Funding round
WHOOP Series D
WHOOP, which works in wearable health technology development in Boston, raised $55M in a Series D round announced on 12 Nov 2019, led by Foundry. 6 firms took part. It is WHOOP's third venture round on record; the one before was a Series C in Mar 2018.
$55M
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 came 20 months after WHOOP's Series C. It is 5.7% of the $967M WHOOP has raised in the venture rounds on record. WHOOP raised again 11 months later: a Series E round of $100M in Oct 2020, at $1.20B post-money.
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 6 Mar 2018, led by UAE71 Capital $25M
- Series D this round 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
Foundry led the round with 5 other firms.
Lead investor
- backs 85 venture-backed companies new investor
Also in the round
- Two Sigma Ventures backs 60 venture-backed companies new investor
- backs 102 venture-backed companies new investor
- Thursday Ventures new investor
- backs 31 venture-backed companies new investor
- Silicon Valley Bank new investor
Joined the board: Chris Moody (Foundry Group).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
11 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $20M, and this round was 2.8 times the median. The closest in time, other companies' Series D rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 3 Dec 2019 | $80M | not disclosed | Amzak Health Investors |
| Medical Supply Manufacturers | 1 Oct 2019 | undisclosed | not disclosed | not named |
| Medical Supply Manufacturers | 14 Jan 2020 | $13M | not disclosed | Consensus Business Group and Accelmed |
| Medical Supply Manufacturers | 5 Sep 2019 | $12M | not disclosed | EQT |
| Medical Supply Manufacturers | 9 Jul 2019 | $30M | not disclosed | Bluebird Ventures |
| Medical Supply Manufacturers | 13 May 2019 | $13M | $83M | not named |
| Medical Supply Manufacturers | 22 Jun 2020 | $20M | not disclosed | MemorialCare Innovation Fund |
| Medical Supply Manufacturers | 24 Jun 2020 | $7.2M | not disclosed | US Venture Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did WHOOP raise in its Series D round?
WHOOP raised $55M in its Series D round, announced in Nov 2019.
Who led WHOOP's Series D round?
Foundry led it, with Two Sigma Ventures, Accomplice, Thursday Ventures, Promus Ventures and Silicon Valley Bank.
What was WHOOP's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Medical Supply Manufacturers?
11 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $20M, and this round was 2.8 times the median.
Did WHOOP raise again after this round?
Yes: a Series E round in Oct 2020 of $100M at $1.20B post-money.