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Noom

“Can a behavioral-science weight-loss app become the dominant end-to-end chronic-condition management platform by combining GLP-1 telehealth, AI coaching, and employer benefit distribution?”

Founded2008
HQNew York, NY (also Princeton, NJ listed as corporate office)
Total raised$659M+
Latest roundSeries F, 2021
IndustryVertical SaaS / Healthcare
The story

Founded in 2008 as WorkSmart Labs, Noom pivoted to a consumer subscription weight-loss app leveraging behavioral psychology and human coaching. It expanded into employer/B2B wellness partnerships, then aggressively entered the GLP-1/telehealth space with Noom Med circa 2023—positioning itself at the intersection of digital health coaching and prescription weight management. The $540M Series F in 2021 was intended to fund global expansion and deeper penetration of employer benefit programs.

Last 12 months
2026-04
2025-08
Product timeline
2008
Founded as WorkSmart Labs in New York City.· pivot
2016
Rebranded to Noom; pivoted fully to consumer weight management subscription app.· pivot
2019
Raised $58M Series E led by Sequoia; began expanding enterprise/employer wellness programs alongside D2C.· banking
2021
Raised $540M Series F led by Silver Lake to expand geographies and employee benefits programs.· banking
2023
Launched Noom Med, a telehealth program offering GLP-1 medications (e.g., Wegovy, Ozempic) alongside behavioral coaching.· pivot
2024
Expanded Noom Med with branded medication-included plans and telehealth for branded meds.· pivot
The stack
2 layers disclosed in Noom’s embedded-finance stack
Payments / PSP
Stripe
Spend / AP
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Noom — frequently asked

Who is Noom's payment processor?

Noom processes payments through Stripe.

What is Noom's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Noom's stack: Payments / PSP (Stripe); Spend / AP (BILL).

Where is Noom headquartered?

Noom is founded in 2008 and headquartered in New York, NY (also Princeton, NJ listed as corporate office).

How much funding has Noom raised?

Noom has raised $659M+ in total (latest round: Series F, 2021).

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