Boston, 31 March 2026 – Bullhound Capital has participated in Whoop’s $575 million Series G at a $10.1 billion valuation, increasing its position in the human performance company. The round was led by Collaborative Fund and includes global participation from 2PointZero Group, Qatar Investment Authority (QIA), Mubadala Investment Company, Abbott, Mayo Clinic, Macquarie Capital, Glade Brook, B-Flexion, IVP, Foundry, Accomplice, Affinity Partners, Promus Ventures and Bullhound Capital, alongside a group of prominent global athletes and individual investors including Cristiano Ronaldo, LeBron James, Rory McIlroy, Reggie Miller, Niall Horan, Karen Wazen, Virgil van Dijk, Mathieu van der Poel and Shane Lowry.

Whoop has grown from a wearable for elite athletes into a continuous health platform with more than 2.5 million members in 56 markets. Bookings grew roughly 103% year over year in 2025, exiting the year at a run rate above $1.1 billion, and the business was operating cash-flow positive for the year. The participation of Abbott and Mayo Clinic reflects the company’s expansion from fitness tracking into clinical-grade health monitoring.

The funding will advance Whoop’s global expansion across Europe, the Gulf, Latin America and Asia, broaden its healthcare and enterprise offerings, and support plans to add more than 600 roles in 2026.

d-Matrix, the pioneer in generative AI inference for data centres, has closed $275 million in Series C funding, valuing the company at $2 billion and bringing the total raised to date to $450 million. The new capital will accelerate global expansion and support large-scale deployments of the world’s highest-performing, most efficient data centre inference platform for hyperscale, enterprise, and sovereign customers.

The oversubscribed round attracted leading investment firms across Europe, North America, Asia, and the Middle East. Co-led by a global consortium of Bullhound Capital, Triatomic Capital, and Temasek, the round also included new participation from the Qatar Investment Authority (QIA) and EDBI, alongside follow-on participation from M12, Microsoft’s Venture Fund, as well as Mirae Assets, Industry Ventures, and Nautilus Venture Partners. 

d-Matrix’s full-stack inference platform combines breakthrough compute-memory integration, high-speed networking, and inference-optimized software to deliver 10× faster performance, 3× lower cost, and 3–5× better energy efficiency than GPU-based systems. Solutions powered by d-Matrix’s Corsair™ inference accelerators, JetStream™ NICs ,and Aviator™ software can produce up to 30K tokens per second at 2ms per token on a Llama 70B model. The platform’s compute-dense design allows customers to run up to 100B-parameter models incredibly fast in a single rack.

This step-change in performance and efficiency directly addresses growing AI sustainability challenges. By enabling one data centre to handle the workload of ten, d-Matrix offers a clear path to reducing global data centre energy consumption while enabling enterprises to deliver cost-efficient, profitable AI services without compromise.

“From day one, d-Matrix has been uniquely focused on inference. When we started d-Matrix six years ago, training was seen as AI’s biggest challenge, but we knew that a new set of challenges would be coming soon,” said Sid Sheth, CEO and Co-founder of d-Matrix. “We predicted that when trained models needed to run continuously at scale, the infrastructure wouldn’t be ready. We’ve spent the last six years building the solution: a fundamentally new architecture that enables AI to operate everywhere, all the time. This funding validates that vision as the industry enters the Age of AI Inference.”

“As the AI industry’s focus shifts from training to large-scale inference, the winners will be those who anticipated this transition early and built for it,” said Per Roman, Founding Partner of Bullhound Capital. “d-Matrix stands out not only for its technical depth but for its clear strategic vision. The team understood before anyone else that inference would define the economics of AI — and they’re executing brilliantly on that insight.”

About d-Matrix
d-Matrix is pioneering accelerated computing for AI inference, breaking through the limits of latency, cost and energy. Its Corsair accelerators, JetStream networking, and Aviator software deliver fast, sustainable AI inference at data centre scale.

