SoftBank Vision Fund 2 Leads Round Boosting Whoop’s Valuation to $3.6 Billion

Palo Alto – September 3, 2021 – Cooley advised SoftBank Vision Fund 2 on its lead investment in Whoop’s $200 million Series F financing round, which brings the human performance company’s valuation to $3.6 billion. Lawyers Alex Kassai, Mary Wilbourn and Jack Culbertson led the Cooley team advising SoftBank Vision Fund 2.

IVP, Cavu Ventures, Thursday Ventures and GP Bullhound also participated in the round. Whoop will use the new capital to invest in research and product development, international expansion and membership offerings.

“Whoop continues to experience tremendous user growth as they transform human performance, adding new features and products that are focused on enabling their users to lead healthier lives,” Kristin Bannon, investment director at SoftBank Investment Advisers, said in a news release.

Founded in 2012, Whoop is a personalized 24/7 digital fitness and health coach that helps people unlock their inner potential and make meaningful lifestyle changes via actionable feedback on sleep, recovery and strain. Whoop membership includes free hardware and a platform designed to optimize behavior.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,300 lawyers across 17 offices in the United States, Asia and Europe.

Related Contacts
Alex Kassai Partner Palo Alto
Mary C. Wilbourn Associate Palo Alto
Jack Culbertson Associate Palo Alto
Howard Morse Partner Washington, DC
Sharon Connaughton Special Counsel Washington, DC
Randy Sabett Special Counsel Washington, DC
Maria Jose Cordero Associate Palo Alto
Chris Rhem Paralegal Specialist San Francisco