Noom Revenue, Valuation, Funding & Investors

Noom is valued at $3.7B as of May 2021, a 9.3x multiple on its last reported $400M revenue.

See full Noom profile

Last Noom valuation

$3.7B

Series F · May 2021

Last Noom funding round

$540M

Series F · May 2021

Noom revenue

$400M

Series F · May 2021

Key investors in Noom

  • RRE Ventures
  • Qualcomm Ventures
  • Translink Capital
  • Sequoia Capital
  • Samsung Ventures
  • Samsung Venture Investment

Noom Overview

About Noom

Noom is a digital health platform combining psychology, AI, and human coaching for wellness goals including weight management, diabetes prevention, and stress reduction. New York City-headquartered, it secured grants from the National Institutes of Health and became the first mobile app certified by the Centers for Disease Control for diabetes prevention. Noom serves millions via app-based programs with behavioral tracking and virtual coaching sessions. Recognized by Inc and Fortune for workplace culture, it operates globally with personalized nutrition and habit-building modules.


Founded

2008

HQ

United StatesNew York City, NY

Website

noom.com

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Revenue

$400M (May 2021)

Valuation

$3.7B (May 2021)

Noom Valuation

Noom is currently valued at $3.7B, based on its Series F in May 2021.

The $540M round was led by Silver Lake, with participation from Temasek, Novo Holdings, RRE Ventures, Private Ventures Group, Samsung Ventures and 3 other investors.

Noom valuation by funding round

Noom valuation by funding round
DateStageValuationRevenue Multiple
May 2021Series F$3.7B9.3x

Noom Revenue

Noom's latest recorded revenue is $400M, as of its Series F in May 2021. At a $3.7B valuation, that implies a 9.3x revenue multiple.

Noom revenue by funding round

Noom revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2021$400M$3.7B9.3xSeries F

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Noom Funding History

Noom has raised a total of $656M across 8 funding rounds.

Noom's first fundraising round was a $5M seed round in June 2013. The most recent completed round was a $540M Series F in May 2021.