About Bullhound Capital
Bullhound Capital is the investment management arm of GP Bullhound, building with founders creating category-leading technology companies. With over €1 billion under management and 25 years of performance, it has invested in global leaders like Spotify, Klarna, Revolut, Slack, Unity, ConnexAI and EcoVadis. Operating from 13 offices worldwide, its platform delivers hands-on, founder-focused support across strategy, growth, and execution. From quantum to entertainment, Bullhound Capital backs global leaders applying Artificial Intelligence to solve real-world problems.

Enquiries
For press inquiries, contact: press@bullhound.com. 

Lingokids was created to address a gap in the children’s learning app market: offering interactive, personalized play and educational experiences instead of passive screen time. Its scientifically validated Playlearning™ approach covers math, literacy, science, and social-emotional learning (SEL), designed to ignite curiosity and imagination in every session.

Ranked the #1 interactive app for kids in downloads across iOS and Android, it has become the trusted destination for kids’ learning and play, combining entertainment, education and innovation to keep children engaged. The company has partnered with leading institutions such as NASA, Stanford scientists, and the World Literacy Foundation to build educational content, while also featuring exclusive collaborations with iconic brands like Pocoyo and Blippi.

The round, which combines equity and go-to-market debt investment, included participation from General Catalyst’s Customer Value Fund, Nextalia Ventures, and other existing investors. This substantial financing will accelerate Lingokids’ expansion of engaging, educational, and guilt-free content for kids, while unlocking the power of AI to dramatically increase the speed and variety of content production.

As part of its growth plan, Lingokids will integrate more beloved third-party brands and characters into its trusted Playlearning™ universe, elevating it into the ultimate digital destination for kids. By scaling and diversifying its content pipeline, Lingokids will deliver increasingly personalized, high-quality learning journeys designed to engage and inspire children worldwide.

“This marks a new era for Lingokids, as we accelerate our mission to pioneer a new way of learning by evolving from a single-IP app into a multi-IP platform,” said Cristóbal Viedma, CEO and founder of Lingokids. “With this funding, we can deliver more personalized, diverse, and high-quality content for kids everywhere, all in a safe environment parents can trust. Gen AI will enable us to scale this vision faster, while every curriculum remains designed and guided by parents and educators.”

“Lingokids stands out among the sea of content resources for children today, providing the only guilt-free screen time in a safe yet entertaining environment,” said Hugh Campbell, Co-founder and Partner at BullhoundCapital. “As supporters of Lingokids’ mission, our continued investment will help the company scale its global platform with engaging and interactive content that kids love and parents trust.”

To further shape the company’s growth, Hugh Campbell has joined the Lingokids Board of Directors.

BullhoundCapital has invested through its Double Down vehicle which supports the best performing assets of the BullhoundCapital portfolio. Other investments include Playtomic, Ravenpack, Connex.AI, HackerOne or MUBI.

About BullhoundCapital
BullhoundCapital is the investment management arm of GP Bullhound, building with founders creating category-leading technology companies. With over €1 billion under management and 25 years of performance, it has invested in global leaders like Spotify, Klarna, Revolut, Slack, Unity, ConnexAI and EcoVadis. Operating from 13 offices worldwide, its platform delivers hands-on, founder-focused support across strategy, growth, and execution. From quantum to entertainment, BullhoundCapital backs global leaders applying Artificial Intelligence to solve real-world problems.

Enquiries
For press inquiries, contact: press@bullhound.com. 

Sanity is a modern content platform designed to empower teams to build, manage, and distribute content across any digital channel. By treating content as structured data, Sanity enables seamless reuse and integration, ensuring consistency and efficiency in content operations .

At its core is Sanity Studio, a customizable, real-time collaborative editing environment built with React. This open-source interface allows developers and content creators to tailor workflows, input components, and editorial experiences to their specific needs .

Complementing the Studio is the Content Lake, a fully managed, cloud-hosted backend that offers a schemaless JSON datastore. It supports real-time data synchronization, enabling instant previews and updates across platforms .

With robust APIs, including GROQ and GraphQL, Sanity facilitates precise content querying and integration with various frontend frameworks and third-party services. This composable architecture allows businesses to adapt quickly to changing requirements without the constraints of traditional CMS solutions .

Sanity’s new platform offers a real-time, structured approach that treats content as reusable data, making it AI-ready, multi-channel friendly, and optimized for developer and marketing velocity. Leading brands including Skims, Puma, RBI, Complex, and AT&T rely on Sanity to accelerate launches, scale operations, and reduce costs.

