A subsidiary of Abu Dhabi-listed 2PointZero Group PJSC has acquired an undisclosed stake in the US-based health technology company, Whoop, Inc., marking another significant investment by a UAE entity into the global tech landscape. Financial details of the strategic acquisition have not been publicly disclosed.
Abu Dhabi Deepens US Health Tech Ties
The investment signals a continued interest from major Abu Dhabi-based holding companies in high-growth international technology firms. By taking a position in Whoop, 2PointZero is tapping into the rapidly expanding wearable and personalized health monitoring market. This move aligns with the UAE’s broader strategy of diversifying its investment portfolio and fostering innovation in key sectors like healthcare technology.
A Glimpse Into Whoop’s Growth
Founded in 2005, Whoop has established itself as a leader in the wearable tech space with its subscription-based platform that provides users with advanced health and fitness analytics. The company has successfully raised over $400 million since its launch, attracting capital from prominent global investors including SoftBank Vision Fund, IVP, and GP Bullhound.
Investment Follows Strong Financial Performance
This acquisition comes on the heels of a strong financial year for 2PointZero Group. The company recently announced its FY 2025 results, reporting a remarkable 311% surge in revenue and a group net profit of AED 3.6 billion ($980.25 million). This robust performance, which followed a major merger, underscores the group’s significant capital resources and ambitious growth strategy.
About 2PointZero Group
Backed by the International Holding Company (IHC), 2PointZero Group PJSC is a major Abu Dhabi-based investment holding company. It was established through the merger of 2PointZero, Multiply Group, and Ghitha Holding. The group holds a diversified portfolio of scalable assets across various sectors, including energy, mining, and financial services.
Source: Zawya
