Whoop Raises $575M in Series G
Fitness tracking wearable company Whoop has closed a $575 million Series G funding round, valuing the company at $10.1 billion. The round was led by Collaborative Fund and included participation from Mubadala Investment Company, Qatar Investment Authority, and other investors.
Investor Details and Company Background
The Series G funding round saw involvement from medical device giant Abbott and high-profile athletes such as Cristiano Ronaldo and LeBron James. Since its founding, Whoop has raised approximately $900 million in total.
Whoop, founded by Will Ahmed, specializes in fitness and health tracking wearables. The company, based in the United States, has been operational since its inception.
Market Context and Expansion
This significant funding round at such a high valuation raises questions about a potential IPO for Whoop. The inclusion of Abbott as an investor signals a strategic move by Whoop to expand into health and medical capabilities.
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Source: TechCrunch Hardware