What You Should Know:– Noom, a New York City-based digital health platform focused on behavior change, today announced its $540 million Series F funding led by Silver Lake. The round also included participation from new investors Oak HC/FT, Temasek, and Novo Holdings and existing investors Sequoia Capital, RRE, and Samsung Ventures also participated. – The company sits at an interesting intersection of several trends in healthcare: digitally-empowered health consumers; the rise of chronic conditions (and associated healthcare costs); the shift in preventive care toward digital/virtual options (accelerated by COVID); and the move towards outcomes based care vs. procedures and treatments. – Noom plans to utilize the recent round of funding to expand its highly-adaptable behavior change platform to address a broad range of conditions with meaningful opportunity to further generate positive change across the lives and health of its customers, including stress and anxiety, diabetes, hypertension, and sleep. – Additionally, as part of the announcement, the company also appointed two new board members—Adam Karol, Silver Lake Managing Director, and Stacy Brown-Philpot, former TaskRabbit CEO and SB Opportunity Fund Founding Member.