[NEWS] Heath coaching app Noom will expand its product team after raising $58M led by Sequoia – Loganspace

[NEWS] Heath coaching app Noom will expand its product team after raising $58M led by Sequoia – Loganspace

Health coaching app developerNoomlaunched this present day that it has raised $58 million led by Sequoia Capital.

Assorted contributors embody Aglaé Ventures, the tech investment arm of French holding company Groupe Arnault, WhatsApp co-founder and aged CEO Jan Koum, DoorDash co-founder and CEO Tony Xu, Oscar Health co-founder Josh Kushner, SB Mission co-founder Scooter Braun and returning investor Samsung Ventures.

Headquartered in Recent York Metropolis with offices in Seoul and Tokyo,Noomis most efficient identified for its express-to-person weight loss app, nonetheless it definitely furthermore develops mission merchandise, in conjunction withan app alive to on diabetes and hypertension. Noom’s person app competes for users with Under Armour’s MyFitnessPal and Weight Watchers, nonetheless its closest rival is presumably weight loss program and weight loss app Upward push because of both provide personalized capabilities and coaching for a subscription payment.

Noom objectives to plight itself apart by focusing on lengthy-time duration standard of living and habits changes, besides to to calorie, weight loss program and exercise tracking. Customers uncover uncover entry to to 1:1 coaching and well being capabilities personalized by an algorithm in accordance with how they reply a questionnaire.

The company will exhaust its unusual funding to rent more individuals for product trend. In a press assertion, Koum acknowledged he invested in Noom because of it “has most of the an identical traits that helped WhatsApp disrupt the communications exchange. Noom is to this point earlier than the competition when it comes to technology, execution and tag recognition that it will likely be refined for any company to snatch up.”