Health tracker firm Whoop is valued at $ 3.6 billion after funding from SoftBank

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Aug. 30 (Reuters) – Fitness tracker startup Whoop said Monday it raised $ 200 million in Series F funding led by SoftBank’s Vision Fund 2 and raised the company with US $ 3.6 billion Dollar valued.

The company said it will use the new capital primarily for research and product development investments, international expansion and membership offerings.

The funding round also included venture capital firms IVP, Cavu Ventures, Thursday Ventures and tech investment bank GP Bullhound.

Founded in 2012 by Will Ahmed, Whoop offers a monthly subscription to 24/7 health monitoring via a free fitness band that comes with membership.

Ahmed said last year that reut.rs/3BmA9sc customers are increasingly using his tracker technology to measure their respiratory rate, a key statistic in understanding COVID-19.

The company’s tracker is the fitness band of choice for athletes like golfer Justin Thomas and Kansas City Chiefs quarterback Patrick Mahomes.

Boston-based Whoop said it has raised nearly $ 400 million to date. (Reporting by Tiyashi Datta in Bengaluru; editing by Ramakrishnan M.)