Whoop’s valuation just tripled to $10 billion

Whoop closed a $575 million Series G round at a $10.1 billion valuation, roughly triple its prior valuation.

The round was led by Collaborative Fund and included sovereign wealth funds, health institutions, and notable athletes as investors.

Whoop has raised about $900 million to date and exited last year with a $1.1 billion bookings run rate, up 103% year over year.

CEO Will Ahmed said Abbott's investment signals a push into health and medical capabilities and the company will invest in hiring, marketing, R&D, and international expansion.