NEWS COMMENTARY

Noom raises $540 million in Series F funding, aims to expand digital wellness platform

Published:
June 08, 2021
Last Updated:
June 08, 2021
Services:
CPG More...
Priorities:
Consumer Health and Wellness More...
Activities:
Investment More...
by Anshul Gupte
Average importance

The round was led by Silver Lake Partners, and the company plans to use the funds to expand its health platform into virtual treatments for diabetes, hypertension, stress, and sleep. Noom has previously found success in using its behavioral coaching therapy in weight management, and its approach can extend well into this area. It is important to note how digital tools are well-suited to target chronic condition management and meet healthy living goals through wellness initiatives. Clients interested in this space should monitor Noom and search for ways to pair with these wellness platforms to bring value to users.

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