised in the venture rounds on record. Noom raised again 24 months later: a Series F round of $540M in May 2021.
Noom's funding rounds
Noom has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 33 other firms. Sequoia Capital and Samsung Venture Investment had backed Noom before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Also in the round
- backs 63 venture-backed companies new investor
- Samsung Venture Investment backs 126 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies
- DST Global backs 179 venture-backed companies
- General Atlantic backs 134 venture-backed companies
- General Catalyst backs 574 venture-backed companies
- Greylock Partners backs 190 venture-backed companies
- Institutional Venture Partners backs 109 venture-backed companies
- Khosla Ventures backs 396 venture-backed companies
- Ribbit backs 126 venture-backed companies
- Y Combinator backs 1,295 venture-backed companies
- backs 41 venture-backed companies
- Ambridge Capital
- Arrive
- backs 23 venture-backed companies
- Brand Foundry Ventures
- backs 20 venture-backed companies
- backs 42 venture-backed companies
- backs 65 venture-backed companies
- backs 13 venture-backed companies
- FirstMark backs 128 venture-backed companies
- backs 99 venture-backed companies
- Founders Fund backs 368 venture-backed companies
- Graypes GmbH
- backs 82 venture-backed companies
- backs 66 venture-backed companies
- outcast ventures
- backs 33 venture-backed companies
- backs 111 venture-backed companies
- backs 43 venture-backed companies
- Sound Ventures backs 114 venture-backed companies
- backs 5 venture-backed companies
- backs 71 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring and product development.
- Hiring
- Product development
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| GetYourGuide Travel Agencies | 16 May 2019 | $484M | not disclosed | SoftBank Vision Fund |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
| Impossible Foods Food Production | 14 May 2019 | $300M | not disclosed | Temasek and Horizons Ventures |
| Tech Companies | 20 May 2019 | $103M | $1.00B | Sapphire Ventures |
| Tech Companies | 14 May 2019 | $90M | not disclosed | One Peak and Goldman Sachs |
| Tech Companies | 7 May 2019 | $75M | not disclosed | Sapphire Ventures and Lightspeed Venture Partners |
| Groceries Delivery | 21 May 2019 | $30M | not disclosed | PivotNorth Capital |
| Tech Companies | 20 May 2019 | $29M | not disclosed | Tola Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Noom raise in its Series E round?
Noom raised $58M in its Series E round, announced in May 2019.
Who led Noom's Series E round?
Sequoia Capital led it, with Aglaé Ventures, Samsung Venture Investment, Andreessen Horowitz, DST Global and General Atlantic and 28 more.
What was Noom's valuation at the Series E round?
It was not disclosed.
Did Noom raise again after this round?
Yes: a Series F round in May 2021 of $540M.