Whoop raises $575 million at a $10 billion valuation on its way to an IPO

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Whoop, the maker of popular screenless fitness bands, is now valued at $10.1 billion after raising an additional $575 million, a new milestone on its way to an initial public offering. The Series G round was led by Collaborative Fund, with participation from investors including Qatar Investment Authority, Mubadala Investment Co, Abbott Laboratories and GP Bullhound.