Noom Raises $58M in Funding

noomNoom, a NYC-based mobile wellness company, completed a $58m financing.

The round was led by Sequoia Capital, with participation from:
– Groupe Arnault’s tech arm Aglaé Ventures,
– Jan Koum, co-founder of WhatsApp,
– Tony Xu, co-founder of DoorDash,
– Josh Kushner, co-founder of Oscar Health,
– Scooter Braun, founder of SB Projects, and
– Samsung Ventures.

The company intends to use the funds to expand the team and improve the customer experience.

Co-founded by President of Product and Engineering Artem Petakov and CEO Saeju Jeong, Noom provides clinically-proven behavior change programs that combine human coaches with personalized content to allow people to achieve their wellness goals. Users complete a questionnaire, download the app and are paired with a dedicated health coach and customized content that dynamically evolves based on their needs.
The company’s program seeks to understand individual motivations and obstacles to best guide users toward sustainable behavior change.

Noom has offices in Seoul and Tokyo.



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