Funding round
WHOOP Series F
WHOOP, which works in wearable health technology development in Boston, raised $200M in a Series F round announced on 30 Aug 2021, led by SoftBank Vision Fund, at a $3.60B post-money valuation. 8 firms took part. It is WHOOP's fifth venture round on record; the one before was a Series E in Oct 2020.
$200M
Amount raised
$3.60B
Post-money valuation
8
Investors
1 lead
3.0x
Step-up from the Series E
$1.20B in Oct 2020
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced WHOOP at $3.60B after the new money, 3.0 times the $1.20B of its Series E (Oct 2020). The $200M bought investors about 5.6% of the company. It came 10 months after WHOOP's Series E. It is 21% of the $967M WHOOP has raised in the venture rounds on record. WHOOP raised again 55 months later: a Series G round of $575M in Mar 2026, at $10.10B 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 12 Nov 2019, led by Foundry $55M
- Series E 28 Oct 2020, led by Institutional Venture Partners $100M$1.20B post-money
- Series F this round 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
SoftBank Vision Fund led the round with 7 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- Thursday Ventures new investor
- backs 22 venture-backed companies new investor
- backs 102 venture-backed companies new investor
- backs 91 venture-backed companies new investor
- backs 24 venture-backed companies new investor
Joined the board: Kristin Bannon (SoftBank Investment Advisers).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Medical Supply Manufacturers, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 18 Sep 2020 | $106M | not disclosed | General Catalyst and Drive Capital |
| Drug Stores & Pharmacies | 3 Aug 2021 | $232M | not disclosed | not named |
| Patreon Tech Companies | 26 Aug 2021 | $155M | $4.00B | not named |
| Snyk Tech Companies | 9 Sep 2021 | $530M | $8.50B | Sands Capital and Tiger Global |
| Rappi Groceries Delivery | 1 Jul 2021 | $500M | $5.25B | T. Rowe Price |
| Media Companies | 15 Sep 2021 | $230M | $2.00B | not named |
| Kurly Groceries | 9 Jul 2021 | $200M | $2.20B | Aspex Management and DST Global |
| Meat, Fish & Seafood Stores | 2 Jul 2021 | $192M | $650M | Temasek and Multiples |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did WHOOP raise in its Series F round?
WHOOP raised $200M in its Series F round, announced in Aug 2021.
Who led WHOOP's Series F round?
SoftBank Vision Fund led it, with Institutional Venture Partners, CAVU Consumer Partners, Thursday Ventures, GP Bullhound and Accomplice and 2 more.
What was WHOOP's valuation at the Series F round?
$3.60B post-money.
Did WHOOP raise again after this round?
Yes: a Series G round in Mar 2026 of $575M at $10.10B post-money.