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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Elysian Park, the investment arm of the
Los Angeles Dodgers, is one of the lead investors in fitness ring maker
Oura, Oura said on Tuesday. According to Oura, it raised $100M in its Series C funding round, which was led by The Chernin Group and Elysian Park, and also included Temasek, JAZZ Venture Partners and Eisai, Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures. Oura s rings are used for temperature measurement and other fitness measurement, and are being used by the NBA, WNBA, UFC, NASCAR, and otehrs. The company says it has now raised $148.3M in total.
Photo by IronHeart/Getty Images
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.
ŌURA Health, the company behind the health tech wearable that provides daily personalized sleep and overall health insights, announced its Series C funding round of $100 million. Oura said funds will be used to invest in all areas of its business, including Software and Hardware Development, People, Research & Development, Marketing, and Customer Experience. “These […]