Wellness app maker Noom has raised $15 million,according to an SEC filing. Han-Sing Hi-Tech Fund as well as existing investors TransLink Capital and RRE Ventures contributed to the round, according to Fortune’s Term Sheet. This brings the company’s total funding to at least $24.6 million.
Other existing investors include Recruit Strategic Partners, Scrum Ventures, Qualcomm Ventures, and Harbor Pacific Capital. Noom raised $2.9 million in February 2014.
The funding, according to the SEC filing, “will be used for research and development, general corporate and working capital purposes, some of which may include salaries and/or other compensation paid to executive officers in the ordinary course of business”. Continued.