Magnus Hillestad, CEO and Co-founder of Sanity, said: “We’ve always believed content deserves better infrastructure. The Content Operating System is our answer to years of pain with CMSs, unscalable workflows, siloed systems, and missed opportunities. With this launch, and with Bullhound Capital as our partner, we’re inviting businesses to reimagine content as a growth engine.”

This milestone caps a year of remarkable momentum. In 2024, Sanity exceeded $40 million in annual recurring revenue, onboarded marquee customers such as Nordstrom, Expedia, and Elastic, and expanded its global footprint to support 30,000+ organizations. Sanity now underpins mission-critical content systems across ecommerce, media, SaaS, and enterprise verticals.

Joakim Dal, Partner at Bullhound Capital, commented: “Search is moving from keywords to agents, and Sanity turns every snippet of content into agent‑ready fuel. We’re thrilled to back Magnus and the Sanity team as they launch this essential platform for any user-centric business that wants to stay ahead.”

Proceeds from the Series C will fuel continued product innovation, team expansion, and deeper investment in Sanity’s developer and partner ecosystem. The company is now fully capitalized for its growth journey and does not plan to raise additional funding.

To learn more, read the founder’s blog post

Bullhound Capital invested through GP Bullhound Fund VI, which also includes late-stage ventures such as Q-CTRL, LeoLabs, EcoVadis, CoverManager, Mentimeter, and Sesame HR. The investment was supported by:

  • The LFF 2 Initiative – a partnership between the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF), aimed at financing innovation in Luxembourg.
  • The European Investment Fund (EIF) – with capital from the GFF – EIF Growth Facility, including matching contributions from both the ERP and EIF.

For inquiries, please contact: 
Joakim Dal at joakim.dal@bullhound.com 
Press inquiries: press@gpbullhound.com  

About Bullhound Capital
Bullhound Capital is the investment management arm of GP Bullhound, building with founders creating category-leading technology companies. With over €1 billion under management and 25 years of performance, it has invested in global leaders like Spotify, Klarna, Revolut, Slack, Unity, ConnexAI and EcoVadis. Operating from 13 offices worldwide, its platform delivers hands-on, founder-focused support across strategy, growth, and execution. From quantum to entertainment, Bullhound Capital backs global leaders applying Artificial Intelligence to solve real-world problems.

Welcome to GP Bullhound, Brandon! What excites you most about leading the Enterprise Software practice, and how do you plan to leverage your expertise in Gen AI and emerging technologies to enhance GP Bullhound’s leadership in the software sector?

Thank you! I am a technologist at heart, constantly exploring and building with tools and code in my spare time and staying up to date with the most cutting-edge advancements in AI, which are progressing daily. At GP Bullhound, I’m eager to leverage this enthusiasm and expertise to not only differentiate us from the competition but also provide unique value to our clients by working closely with them to pursue large, transformative private capital raises and M&A opportunities.

I’m genuinely excited to lead the Enterprise Software practice, especially at a time when transformative tech—and particularly Gen AI—is reshaping the business landscape. The software market is constantly evolving, and with Gen AI’s dramatically increasing capabilities, there are always new, scalable ways to drive efficiency, innovation, and shareholder value across virtually every industry.

You’ve advised many Enterprise Software companies. How do you see Gen AI reshaping the Enterprise Software market, and where do you think the biggest opportunities lie for these companies?

Generative AI is transforming the Enterprise Software market, redefining how businesses operate, make decisions, and engage with customers. With advanced capabilities in automation, data analysis, and natural language processing, Gen AI enables deeper insights, streamlined workflows, and highly personalized interactions, creating entirely new business models.

The most immediate opportunities lie in vertical-specific solutions, where Gen AI directly addresses industry-specific needs. In sectors like healthcare, finance, and manufacturing, it can enhance predictive analytics, automate compliance, optimize supply chains, and much more. Companies across all sectors that integrate Gen AI early will set new standards in their industries, gaining a strong competitive edge.

