May 19, 2021
Noom Inc., a popular app targeted to help weight loss, is said to have obtained funding from the private equity firm Silver Lake ahead of a potential IPO.
Noom is said to be worth $4 billion in its latest funding round, according to a Bloomberg report yesterday. The company, which hopes to be valued at $10 billion when it goes public, has met with advisors to talk about a possible IPO this year or next.
Noom has grown rapidly, from an estimated $237 million in revenues in 2019 to $400 million last year. The company has been advertising heavily on TV lately.
Noom in 2019 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.
To Find Out More About Noom and All Major Weight Loss Competitors…
See Marketdata LLC’s new report: “The U.S. Weight Loss & Diet Control Market”. The report contains in-depth profiles of Noom, Weight Watchers, NutriSystem, Medifast, Herbalife, Jenny Craig and many other diet companies.. The report is sold at Marketdata’s website (Report FS67). The complete report is priced at $2,195 but individual chapters are sold at lower prices. A 46-page Executive Overview is also sold for $99 (report OV4). The detailed Table of Contents is available on the website or upon request: www.marketdataenterprises.com. Questions? Contact Marketdata at: 813-971-8080.