Funding round
WHOOP Series B
WHOOP, which works in wearable health technology development in Boston, raised $12M in a Series B round announced on 22 Sep 2015, led by Two Sigma Ventures. 6 firms took part. It is WHOOP's first venture round on record.
$12M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
WHOOP did not disclose a valuation in this round. It is WHOOP's first venture round on record, 3 years after it was founded in 2012. It is 1.2% of the $967M WHOOP has raised in the venture rounds on record. WHOOP raised again 30 months later: a Series C round of $25M in Mar 2018. Its next priced round, a Series E in Oct 2020, valued it at $1.20B.
WHOOP's funding rounds
WHOOP has 6 venture rounds on record. This one is highlighted.
- Series B this round 22 Sep 2015, led by Two Sigma Ventures $12M
- Series C 6 Mar 2018, led by UAE71 Capital $25M
- Series D 12 Nov 2019, led by Foundry $55M
- Series E 28 Oct 2020, led by Institutional Venture Partners $100M$1.20B post-money
- Series F 30 Aug 2021, led by SoftBank Vision Fund $200M$3.60B post-money
- Series G 31 Mar 2026, led by Collaborative Fund $575M$10.10B post-money
Investors
Who put money in
Two Sigma Ventures led the round with 5 other firms.
Lead investor
- Two Sigma Ventures backs 60 venture-backed companies new investor
Also in the round
- backs 23 venture-backed companies new investor
- backs 102 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- Valley Oak Investments new investor
- backs 91 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $11M, and this round was close to the median. The closest in time, other companies' Series B rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 20 Oct 2015 | $25M | not disclosed | 5AM Ventures |
| Medical Supply Manufacturers | 9 Oct 2015 | $10M | not disclosed | Fannin Partners and Scientific Health Development |
| Medical Supply Manufacturers | 7 Jul 2015 | $17M | not disclosed | The Chernin Group and Wildcat Capital Management |
| Medical Supply Manufacturers | 15 Jul 2015 | $11M | not disclosed | Cambia Health Solutions |
| Medical Supply Manufacturers | 24 Jun 2015 | $1.2M | not disclosed | HealthTech Capital |
| Medical Supply Manufacturers | 7 May 2015 | $33M | not disclosed | Vertex Holdings |
| Medical Supply Manufacturers | 11 Jan 2016 | $28M | not disclosed | Johnson & Johnson Innovation – JJDC Inc. |
| Medical Supply Manufacturers | 16 Jan 2016 | $11M | not disclosed | LSP (Life Sciences Partners) |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did WHOOP raise in its Series B round?
WHOOP raised $12M in its Series B round, announced in Sep 2015.
Who led WHOOP's Series B round?
Two Sigma Ventures led it, with Mousse Partners, Accomplice, Promus Ventures, Valley Oak Investments and NextView Ventures.
What was WHOOP's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Medical Supply Manufacturers?
24 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $11M, and this round was close to the median.
Did WHOOP raise again after this round?
Yes: a Series C round in Mar 2018 of $25M.