As enterprises become more comfortable with Gen AI, demand will rise for solutions that offer seamless integration, customization, and transparency—driving growth in “AI as a service” and providing software companies with ongoing revenue streams as they adapt to evolving technology.

Given your background in M&A, IPOs, and capital market transactions, what are some key trends you foresee for strategic deals within the Enterprise Software sector in the near future?

Over the next several quarters, AI and Cloud-native solutions are expected to play a significant role in strategic deals in Enterprise Software. Companies need to expand their capabilities in Gen AI, cybersecurity, and data analytics to stay competitive, which is likely to drive a wave of acquisitions targeting companies with specialized, scalable tech.

One key trend I foresee is that many areas of AI functionality are going to wind up coalescing inside existing software platforms. As more people experience what AI can do firsthand, customers will in turn demand more AI-driven features and software companies will look to acquire more agile, innovative firms specializing in these capabilities that can quickly enhance their product portfolios. This trend will especially hold true in vertical-specific software, where companies require highly tailored AI functionalities to serve their customers.

Another major trend is the emphasis on customer experience and personalization, and this is more of an acceleration than something entirely new. As businesses seek to create more meaningful connections with consumers, they increasingly turn to software that leverages AI to deliver highly personalized experiences and predictive insights. I expect to see more strategic deals aimed at acquiring technologies that enable hyper-personalization, real-time analytics, and enhanced user experiences, which are now essential for customer retention and competitive differentiation.

Finally, with the rise in cyber threats—partly due to the potential of Gen AI in the hands of malicious actors—cybersecurity will become an ever more critical focus. I expect strategic deals will increasingly aim to consolidate companies offering advanced cybersecurity solutions, including the latest advancements in, threat detection and response, zero-trust frameworks, and cloud security writ large.

GP Bullhound is known for working closely with innovative Enterprise Software companies. How do you see the firm’s approach aligning with your vision for supporting the next generation of Enterprise = companies?

GP Bullhound’s approach to working with high-growth, innovative companies is an amazing, natural fit with my vision for supporting the next generation of software category leaders. We prioritize long-term partnerships, focusing on deeply understanding each company’s unique strengths, challenges, and growth potential.

Frankly, our technical depth and enthusiasm offer a distinct advantage over our competitors. These qualities are both fundamental to finding the strategic and investment opportunities that will deliver the most meaningful impact for our clients. By helping them identify strategic M&A opportunities or raise capital, we support their sector leadership and sustainable growth. 

By combining GP Bullhound’s drive for innovation and my expertise in Gen AI, we can provide software companies unique, future-oriented perspectives, positioning, and advice. We’re not just helping them grow today; we’re empowering them to shape the future of software.

As we look ahead to 2025, what are your predictions for the biggest technological advancements or shifts that will shape the Enterprise Software landscape?

In 2025, I anticipate that one of the biggest shifts in the Enterprise Software landscape will be the rise of AI agents and agentic workflows, transforming how employees approach their roles. I believe individual employees will increasingly operate with their own “miniature business” composed of multiple AI agents working in tandem to handle repetitive tasks, analyze data, and even make routine decisions. This paradigm shift could enable an efficiency and productivity gain not seen since the industrial revolution.

These AI-driven workflows will empower employees to focus on high-value, creative, and strategic tasks while delegating operational and analytical work to AI agents. For example, sales teams might use AI agents for personalized customer engagement at scale, finance departments could streamline compliance, reporting, and analytics, and HR teams might employ agents to handle onboarding, training, and employee support. The impact of this transformation will span functions and industries, dramatically enhancing efficiency and output.

As a result, companies that invest early in deploying these AI agent ecosystems will see exponential returns as their employees leverage this newfound capacity to innovate and drive value elsewhere in the organization. The companies who lean forward into Gen AI within their operations will play a crucial role in building the frameworks, tools, and integrations that make these agentic workflows seamless and adaptable at scale, enabling any business to harness the full potential of AI-driven productivity.

Learn more about Brandon Overmyer: https://www.gpbullhound.com/team/brandon-overmyer/

Your recent Consumer Subscription Software (CSS) report has sparked a lot of interest. What feedback have you received from the market since its release, and what key points are resonating most?

