– USA, MA – WHOOP, the human performance company, today announced that it has raised $200m in a Series F funding round at a $3.6 billion valuation led by SoftBank Vision Fund 2 alongside other investors including IVP, Cavu Ventures, Thursday Ventures, GP Bullhound, Accomplice, NextView Ventures, and Animal Capital.
Concurrent with the round, Kristin Bannon, Investment Director at SoftBank Investment Advisers will join the Board of Directors.
“WHOOP continues to experience tremendous user growth as they transform human performance, adding new features and products that are focused on enabling their users to lead healthier lives,” said Kristin Bannon. “We are excited to continue our support of Will and the WHOOP team as they aim to improve health in the U.S. and expand internationally.”
“We are thrilled to deepen our partnership with SoftBank as we grow internationally,” said Will Ahmed, WHOOP Founder and CEO. “While we have experienced amazing growth in the past year, the potential of our technology and the vast market for health monitoring remains largely untapped.”
WHOOP will use this new capital to:
- Invest in research and development to build the future of wearable technology
- Create enhancements across its suite of product, software, and analytics
- Enter new markets through strategic international expansion
- Acquire leading technology companies to evolve the membership offering
- Expand hiring of best-in-class global talent across engineering, data science, analytics, and more
- Play a larger role in professional sports and extend WHOOP Live to a greater audience, taking fan and athlete engagement to a new level through biometric data visualization.
About WHOOP
WHOOP, the human performance company, provides a membership for 24/7 coaching to improve health. The WHOOP membership comes with free hardware, a coaching platform designed to optimize your behavior, and a community of high performers. WHOOP members include professional athletes, Fortune 500 CEOs, fitness enthusiasts, military personnel, frontline workers and anyone looking to improve their performance. Studies show WHOOP can positively change behavior, increase sleep, and improve physiological biomarkers. Founded in 2012, WHOOP is based in Boston and has raised more than $400 million in venture capital.
WHOOP has more than 500 employees with over 225 new hires in the past 12 months, and has raised approximately $400 million to date. In 2022, WHOOP will open offices around the world, including a new global headquarters in Boston, Massachusetts planning to house more than 1,000 team members on site
For more information : https://www.whoop.com/
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