Noom funding rounds

Noom funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series FSilver Lake (lead); Temasek; Novo Holdings; RRE Ventures; Private Ventures Group; Samsung Ventures; Anchor Capital GP; Sequoia Capital; Oak HC/FT$540M$3.7BNoom, a New York-based digital health platform founded in 2008, specializes in weight management and wellness through its mobile app, combining psychology, technology, AI-driven personalization, and human coaching to promote sustainable habit changes for weight loss and chronic conditions like diabetes and hypertension. The company achieved unicorn status with a $540 million Series F funding round on May 25, 2021, led by Silver Lake, with participation from Oak HC/FT, Temasek, Novo Holdings, Sequoia Capital, RRE Ventures, and Samsung Ventures, among others listed. Funds were allocated to accelerate product development, expand chronic condition programs, enhance AI features, scale enterprise wellness offerings, grow the team of over 3,000 employees, and pursue global operations. Noom reported strong traction amid pandemic-driven demand, with revenues reaching $400 million in 2020, nearly doubling from $237 million in 2019, reflecting a surge in user adoption as nearly 61% of U.S. adults gained weight averaging 15 pounds. This performance fueled the round's $3.7 billion post-money valuation. The company has raised approximately $624-657 million cumulatively across rounds, positioning it for further expansion into behavioral health and new markets. Post-funding, Noom added board members including Silver Lake's Adam Karol and former TaskRabbit CEO Stacy Brown-Philpot. Reports indicated preparations for a potential IPO targeting nearly $10 billion valuation later in 2021 or early 2022, underscoring investor confidence in Noom's leadership in consumer-first health tech amid a competitive digital wellness landscape.
May 2019Series ESequoia Capital (lead)$58M-Noom is a New York-based digital health platform focused on weight loss, wellness, and behavior change through its mobile app, which combines psychology, technology, and human coaching for personalized nutrition plans, exercise tracking, calorie monitoring, and long-term habit formation. The app has been downloaded over 45 million times across 100 countries and differentiates itself with 1:1 coaching and algorithm-driven personalization. In May 2019, Noom raised $58 million in a Series E round led by Sequoia Capital, with participation from Aglaé Ventures, Jan Koum, Tony Xu, Josh Kushner, Scooter Braun, and returning investor Samsung Ventures. The funds were earmarked for expanding the product team and development to enhance its health coaching capabilities. Noom reported $237 million in revenue for 2019, which nearly doubled to $400 million in 2020 amid growing demand for digital health solutions. This traction positioned Noom strongly ahead of its next major raise, a $540 million Series F in May 2021 led by Silver Lake at a $3.7 billion valuation, with participation from Sequoia Capital, Oak HC/FT, Temasek, Novo Holdings, RRE, and Samsung Ventures. The Series F supported expansion into stress management, sleep disorders, diabetes, hypertension, and geographic growth, alongside enterprise wellness programs. The digital health market, including weight management and chronic condition support, saw explosive growth, with venture funding doubling to $14 billion in 2020 and projected to reach $639 billion by 2026 at a 28.5% CAGR. Noom's focus on sustainable behavior change over mere tracking helped it stand out in a competitive field. Total funding reached approximately $657 million by 2021, with Noom eyeing an IPO at $10 billion valuation and later valued at $3.66 billion. The company grew to 793 employees by late 2023 and continued innovating in AI personalization and B2B offerings.
Mar 2018Series DSompo Holdings (lead)$14M-Noom raised $14 million in a Series D round from Sompo Holdings on March 7, 2018. The company, founded in 2008, develops a subscription-based wellness app for tracking food intake and exercise. Sompo Holdings is listed among key investors alongside Samsung Ventures, Silver Lake, RRE Ventures, and Kleiner Perkins.
Mar 2016Series CSamsung Ventures (lead); KB Investment; RRE Ventures; Translink Capital$15M-Noom raised an undisclosed sum from Samsung Ventures in a 2016 funding round, matching the specified investors including RRE Ventures and Translink Capital. This followed a $16.2 million Series B in 2015 backed by Qualcomm Ventures, Hanmi IT, RRE Ventures, InterVest, LB Investment, and Translink Capital, and preceded a $58 million round in mid-2019 led by Sequoia Capital with Samsung Ventures participation. Some sources list a Series C round of $8.50 million on March 23, 2016.
Mar 2015Series BSamsung Venture Investment (lead)$2M--
Apr 2014Series BInterVest Co. (lead); Qualcomm Ventures; RRE Ventures; Hanmi IT; Translink Capital; LB Investment$16M-Noom raised $16.2 million in its Series B funding round on April 4, 2014, led by InterVest Co. with participation from Hanmi IT, LB Investment, Qualcomm Ventures, RRE Ventures, and Translink Capital. This followed a $7 million Series A in December 2013 led by RRE Ventures and earlier seed rounds totaling around $7.6 million. The round brought Noom's total funding to $30.8 million at that point.
Dec 2013Series ARRE Ventures (lead); Qualcomm Ventures; Harbor Pacific Capital; Translink Capital; Scrum Ventures; Recruit Strategic Partners; Samsung Venture Investment$7M-Noom raised $7 million in a Series A round in 2013 from Harbor Pacific Capital, Qualcomm Ventures, Recruit Strategic Partners, Translink Capital, RRE Ventures, Scrum Ventures, and Harbor Pacific Capital. RRE Ventures led the round. The company, founded in 2008, develops a mobile platform combining data analytics and human coaching to help users manage weight, reduce stress, and prevent diabetes.
Jun 2013SeedQualcomm Ventures (lead); Kleiner Perkins$5M-Noom raised a $5 million seed round in June 2013 led by Qualcomm Ventures. Kleiner Perkins had led an earlier seed round of $2.6 million in December 2011. The company, founded in 2008, develops a health and fitness application focused on weight loss coaching. Noom, then known as WorkSmart Labs, used early funding to expand, including into the Asian market with a Korea office. By that time, users had lost over 19 million pounds via the app and installed 15 million product lines. Noom continued fundraising with a Series A of $7 million in December 2013 led by RRE Ventures.

Who has invested in Noom?

21 investors have backed Noom across its funding rounds, including RRE Ventures, Qualcomm Ventures, Translink Capital, Sequoia Capital, Samsung Ventures and Samsung Venture Investment.

Lead investors include Silver Lake, Sequoia Capital, Sompo Holdings, Samsung Ventures, Samsung Venture Investment and 3 other investors.


