MedCity News May 26, 2021
Noom, a weight loss app that uses health coaching, raised $540 million in a funding round led by Silver Lake Capital. It plans to expand into a wider range of conditions, including stress and diabetes.
Fresh off of a big funding round, weight loss app Noom plans to expand into more health conditions and start selling its services as a covered benefit. It’ll be diving into a competitive space, vying for employers’ dollars alongside other well-funded competitors, such as Livongo and Omada Health.
New York-based Noom takes a similar approach for its app, which uses coaching, support groups and digital programs to help people lose weight. A less well known part of its business, it’s also had a digital diabetes...
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