Oura Health, the health tech company behind Oura Ring, has completed a Series C funding round totaling $100 million.
The round was led by Chernin Group and Elysian Park, the investment arm of the L.A. Dodgers, and included new investors Temasek, JAZZ Venture Partners and Eisai. Returning backers Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures also participated in the round.
Launched out of Finland by founders Petteri Lahtela, Kari Kivel and Markku Koskela, Oura rolled out its sleep tracking smart ring in 2015. The company, which has its U.S. headquarters in San Francisco, has raised $148.3 million to date. The funding will support R&D (both hardware and software development) and hiring, including additional marketing and customer experience.
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Oura Health, the health tech company behind Oura Ring, has completed a Series C funding round totaling $100 million.
The round was led by the Chernin Group and Elysian Park, the investment arm of the L.A. Dodgers, and included new investors Temasek, JAZZ Venture Partners and Eisai. Returning backers Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures also participated in the round.
Oura has raised $148.3 million in lifetime fundings after completing rounds in 2016, 2018 and 2020.
WHAT IT DOES
Oura Ring is designed to be worn day and night to track the wearer’s health data at all times. In the day, it records activity, steps, calories and naps, and at night the ring measures heart rate, heart rate variability, body temperature and sleep.
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SXSW Online Announces Finalists for 2021 Pitch Competition
Thirteenth Annual Competition Goes Virtual, 40 Innovative Tech Startups From Around the World Showcase
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AUSTIN, Texas, Feb. 16, 2021 /PRNewswire/
South by Southwest® (SXSW®) Conference and Festivals today announced the finalists for the 13th annual
SXSW Pitch event, taking place virtually on March 17-18 as part of the SXSW Online digital experience. This competition takes place during SXSW Online 2021, with 40 startups chosen to compete based on the technological innovation brought to their fields. One winner will be selected from each of the eight categories, with the most promising project receiving the Best In Show award.