Noom Investors

Investors in Noom by funding rounds participated
InvestorHQRoundsRoleFirst check
RRE VenturesUnited StatesNew York City, NY4LeadDec 2013
Qualcomm VenturesUnited StatesSan Diego, CA3LeadJun 2013
Translink CapitalUnited StatesSan Francisco, CA3ParticipantDec 2013
Samsung VenturesSouth KoreaSouth Korea2LeadMar 2016
Sequoia CapitalUnited StatesSan Francisco, CA2LeadMay 2019
Samsung Venture InvestmentSouth KoreaSeoul2LeadDec 2013
TemasekSingaporeSingapore1ParticipantMay 2021
Silver LakeUnited StatesSan Francisco, CA1LeadMay 2021
KB InvestmentSouth KoreaSeoul1ParticipantMar 2016
Kleiner PerkinsUnited StatesSan Francisco, CA1ParticipantJun 2013
Novo HoldingsDenmarkCopenhagen1ParticipantMay 2021
Hanmi ITSouth KoreaSeoul1ParticipantApr 2014
Private Ventures GroupUnited StatesNew York City, NY1ParticipantMay 2021

This data is available for Pro users. Sign up to see all 21 Noom investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Noom

Noom has acquired 2 companies to date.

Last acquisition by Noom was on March 31st 2026. Noom acquired Tailor Made Compounding for undisclosed valuation.


Latest Acquisitions by Noom

Tailor Made Compounding
Opus Growth
Description
Tailor Made Compounding prepares customized medications for hormone replacement therapy, peptide therapies, weight management, anti-aging, and intravenous treatments. The company also produces supplements and cosmetic formulations to meet individual needs.
Opus Growth is a New York-based agency combining data science, big data analytics, media buying, and creative testing for digital campaigns. It optimizes ad placements on Google Ads, Facebook, and programmatic networks. The firm serves consumer brands with A/B testing frameworks and predictive modeling for budget allocation.
HQ CountryUnited StatesUnited States
HQ City
Nicholasville, KY
San Francisco, CA
Deal Date31 Mar 202611 May 2020
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Noom acquisitions and their M&A valuation multiples.

Start Free Trial

Noom Competitors

Noom competitors include listed companies like JMDC and Nyxoah, and private ones like Sword Health, Ro, WeDoctor and Cult.fit.

Public and private companies comparable to Noom
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Sword HealthUnited StatesNew York City, NYPrivate$240M-$4B16.7x
RoUnited StatesNew York City, NYPrivate$598M-$7B11.7x
WeDoctorChinaHangzhouPrivate$139M-$7B50.4x
JMDCJapanJapanPublicly listed$324M$88M$1.5B4.6x
Cult.fitIndiaBangalorePrivate$74M-$1.5B-
NyxoahBelgiumBelgiumPublicly listed$12M($97M)$162M3.2x

Noom Public Comps

Noom is still privately-owned, but its public comps include XtalPi, GeneDx, CareDx, Privia Health, Clover Health, Compass Pathways, Alignment Healthcare, Dian Diagnostics Group, Ping An Healthcare and Hims.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
XtalPi$120M$22M24.8x21.5x134.0x(141.6x)
GeneDx$428M$7M7.4x6.8x477.6x183.5x
CareDx$380M($10M)6.5x5.3x(249.3x)41.0x
Privia Health$2.1B$44M1.0x0.9x50.2x15.3x
Clover Health$1.9B($84M)1.1x0.8x(25.8x)34.1x
Compass Pathways-($293M)--(5.8x)(8.4x)
Alignment Healthcare$3.9B$45M0.4x0.3x31.6x10.0x
Dian Diagnostics Group$1.5B$127M1.4x1.4x16.4x12.2x

This data is available for Pro users. Sign up to see all Noom competitors and their valuation data.

Start Free Trial

Common questions about Noom

When was Noom founded?Noom was founded in 2008.
Where is Noom headquartered?Noom is headquartered in New York City, NY, United States.
Is Noom publicly listed?No, Noom is a private, VC-backed company.
What is Noom's valuation?Noom was last valued at $3.7B in its Series F in May 2021.
How much funding has Noom raised?Noom has raised $656M across 8 funding rounds.
What was Noom's last funding round?Noom's last funding round was a $540M Series F in May 2021, led by Silver Lake.
Who are Noom's investors?Noom's investors include RRE Ventures, Qualcomm Ventures, Translink Capital, Samsung Ventures, Sequoia Capital, Samsung Venture Investment, Temasek, Silver Lake, KB Investment, Kleiner Perkins and 11 others.
What is Noom's revenue?Noom's latest recorded revenue is $400M (May 2021).
What is Noom's revenue multiple?Noom's latest valuation implies a 9.3x revenue multiple ($3.7B valuation on $400M of revenue).
Which companies are comparable to Noom?Companies comparable to Noom include Sword Health, Ro, WeDoctor, JMDC, Cult.fit and Nyxoah.
How many companies has Noom acquired?Noom has acquired 2 companies, including Tailor Made Compounding and Opus Growth.

See companies similar to Noom

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial