Wayzata-based Nomolos recently reported securing$155k of a $500k seed round according to disclosures filed with SEC. Three years in the making, the company was officially formed one year ago and is still so fresh that the website and logo have taken the backseat to product development.
The venture is built around a scientifically-based algorithm and database driven mobile health platform that aims to provide clear language and dynamic recommendations on ‘what to eat and when to move’. Nomolos is led by husband and wife duo Frank and Joy Solomon — both of which “have years of related experience in their fields,” including “med tech startups and pioneering online healthcare publishing,” respectively.
“We’re leveraging what we see are two major societal trends,” says Frank. ” The first is that nearly two-thirds of the US is overweight by clinical definition; secondly, the US $60b weight loss market has been slow to capitalize on the momentum of mobile. We are not a calorie counter or a fitness tracker, rather an intelligent way for people to change their eating habits.”
Nomolos’ expected launch target is early September.