The US-based health platform, which now has a valuation of €8.8bn, is set to expand its Limerick base of 150 people
The new funding round includes investment from Rory McIlroy, Niall Horan and Shane Lowry.
Whoop currently employs 150 people in Limerick.
“Ireland is a natural fit for Whoop,” founder and CEO of Whoop, Will Ahmed, told the Irish Independent.
“There’s a strong culture of performance, sport and innovation that aligns closely with what we’re building. We’re seeing growing adoption across the country. That momentum is being supported by our strong team on the ground, who are helping us scale in the market and around Europe. We’re committed to continuing to invest in Ireland as a key part of our broader European expansion.”
As well as McIlroy, Horan and Lowry, other global high-profile athletes to invest in Whoop include Cristiano Ronaldo, LeBron James and Virgil van Dijk.
“Our raise brings together the world’s most sophisticated investors, leading health institutions and iconic global athletes behind the mission to unlock human performance and healthspan,” Mr Ahmed said.
Whoop founder and CEO Will Ahmed with Niall Horan
Today’s news in 90 Seconds – Tuesday, March 31
“We are building the personal health platform that people use to improve their health and livelihood.”
Mr Ahmed said the company intends to accelerate global expansion and scale its platform as a new standard for “personalised, preventive health”.
He said that Whoop is “building the world’s leading personal health platform, an intelligent, unified system designed to extend healthspan, optimise performance and prevent disease before it begins”.
Whoop was founded in 2012 and is headquartered in Boston. The company has raised more than €785m in venture capital, sells in 56 countries and operates in six languages.
It sells a wearable membership to a band with a 14-day battery life that tracks sleep, recovery, strain, fitness and longevity. Its health platform includes an FDA-cleared ECG feature.
The company recently announced 600 new roles globally as part of its growth plans as it continues to scale internationally.
The company’s Series G funding round was led by Collaborative Fund and includes global participation from 2PointZero Group, Qatar Investment Authority (QIA), Mubadala Investment Company, Abbott, Mayo Clinic, Macquarie Capital (entities administered by Macquarie Capital), Glade Brook, B-Flexion, IVP, Foundry, Accomplice, Affinity Partners, Promus Ventures, and Bullhound Capital alongside a group of prominent global athletes and individual investors.