technology
Whoop raises $575 million at $10 billion valuation to become a health platform
Whoop has transformed from a fitness band maker into a subscription health platform and just raised $575 million to fund global expansion, medical product development, and hiring.
Mar 31st 2026 · United States
Insights
- Whoop closed a $575 million Series G round that values the company at $10 billion.
- New investors include the Mayo Clinic, Qatar's sovereign wealth fund, LeBron James, and Cristiano Ronaldo.
- The company moved from selling fitness bands to subscription health services with medical features such as FDA ECG registration and blood analysis integration.
- Whoop has about 2.5 million subscribers and over $1 billion in cash reserves, and will use the funding to expand internationally and hire roughly 600 more employees.
- Whoop faces strong competition from Apple, Xiaomi, Garmin and others, and the founder has signaled a potential IPO in about two years.
Sources
- Whoop, a Wearable Health Device Maker, Raises $575 Million www.nytimes.com
- Whoop hits $10bn valuation as health tracking takes off www.ft.com
- Whoop, a Wearable Health Device Maker, Raises $575 Million www.nytimes.com
- La pulsera deportiva que dejó de vender deporte: Whoop ya vale 10.000 millones y quiere ser tu médico www.xataka.com
- Whoop’s valuation just tripled to $10 billion techcrunch.com