Funding round
WHOOP Series C
WHOOP, which works in wearable health technology development in Boston, raised $25M in a Series C round announced on 6 Mar 2018, led by UAE71 Capital. 9 firms took part. It is WHOOP's second venture round on record; the one before was a Series B in Sep 2015.
$25M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
WHOOP did not disclose a valuation in this round. It came 30 months after WHOOP's Series B. It is 2.6% of the $967M WHOOP has raised in the venture rounds on record. WHOOP raised again 20 months later: a Series D round of $55M in Nov 2019. 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 22 Sep 2015, led by Two Sigma Ventures $12M
- Series C this round 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
UAE71 Capital led the round with 8 other firms.
Lead investor
- UAE71 Capital new investor
Also in the round
- National Football League Players Association new investor
- backs 55 venture-backed companies new investor
- new investor
- Two Sigma Ventures backs 60 venture-backed companies new investor
- backs 102 venture-backed companies new investor
- backs 23 venture-backed companies new investor
- backs 31 venture-backed companies 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 geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $30M, and this round was 83% of the median. The closest in time, other companies' Series C rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 28 Mar 2018 | $21M | not disclosed | Pierangelo Bottinelli |
| RefleXion Medical Supply Manufacturers | 4 Apr 2018 | $100M | not disclosed | TPG |
| Medical Supply Manufacturers | 26 Apr 2018 | $70M | not disclosed | Deerfield |
| Medical Supply Manufacturers | 16 Apr 2018 | $34M | not disclosed | Sofinnova Partners |
| Medical Supply Manufacturers | 8 Apr 2018 | $14M | not disclosed | not named |
| Medical Supply Manufacturers | 8 Jan 2018 | $65M | not disclosed | New Enterprise Associates |
| Medical Supply Manufacturers | 30 Jan 2018 | $50M | not disclosed | Gilde Healthcare |
| Medical Supply Manufacturers | 30 Jan 2018 | $16M | not disclosed | Fannin Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did WHOOP raise in its Series C round?
WHOOP raised $25M in its Series C round, announced in Mar 2018.
Who led WHOOP's Series C round?
UAE71 Capital led it, with National Football League Players Association, 35V, The Thursday Group, Two Sigma Ventures and Accomplice and 3 more.
What was WHOOP's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Medical Supply Manufacturers?
25 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $30M, and this round was 83% of the median.
Did WHOOP raise again after this round?
Yes: a Series D round in Nov 2019 of $55M.