Whoop, the Boston-based wearable health platform founded by Egyptian-American entrepreneur Will Ahmed, has raised $575 million in Series G funding at a $10.1 billion valuation, with three Gulf investors participating in the round.
The raise was led by Collaborative Fund, with Abu Dhabi's 2PointZero Group, Qatar Investment Authority and Mubadala Investment Company all investing alongside Abbott, Mayo Clinic, Macquarie Capital, Glade Brook, B-Flexion, IVP and others. Individual investors include Cristiano Ronaldo, LeBron James, Rory McIlroy, Virgil van Dijk, Reggie Miller, Lebanese influencer Karen Wazen, Niall Horan and Shane Lowry.
Abu Dhabi-listed 2PointZero, the IHC-backed holding company formed through last year's merger of Multiply Group, 2PointZero and Ghitha Holding, had already acquired an undisclosed stake in Whoop earlier this month through a subsidiary before participating in the Series G alongside QIA and Mubadala.
Gulf sovereign and institutional investors have taken an increasingly visible role in large US tech rounds over the past 18 months, with MGX, QIA, Mubadala and PIF all taking positions across OpenAI, Anthropic and xAI. The Whoop round extends that pattern into health tech.
Ahmed, the son of an Egyptian immigrant father who arrived in the US at 22 and worked his way up in finance, grew up on Long Island and captained the Harvard squash team before founding Whoop as an undergraduate in 2012. He has been expanding the company's presence in the Middle East over the past year and told The National that the UAE "has become one of our most important countries globally," with momentum accelerated through the 2PointZero and Mubadala partnerships.
Whoop now has over 2.5 million members globally, was cash flow positive in 2025 and doubled bookings year on year to a $1.1 billion run rate, according to Bloomberg. Subscriptions grew 103 per cent over the same period. The company has now raised more than $950 million in total and was previously valued at $3.6 billion after a $200 million Series F in 2021.
Whoop plans to open Whoop Labs Doha, its first international research and development facility, later this year. The company is also rolling out initiatives across the UAE and Qatar aimed at embedding its platform within broader health and fitness networks in the region.
"The GCC is one of the most forward-looking regions in the world when it comes to health, performance and longevity," Ahmed said. "We're building real momentum on the ground, expanding our local teams and growing our retail footprint in multiple markets."
Whoop's platform uses continuous biometric monitoring and AI-driven models built on more than 24 billion hours of physiological data to deliver personalised insights across sleep, recovery, strain and longevity. The company says members open the app an average of over eight times per day. Its product suite now includes an FDA-cleared ECG, blood pressure insights and a blood biomarker analysis service. The company plans to hire more than 600 people this year, nearly doubling its current workforce of around 800.
Ahmed said in November that the company was considering an IPO "over a horizon of two years." The fresh $575 million gives Whoop the runway to choose its timing.
