Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Fitness wearable maker Whoop raises $575m at a $10.1b valuation

Whoop, a US fitness wearable company, raised US$575 million in a series G round at a US$10.1 billion valuation led by Collaborative Fund as it looks to expand into healthcare and medical uses.

The round was led by Collaborative Fund, with participation from investors including Mubadala Investment Company, Qatar Investment Authority, 2PointZero Group, Abbott, and Mayo Clinic.

The company has raised about US$900 million to date. Abbott’s participation signals a deeper partnership, though details were not disclosed.

CEO Will Ahmed said Whoop reached a US$1.1 billion bookings run rate last year and is preparing for public company requirements, without committing to an IPO timeline.

🔗 Source: TechCrunch

🧠 Food for thought

Implications, context, and why it matters.

A regulatory showdown looms over Whoop’s medical pivot

  • This funding round aims to move Whoop from a performance tracker toward a predictive health platform 1.
  • That plan runs into U.S. Food and Drug Administration (FDA) oversight, since the federal agency regulates medical devices 2.
  • A warning letter said the Blood Pressure Insights feature counts as a medical device under federal law. The FDA has not authorized it for any use, plus Whoop lacks premarket approval or 510(k) clearance, an FDA pathway that allows certain devices to be marketed if they are substantially equivalent to an existing legally marketed device 2.
  • Whoop says the feature targets general wellness. The dispute underscores the regulatory work ahead as the company moves further into healthcare and medical uses 2.

Consumer engagement is the new weapon in remote healthcare

  • Investments from Abbott and Mayo Clinic suggest confidence that a consumer wearable company can expand into healthcare and medical uses. That could include remote patient monitoring (RPM), which involves monitoring patients outside traditional clinical settings using connected devices and data 2.
  • Specialized medical device companies have long covered this market for post-hospital care 3.
  • Whoop may benefit from frequent use, with its CEO citing an 83% daily active user engagement rate 1.
  • The sources do not establish a direct comparison between Whoop’s continuous consumer data and standard RPM programs. Mayo Clinic’s RPM framework uses connected devices like a blood pressure cuff, pulse oximeter, scale, and thermometer, plus symptom assessments over defined program durations 3.

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.