Healthcare Startup Noom Raises $16.15M Series B To Expand Its Personalized Coaching Platform

TechCrunch

Noom, a mobile healthcare startup that focuses on using data to prevent diseases, announced today that it has raised a $16.15 million Series B.

The round was led by InterVest Co Ltd, a South Korea venture capital firm, with participation from LB Investment, Hanmi IT, RRE Ventures, TransLink Capital, and Qualcomm Ventures. Noom raised its $7 million Series A in February 2014 and has also received grants from organizations including the National Institutes of Health (NIH).

Noom, which currently claims 32 million users in total, makes Noom Coach, a weight-loss app, and Noom Health, a platform that connects patients and their healthcare providers.

Noom Coach’s closest competitors include MyFitnessPal and Rise, the app that connects people with a nutritionist. Noom Coach hits the middle ground, however, by using artificial intelligence to deliver personalized recommendations based on food and exercise logged by each user.

It also differentiates by analyzing…

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