Whoop CEO after raising $575 million: Our next step is an IPO
Whoop raises $575 million, eyes IPO.
Whoop, a wearable device company focused on human performance, has successfully raised $575 million in Series G funding, achieving a valuation of $10.1 billion. CEO Will Ahmed indicated this funding will likely be the last private round before an IPO, as the company has become cash flow positive and is experiencing significant growth, with bookings increasing by 103% year over year.
Key Takeaways
- 1.
Whoop's Series G funding round valued the company at $10.1 billion.
- 2.
The latest funding round included participation from Abbott and Mayo Clinic.
- 3.
Whoop reported a 103% year-over-year growth in bookings.
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