Oura Raises $100M in Series C
Oura has successfully raised $100M in a Series C at a $2.55B valuation led by The Chernin Group, Forerunner Ventures.
Company Overview
Oura is a HealthTech company headquartered in Oulu, Finland, founded in 2013 with 300+ employees.
Smart ring for health tracking
Fundraising Details
- Amount Raised: $100M
- Round Type: Series C
- Valuation: $2.55B
- Date: 2021-11-10
- Investors: The Chernin Group, Forerunner Ventures
About Oura
Smart ring for health tracking The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Oulu, Finland
- Founded: 2013
- Team Size: 300+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Oura's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Oura's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.55B valuation marks an important milestone for Oura, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Oura is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-11-10. For more information about Oura, visit their headquarters at Oulu, