Noom, Inc., a New York City, Berlin, Germany- Seoul, Korea and Tokyo, Japan-based mobile health company, completed a $16.15m Series B funding.
The round was led by new partner InterVest Co., with participation from LB Investment, Hanmi IT, RRE Ventures, TransLink Capital and Qualcomm Ventures.
The company intends to use the funds to further develop the application of its platform.
Led by Saeju Jeong, CEO, Noom provides a coaching platform, which combines human and artificial intelligence to deliver behavior change programs. The company’s current programs target chronic diseases such as diabetes and heart disease.
Healthcare providers using the coaching platform have access to a dashboard and messaging system to monitor and communicate directly with their program participants. Participants download Noom Health from either iTunes App Store or Google Play Store and follow a program that includes daily tasks assigned by a trained coach, short-form education content, food-logging, exercise-logging, one-on-one coaching and group support.
05/02/2014: Noom Closes $7M Series A Funding