The concept of the Chief Household Officer (CHO) has really resonated. The idea that one person in the household is increasingly managing everything from finances to meal planning and even youth sports coordination has captured the attention of companies. Businesses are realizing they need to build tailored solutions that cater specifically to this demographic. As more families turn to subscription services for convenience, the CHO is emerging as a central decision-maker in how households consume and organize their digital tools. Companies like Blue Apron for meal planning, Mint for financial management, and TeamSnap for youth sports coordination are prime examples of businesses catering specifically to this demographic by offering tailored solutions.

Were there any findings in the report that prompted unexpected discussions or surprised you?

Yes, the focus on churn management and win-back strategies stood out. What surprised many people is just how effective these strategies can be. For instance, we found that businesses implementing win-back strategies can reduce churn by up to 30%, which is a significant metric for any company looking to improve profitability without spending heavily on new customer acquisition.

Looking ahead to 2025, what trends from the report do you think will most significantly impact the consumer subscription market?

One of the most impactful trends will be the winner-takes-all dynamic. Companies that manage to secure dominance in their niche markets are commanding revenue multiples up to 6x higher than their competitors. This highlights how critical it is for businesses to create strong network effects and deliver premium content to stay ahead. We expect this dynamic to intensify as competition grows in the subscription space.

Based on the feedback so far, are there any areas from the report that you think companies should prioritize as they plan for the year ahead?

A clear area of focus should be on retention and revenue growth strategies. The report shows that public CSS companies have seen their forward revenue multiples rebound from 5.4x to 6.9x between 2022 and 2024. This indicates that businesses prioritizing growth, profitability, and strong retention rates are being rewarded by investors. Companies that exceed the Rule of 40—a key metric where growth plus profit margins exceed 40%—can command EV/revenue multiples of up to 10x, significantly outperforming their peers. The focus should be on finding the right balance between growth and profitability to drive long-term value.

To explore more about GP Bullhound’s insights into the evolving Consumer Subscription Software landscape, including the latest trends and strategies companies can adopt, read the full report here: Consumer Subscription Software 2024: Enhancing Everyday Life.

LeoLabs is transforming the way satellite operators, commercial enterprises and federal agencies across the world launch and track missions in low Earth orbit. Through its vertically integrated technology system, Vertex™, LeoLabs delivers the superior information needed to succeed in today’s space race. With unmatched LEO coverage, real-time tracking and powerful insights, companies and governments rely on LeoLabs to safely innovate and execute a wide array of operations in space. 

Established in 2016 and rooted in years of research at the Stanford Research Institute, LeoLabs has risen to prominence in the space industry by providing the core software infrastructure for space operations. Its proprietary, global network of radars and advanced analytics enables LeoLabs to capture and apply insights to the most accurate and highest fidelity data of the tens of thousands of objects in low Earth orbit  (LEO).

Low Earth orbit (LEO) is the centre of activity in the second Space Race, and it is only just beginning. Using its proliferated global radar network, including 6 sites and 10 radars, LeoLabs monitors more than 20,000 objects in space, including over 7,000 satellites in LEO, which holds 90% of all satellites orbiting Earth. Yet, the rapid acceleration of commercial development in the sector suggests a significant increase in the number of satellites in the coming years, with projections ranging from 27,000 to as high as 100,000 by 2030.

For more information, please visit www.leolabs.space

Established in 2016 and rooted in years of research at the Stanford Research Institute, LeoLabs has risen to prominence in the space industry by providing the core software infrastructure for space operations. Its proprietary, global network of radars and advanced analytics enables LeoLabs to capture and apply insights to the most accurate and highest fidelity data of the tens of thousands of objects in low Earth orbit  (LEO).

“We all benefit from the growth of space-based activities, but this growth is not without its challenges” said retired NASA astronaut Ed Lu, CTO and Cofounder of LeoLabs. “As launches become more frequent and orbits more congested, the threat from space debris and anomalous activities increases. To ensure space remains safe, secure, and sustainable, LeoLabs supplies the data necessary for mission success and the insights required for mission security. This investment by GP Bullhound speaks to the importance of this endeavour and the value of LeoLabs’ capabilities.”

