Samsung Ventures was part of a Silver Lake-led round that hiked health management app developer Noom's valuation to $3.7bn.

Noom, the US-headquartered creator of an online platform that guides healthy behaviour, secured approximately $540m yesterday in a series F round featuring pharmaceutical firm Novo and electronics manufacturer Samsung.

Private equity firm Silver Lake led the round, which included Oak HC/FT, Temasek, Sequoia Capital and RRE Ventures, while Samsung participated through corporate venture capital unit Samsung Ventures. It valued the company at $3.7bn, according to Bloomberg.

Founded in 2008, Noom has built a mobile platform which combines data analytics technology…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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