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Whoop Raises $25 Million Series C For Elite Exercise Optimization

Morning Report:ÌýAthleteÌýexercise tracking wearable company Whoop raised a $25 million Series C for global expansion.

Exercise tracking company raised a led by along with investments by the, , and Twitter executive . Previous investors also participated in the Series C including and .

Whoop sells wearables primarily marketed for high performance athletes looking to optimize their athletic regimen. It sells both individual consumer bands for $500 dollars and offers an for college and professional teams at $100 dollars per athlete per month for enhanced analytics and performance management. The during sleep so as to provide athletes information about their body during and after strain and recovery.

Professional athletes ranging from tennis players to Major League Baseball teams have used the performance tracking sports band. According to its website, the company was named the official recovery wearable of the NFL Players Association (NFLPA) last April and has been and .

The company previously raised in September 2015 by Two Sigma Ventures, as well as a by NextView Ventures and others in 2014 and a round in July 2013. This latest round brings its total known funding to $49.8 million according to Crunchbase. According to , the company will be using the funding to accelerate its global expansion and has brought Puma’s Antonio Bertone as CMO along with other executive changes.

iStockPhoto / filadendronÌý

From TheÌý:

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  • San Francisco-based , a provider of an online education platform for employees to learn new skills, has raised $42 million in a financing led by Owl Ventures and Jump Capital.

  • Vroom is hitting the brakes. The company, which operates an online platform for buying and selling used cars, has reportedly closed two major locations and laid off at least 25 percent of its staff. New York-based Ìýpreviously raised more than $300 million in venture funding.

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

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