Ropes & Gray advised Silver Lake on the deal.
Noom, the leading digital health platform focused on behavior change, closed its approximately $540 million Series F funding led by Silver Lake. Other new investors participating in the round include Oak HC/FT, Temasek, and Novo Holdings. Existing investors Sequoia Capital, RRE, and Samsung Ventures also participated.
Noom is a psychology-based digital health platform powered by data, technology, and human coaches that helps millions of people meet their personal health and wellness goals from weight management to diabetes prevention to stress reduction. The company has been awarded multiple grants from the National Institutes of Health and was the first mobile application to be recognized by the Centers for Disease Control as a certified diabetes prevention program. Headquartered in New York City, Noom has been named one of Inc’s Best Places to Work and Fortune’s Best Workplaces in Technology.
The Ropes & Gray’s team advising Silver Lake was led by private equity partner Eric Issadore (Picture; San Francisco), and included privacy & data security partner Ed McNicholas (Washington, D.C.), antitrust partner Chong Park (Washington, D.C.), IP transactions partner Regina Sam Penti (Boston and London), health care partners David Peloquin, Adrianne Ortega and Tim McCrystal (all of Boston), benefits partner Jenny Rikoski (Boston), labor & employment partner Megan Bisk (Boston) and ESG and M&A partner Michael Littenberg (New York).
Involved fees earner: Megan Bisk – Ropes & Gray; Eric Issadore – Ropes & Gray; Michael Littenberg – Ropes & Gray; Timothy McCrystal – Ropes & Gray; Edward McNicholas – Ropes & Gray; Adrianne Ortega – Ropes & Gray; Chong Park – Ropes & Gray; David Peloquin – Ropes & Gray; Jennifer Rikoski – Ropes & Gray; Regina Sam Penti – Ropes & Gray;
Law Firms: Ropes & Gray;
Clients: Silver Lake;