Zawya: Gulf sovereign wealth funds Mubadala and Qatar Investment Authority (QIA) have invested in WHOOP, an American wellness firm that seeks to extend human healthspan and prevent disease through its wearable device. 

The two entities joined other investors in the recent $575 million Series G funding that brought the company’s valuation to $10.1 billion.

The investors include Abu Dhabi-based 2PointZero Group, as well as Collaborative Fund, which led the funding round, Abbott, Mayo Clinic and Macquarie Capital, alongside popular athletes including Cristiano Ronaldo and Rory Mcllroy.

Proceeds from the funding round will support expansion in the US, Europe, the GCC, Latin America and Asia.

WHOOP operates an app that helps people live healthier and longer lives. Those who sign up for it can track their health in real time through a 24/7 wearable health device or fitness band that provides guidance across sleep, recovery, strain, fitness and longevity.

QIA said its investment is in line with its strategy to support tech-enabled firms that are making an impact in various industries, including the future of personalised and preventive healthcare.