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Alex Cooper’s Unwell Is Now Worth $500 Million After First Outside Investment

The undisclosed investment gives Unwell fresh growth capital as the company says it remains profitable and keeps majority control with its founders.

  • Patrick Whitesell's investment firm WTSL has acquired a stake in media company Unwell, valuing the business at $500 million in its first outside investment since the company's 2023 founding by Alex Cooper and Matt Kaplan.
  • Unwell targets Gen Z women, with 89% of its audience female and 72% aged 18 to 35. Cooper noted that 'trust has become the ultimate distribution channel' for reaching this demographic.
  • Beyond capital, WTSL brings industry relationships including Peyton Manning's Omaha Productions. Cooper stated Unwell is 'scaling on all fronts' with WTSL backing to accelerate platform growth through acquisitions and investments.
  • The funding announcement follows reports alleging a toxic work environment at Unwell under Kaplan. In June, Cooper dismissed the allegations, stating 'don't believe everything that you read on the internet.'
  • Beyond podcasting, Unwell has expanded into live events and television projects including the 'Hannah Montana 20th Anniversary Special,' with the company claiming nearly 100 million followers across all platforms.
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Variety broke the news in Los Angeles, United States on Wednesday, August 12, 2026.
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