Noom’s $58 Million Series E Round Funding


Gunderson Dettmer advised Noom on the transaction

Noom, the mobile wellness company, has completed a $58 million financing, led by Sequoia Capital. 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 existing investor Samsung Ventures have also joined the round.

Noom’s clinically-proven behavior change programs combine human coaches with personalized content to help people achieve their wellness goals. Users complete a questionnaire, download the Noom app and are paired with a dedicated health coach and customized content that dynamically evolves based on their needs. Rather than relying on strict rules and fad diets that are difficult to maintain, Noom’s program seeks to understand individual motivations and obstacles to best guide users toward sustainable behavior change.

The Gunderson Dettmer deal team was led by Melissa Marks (Picture) and included Tyler Mann, Sogoal Salari and Russell Silver-Fagan.

Involved fees earner: Tyler Mann – Gunderson Dettmer; Melissa Marks – Gunderson Dettmer; Sogoal Salari – Gunderson Dettmer; Russell Silver-Fagan – Gunderson Dettmer;

Law Firms: Gunderson Dettmer;

Clients: Noom, Inc.;

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Author: Ambrogio Visconti