Oura raises $100 million

Fitness ring maker Oura Health announced a $100 million Series C round led by The Chernin Group and Elysian Park (the Dodgers’ investment arm), with participation from new investors Temasek, JAZZ Venture Partners and Eisai, and existing investors Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures. In total, the Finnish startup raised ~$148 million.

Since launching, Oura sold over 500,000 rings and during the pandemic a number of major leagues have adopted the ring, including the NBA, WNBA, UFC and NASCAR. The ring is capable of tracking different elements such as calories, steps, sleep, heart rate, and body temperature, and it has a battery life of 5-7 days.

“This year has shined a spotlight on gaps in our healthcare industry, and the increasing need for each of us to take control over our own health. Oura is emerging as the trusted leader and community in the space by empowering people with personalized data that provides actionable insights for health improvement. The awareness of the importance of sleep on every aspect of life and health is just beginning to hit an inflection point; and, with Oura, people can gain meaningful understanding and guidance around their sleep, activity, and overall well-being in a way that makes managing health an integral, achievable part of our daily lives.” – Eurie Kim, managing director Forerunner Ventures.