Series F Funding Round Sees Whoop Raise $200m
Whoop is now valued at a staggering $3.6billion based on the details of an investment of $200m by Japan-based Softbank Vision.
The company plans to use the funds to expand into new geographic markets (Australia, France, Germany, Spain and probably Japan), to further invest in R&D, membership offerings and, interestingly, to make acquisitions. That raises the question, “Who should Whoop buy?“. Answers below, please!
Must Read: Detailed Whoop Review
Should Whoop Buy Polar?
Whoop will already have been undertaking R&D to improve the existing sensor which is now several years old. Even though the current version is named 3.0, my understanding is that the sensor module is essentially unchanged from the original.
I appreciate I will get comments below about the accuracy of the Whoop sensor when worn on the wrist! However, it does produce reasonably accurate load data when worn on the upper arm and that is based on HR Zones. The raw accuracy of RR-beats (HRV) at rest, like most oHRMs is probably reasonable and this is where Whoop’s stress measurements come from. Indeed HRV accuracy is also derived from the ability of the algorithms to dial out noise rather than simply the ability to produce good HR tracks. Clearly, there are products that do the latter better than Whoop and the sensor in the Apple Watch 6 is the best in my experience…yep, better than Garmin!
Anyway, we’d all agree that Whoop 4.0 is overdue.
Polar Electro is a privately held company with a turnover of $177m (2019). Let’s take revenue as a proxy for a valuation and add a bit. So Maybe Polar is worth $200m. Considering that Whoop claims to still have funds left from their previous Funding round, they could perhaps buy Polar tomorrow as they have just banked $200m.
Overnight Whoop would get access to superior HR-related technology (Precision Prime and Verity Sense/OH1), oodles of complementary technology, the means of production and a great European distribution network (it’s less good elsewhere). I see a lot of complementarities between Whoop and Polar, indeed Whoop’s marketing is different from most tech companies, it’s based on celebrity investment/endorsement and it seems to have worked! Perhaps that kind of marketing would further boost the sales Polar’s sports and fitness offerings?
How would you spend $200m?