phone and market graph

Friday Fundings: Whoop, Scopely, and FreshToHome



Whoop, the Fitness Tracking Company, Raises $100 Million

Whoop, the fitness tracking company, closed a $100 million Series E funding round. This values the company at $1.2 billion. The round was led by IVP, a venture capital firm. Several high-profile athletes have also invested in the company, including Patrick Mahomes, Rory McIlroy, and Kevin Durant.

Whoop’s wristbands track movement, sleep, and workouts, and its popularity has climbed during the pandemic. More people are exercising alone instead of at gyms or in classes, so they are turning to Whoop for guidance. Additionally, sports leagues have used Whoop bands to monitor athletes for symptoms of COVID-19, which has put the product in the spotlight. Some companies also adopted the bands as a way to monitor employees for COVID-19 symptoms. With the new capital, Whoop plans to grow its membership and make improvements to its software, hardware, and analytics.

Scopely Raises $340 Million Amidst Gaming Boom

Scopely, a mobile game company, just raised $340 million in a Series E funding round from investors including Wellington Management, NewView Capital, and TSG Consumer Partners. The funding round brings Scopely’s valuation to $3.3 billion—nearly double what it was worth earlier this year.

Scopely’s games, including Star Trek: Fleet Command and Marvel Strike Force, have been wildly popular during the pandemic as people look for ways to entertain themselves at home. With its new funding, Scopely plans to acquire more games and expand into new product categories.

FreshToHome Secures $121 Million in Fresh Funding

FreshToHome, an India-based ecommerce company, just raised $121 million in Series C funding led by Investment Corporation of Dubai. FreshToHome specializes in online sales of meat, fish, vegetables, and other fresh produce. The company says its goal is to “Uber-ize farmers and fishermen” by connecting consumers directly to the people providing their food.

FreshToHome offers service in Delhi, Mumbai, Pune, Bengaluru, Hyderabad, and several other Indian cities. During the pandemic, the startup’s popularity has soared as people have been reluctant to shop at meat and vegetable markets in-person. FreshToHome is currently processing about 1.5 million orders each month, compared to 420,000 monthly orders during this period last year.


Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS103003


All your finances.
All in one app.

App Store rating

Download on the App Store Get it on Google Play

ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit SoFi.com. Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.


TLS 1.2 Encrypted
Equal Housing Lender