US wearable technology company Whoop has closed a $575 million Series G funding round at a $10 billion valuation, with participation from Abu Dhabi-listed 2PointZero Group, Mubadala Investment Company and the Qatar Investment Authority.
Mubadala confirmed a $75 million contribution; the other Gulf participants did not disclose their allocations. The round was led by Collaborative Fund and included institutional backers Abbott, Mayo Clinic and Macquarie Capital, alongside high-profile individual investors including Cristiano Ronaldo, LeBron James and Rory McIlroy.
Founded in Boston in 2012, Whoop has now raised more than $900 million in venture capital, ships to 56 countries and operates in six languages. Proceeds will fund expansion across the US, Europe, GCC, Latin America and Asia.
Gulf Economist Staff Writer