Fitness Tracker Firm Whoop Valued at $3.6 Billion After Softbank-Led Funding

Health tracker startup Whoop mentioned on Monday it had raised $200 million in a Collection F funding led by SoftBank’s Imaginative and prescient Fund 2, valuing the corporate at $3.6 billion.

The corporate mentioned it will primarily use the brand new capital to spend money on analysis and product growth, worldwide enlargement and membership choices.

The funding spherical additionally included enterprise capital corporations IVP, Cavu Ventures, Thursday Ventures and tech funding financial institution GP Bullhound.

Based in 2012 by Will Ahmed, Whoop gives a month-to-month subscription for round the clock well being monitoring by way of a free health band it gives with the membership.

Ahmed final yr mentioned prospects had been more and more utilizing its tracker know-how to measure their respiratory price, a key statistic for understanding Covid-19.

The corporate’s tracker is the health band of selection for athletes together with golfer Justin Thomas, Kansas Metropolis Chiefs quarterback Patrick Mahomes.

Boston-based Whoop mentioned it has raised practically $400 million until date.

By Tiyashi Datta in Bengaluru; editor: Ramakrishnan M.

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