Fitness tracker Whoop raises $100m from SoftBank Vision Fund 2, others

REUTERS/Issei Kato

Fitness tracker startup Whoop said on Wednesday it raised $100 million in Series E funding from investors including venture capital firm IVP and SoftBank Vision Fund 2, valuing the company at $1.2 billion.

Popular athletes like 10-time NBA All-Star Kevin Durant, Super Bowl MVPs Patrick Mahomes and Eli Manning, among others, also participated in the funding round, the company said in a statement.

Boston-based Whoop said it would primarily use the new funds for product and software development, global expansion and membership services.

Whoop also offers a monthly subscription for round-the-clock health monitoring through a free fitness band it provides with the membership.

The company’s tracker is the fitness band of choice for a host of pro-athletes. The PGA Tour had bought 1,000 Whoop bands for players, caddies and media covering the golf tournament.

Whoop founder Will Ahmed said customers were increasingly using the technology to measure their respiratory rate, which is a key statistic for understanding COVID-19.

Founded in 2012, the company said it has raised over $200 million to date.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.