Deals
Weight-Loss App Noom Gets $540 Million in Silver Lake-Led Round
- Noom is said to be valued at $3.7 billion after funding round
- Company seeking to expand to business customers, new areas
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Noom Inc., whose app is designed to help people lose weight by changing their behavior, raised $540 million in a new funding round as it seeks to expand into other realms of personal health.
Private equity firm Silver Lake led the round, which also included investors such as health-care funds Oak HC/FT and Novo Holdings. Noom plans to use the money to hire fresh talent, Chief Executive Officer Saeju Jeong said in an interview.