"The funding arrives as Whoop hits some major business milestones, by Ahmed's telling. The company exited last year at a $1.1 billion bookings run rate, up 103% year over year."
"One notable addition to the cap table is Abbott, the medical device giant. Whoop founder and CEO Will Ahmed told me the partnership signals a broader push into health and medical capabilities."
"Talking with TechCrunch last week, Ahmed made a point of explaining why bookings is the right metric to focus on: when you're shipping millions of hardware units around the world while running a subscription business, investors need to understand the cash dynamics of managing all of that simultaneously."
"As for what comes next with all that capital, Ahmed pointed to talent and hiring, marketing and brand awareness, and continued R&D investment, along with accelerating international expansion."
Whoop has successfully closed a $575 million Series G funding round, achieving a valuation of $10.1 billion, significantly up from its previous $3.6 billion. The funding was led by Collaborative Fund and included investments from various sovereign wealth funds, health institutions, and notable athletes like Cristiano Ronaldo and LeBron James. The company aims to enhance its health and medical capabilities, having reported a 103% year-over-year increase in bookings. Future plans include talent acquisition, marketing, R&D investment, and international expansion.
Read at TechCrunch
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