Dear WHOOP Members,
On behalf of our team at WHOOP, I am excited to share that WHOOP has raised $200 million in new funding. WHOOP as a company is now valued at $3.6 billion.
This new capital is all about enhancing the WHOOP membership and supporting you. Over the course of the coming months, we plan to deploy this funding to develop new technology and features, hire great talent, grow internationally, and expand our reach.
WHOOP as a product is designed to keep pushing you. It seems appropriate then that WHOOP as a business model is designed to keep pushing us, the WHOOP team. As a subscription we feel a deep responsibility to be constantly upgrading the product every week, month, year to deliver value to you.
With this new capital, we will accelerate efforts to release new features and analytics to your membership experience. In just the past months, we’ve released new features such as team chat, on-demand and in-app membership services features, menstrual cycle coaching, levels and onboarding, and AMAs with top athletes and experts. I can tell you that the new features in our pipeline are just as good and, in some cases, even more impactful.
In order to keep building and researching at a breakneck pace, we are going to be growing our team dramatically. In the last 18 months, we grew from 100 full-time employees to over 500. This is just the beginning. We’re planning to grow to over 1,000 by the end of 2022. If you’re reading this and thinking WHOOP might be the right place to grow your career, please check out our Careers page.
WHOOP will become more accessible around the world and expand in countries throughout Europe, Asia, and beyond. We know that there are many of you around the world who are interested in joining the WHOOP community but haven’t been able to yet. We’re going to change that.
WHOOP Live is our broadcast initiative that integrates WHOOP data – real-time physiological metrics – into live sporting events around the world.
WHOOP Live has already enabled fans to experience sports in a new way. Examples include:
Very cool to see the debut of #WhoopLive on the broadcast this week with my heart rate data in real time while I play.
My friend @willahmed and the entire team continue to do amazing things at @whoop. pic.twitter.com/HNvBS8aOF9
— Rory McIlroy (@McIlroyRory) May 7, 2021
I can promise you will see WHOOP data on more and more sports broadcasts in the coming year.
I want to thank you all for being WHOOP members. I started WHOOP in a dorm room as a college kid. For many years building WHOOP was hard, lonely, and even painful. In the early days we didn’t know if what we wanted to build was even possible. What always pulled me through were the encouraging stories from WHOOP members and a deep sense that the technology we were building really mattered.
I now see WHOOP almost everywhere I go. I’ve met WHOOP members around the world. You send me stories about your data and your lifestyle transformations. We even commiserate together over missing our Sleep Need! Many of you have said that WHOOP changed your life. That motivates me.
Last week, I told the WHOOP team that this new injection of capital requires both a heavy dose of humility and the same sense of urgency and tenacity that got us here. We will face off head-to-head with the largest and most valuable technology companies in the world–some of which have no qualms copying us very directly. We will engage in highly ambitious research and development and release products for you on the cutting edge of health monitoring.
We are grateful for the opportunity to take on these new challenges. I ask that you keep sharing your stories with us and holding us accountable to our shared mission: To unlock human performance.