Oura Ring Raises $200 Million

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; &Omacr;URA&comma; the company behind the smart ring Oura Ring&comma; has completed a &dollar;200 million Series D funding round&period; Fidelity Management &amp&semi; Research Company and Dexcom&comma; the global leader in glucose biosensing&comma; participated in the round&period; The investment raises the company’s valuation to &dollar;5&period;2 billion&period;<&sol;p>&NewLine;<p>This financing reflects &Omacr;URA’s momentum in building and leading the smart ring category and the shared belief among its partners and investors that there are substantial growth opportunities ahead&period; This new capital will enable &Omacr;URA to expand its product offerings&comma; fuel further investment in product&comma; science&comma; and healthcare innovation&comma; including AI&comma; advance global expansion efforts&comma; and explore additional acquisitions to accelerate growth&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As we continue to drive momentum and growth&comma; we are bolstered by the additional support of these investors&comma;” said Tom Hale&comma; &Omacr;URA chief executive officer&period; &OpenCurlyDoubleQuote;We’ve made significant progress in advancing our mission to make health a daily practice and will use this funding to unlock new opportunities&comma; with AI development at the center of our strategy&period; We know that &Omacr;URA has the potential to change lives at scale&comma; and we’re excited to continue leading the market in innovation while pursuing opportunities that extend beyond the ring&period;”<&sol;p>&NewLine;<p>This funding milestone follows a period of marked growth for &Omacr;URA&period; The company recently surpassed 2&period;5 million rings sold and has seen its member base and revenue more than double over the past year&period; This year&comma; &Omacr;URA expanded its retail presence globally with new retail partnerships such as Amazon and Target and grew its commercial business with expanded military partnerships&comma; including the Naval Health Research Center &lpar;NHRC&rpar;&comma; the Air Force&comma; and the Defense Innovation Unit&period; Further&comma; &Omacr;URA recently announced the acquisitions of Sparta Science and Veri&comma; a first-of-its-kind partnership with Medicare Advantage provider Essence Healthcare&comma; and a strategic metabolic-health partnership with Dexcom&period;<&sol;p>&NewLine;<p>Since its founding in 2013&comma; &Omacr;URA has been redefining the future of health wearables&period; The company &ZeroWidthSpace;&ZeroWidthSpace;recently introduced the next-generation Oura Ring 4&comma; which provides an unparalleled degree of accuracy&comma; comfort&comma; and personalization through its breakthrough Smart Sensing technology&period; &Omacr;URA has continued to expand its product capabilities from its core Sleep and Activity pillars to include a broader range of health use cases&comma; including Heart Health&comma; Stress &amp&semi; Resilience&comma; and Women’s Health&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Wearable tech is for anyone who wants to better understand the state of their health and live more optimally&comma; for longer&comma;” said Hale&period; &OpenCurlyDoubleQuote;We’re committed to continuing our relentless pace of innovation and delivering exceptional value to Oura Members&comma; and this new round of funding will enable us to do just that&period;”<&sol;p>&NewLine;