The fitness and sleep tracker provider, an alumnus of Harvard Innovation Lab, was valued at $1.2bn in a round that took its total funding past $200m.
Whoop, the US-based wearable health tracker developer spun out of Harvard University’s Innovation Lab, has raised $100m from investors at a $1.2bn valuation, Bloomberg reported yesterday.
Telecommunications and internet group SoftBank’s Vision Fund, IVP, Two Sigma Ventures, Accomplice, Collaborative Fund, Thursday Ventures, NextView Ventures, Promus Ventures, Cavu Ventures and D20 Capital all took part in the round.
The round was filled out by Thirty Five Ventures, the investment vehicle for basketball professional Kevin Durant, in addition to former hedge fund manager Mike Novogratz and athletes including Eli Manning, Larry Fitzgerald, Patrick Mahomes, Rory McIlroy and Justin Thomas.
Whoop has created a lightweight and waterproof wearable strap that provides detailed data on users’ fitness, sleep and physical recovery in addition to personalised coaching through a subscription service.
The funding has been earmarked for expanding Whoop’s marketing efforts in countries such as France, Germany, Spain and Australia, in…