Low Earth orbit (LEO) is the centre of activity in the second Space Race, and it is only just beginning. Using its proliferated global radar network, including 6 sites and 10 radars, LeoLabs monitors more than 20,000 objects in space, including over 7,000 satellites in LEO, which holds 90% of all satellites orbiting Earth. Yet, the rapid acceleration of commercial development in the sector suggests a significant increase in the number of satellites in the coming years, with projections up to as high as 100,000 by 2030. 

“The unprecedented growth of traffic in low Earth orbit (LEO) has put space operations in jeopardy. Fortunately, we saw this coming,” said Dan Ceperley, CEO and Cofounder of LeoLabs. “LeoLabs has built the world’s largest commercially owned catalogue of objects in LEO and developed a responsive layer of artificial intelligence algorithms to turn that real-time data into critical insights. Customers, including commercial operators and the US and allied governments, rely on us to safely execute and continuously monitor space operations. This investment, led by GP Bullhound, enables us to bolster our data architecture and system software  as we continue to serve the space sector in an emerging era of tens of thousands of satellites.”

The company serves a wide range of commercial entities, including SpaceX, OneWeb, and Planet Labs, as well as governmental entities such as the U.S. Department of Defense, the Japan Air Self Defense Force, and the New Zealand Space Agency, among others.

“Space is becoming one of the key growth areas of this decade and beyond” said Per Roman, Managing Partner at GP Bullhound. “LeoLabs is already the category leader at tracking this data in its extreme complexity – a position we find unique and attractive. We are also deeply concerned that if humanity’s space expansion is not monitored and managed in a fair and equitable way we may end up with environmental challenges in space that can harm life on our planet and therefore see LeoLabs as another key investment in our ESG theme alongside Ecovadis.”

In the face of exponential growth in the global space sector, the investment aims to bolster LeoLabs’ operational capabilities, enabling the company to further expand its comprehensive suite of satellite tracking and monitoring services, and underlining GP Bullhound’s continued commitment to supporting sustainable technologies.

“LeoLabs combine the unique benefits of having a strong first mover advantage and a compounding competitive positioning being light-years ahead of their direct competition. On top of that, what’s truly unique about LeoLabs is that they control the data – making them the best positioned commercial player to build out proprietary AI tools for satellite operators.” Hampus Hellermark, Investment Principal at GP Bullhound.

The funding round also includes contributions from Insight Partners, 1941, Velvet Sea Ventures, Space Capital, and the AngelList Syndicate, powering LeoLabs’ mission and vision for a safe, secure, and sustainable future in space.

GP Bullhound invested through Fund VI. Other recent software investments include EcoVadis and CoverManager.

Enquiries
For enquiries, please contact:
Hampus Hellermark, Principal, at hampus.hellermark@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders.  Founded in 1999, with a global team of 150+ employees, the firm now has 14 offices across key hubs such as London, San Francisco, New York, and Paris. For more information, please visit www.gpbullhound.com. 

About LeoLabs
LeoLabs, Inc., founded in 2016 and based in the San Francisco Bay Area, is a company dedicated to providing the core software infrastructure for space operations. Through a proprietary network of radars across the globe, LeoLabs delivers highly accurate and reliable LEO data services and analytics to help navigate the rapidly growing space industry.

This report was drafted almost entirely by OpenAI’s ChatGPT to demonstrate the capability of the platform. The structure and key topics were decided by GP Bullhound, and specific prompts were created for ChatGPT with the outputs being stitched together to create the report. Italicized text indicates areas where human additions or revisions were made.

As a leading technology advisor and investor, it is both our desire and responsibility to carefully analyze the potential impacts of recent developments on the global economy and the organizations that comprise it. In this research report, we will explore the latest developments in AI technology, discuss how businesses today deploy/monetize it, provide insights and recommendations for businesses and investors looking to capitalize, assess potential risks and rewards of investing in AI-related businesses and industries, and discuss the main players in the landscape for this exciting and transformative technology. 

Enquiries
For enquiries, please contact:
Eric Crowley, Partner, at eric.crowley@gpbullhound.com
Adam Segall, Analyst, at adam.segall@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 13 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.