Whoop valuation triples to $10 billion after funding

Wearable fitness tracker Whoop has secured $575 million in Series G funding, catapulting its valuation to $10.1 billion, nearly tripling its previous $3.6 billion valuation. The round saw participation from sovereign wealth funds, health institutions, and prominent athletes. This significant capital infusion, led by Collaborative Fund, will support talent acquisition, marketing, R&D, and international expansion. Whoop also announced a strategic partnership with medical device giant Abbott, signaling a move towards broader health and medical capabilities. The company is reportedly preparing for a potential IPO.