Funding round
Noom Series F
Noom, which works in digital health platform development in Princeton, raised $540M in a Series F round announced on 25 May 2021, led by Silver Lake. 7 firms took part, 3 of them already investors. It is Noom's fifth venture round on record; the one before was a Series E in May 2019.
$540M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Noom did not disclose a valuation in this round. It came 24 months after Noom's Series E. It is 87% of the $624M Noom has raised in the venture rounds on record. No later venture round is on record for Noom.
Noom's funding rounds
Noom has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Silver Lake led the round with 6 other firms. Sequoia Capital, RRE and Samsung Venture Investment had backed Noom before.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Also in the round
- Oak HC/FT backs 106 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
- backs 95 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- backs 68 venture-backed companies existing investor
- Samsung Venture Investment backs 126 venture-backed companies existing investor
Joined the board: Adam Karol (Silver Lake) and Stacy Brown-Philpot.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Vinted Salvage Merchandise & Thrift Stores | 12 May 2021 | $303M | $5.20B | EQT |
| Forter Tech Companies | 25 May 2021 | $300M | $3.00B | Tiger Global Management |
| Collective Health Insurance - Agents, Carriers & Brokers | 4 May 2021 | $280M | $1.50B | Health Care Service Corporation |
| MasterClass Learning, Tutoring & Courses | 13 May 2021 | $225M | $2.75B | Fidelity Management & Research Company |
| Tech Companies | 11 May 2021 | $100M | $1.70B | Greenspring Associates |
| Glovo Food delivery | 1 Apr 2021 | $530M | not disclosed | Lugard Road Capital and Luxor Capital Group |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Faire General Retail & Merchandise | 10 Jun 2021 | $260M | $7.00B | Sequoia Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Noom raise in its Series F round?
Noom raised $540M in its Series F round, announced in May 2021.
Who led Noom's Series F round?
Silver Lake led it, with Oak HC/FT, Temasek, Novo Holdings, Sequoia Capital and RRE and 1 more.
What was Noom's valuation at the Series F round?
It was not disclosed.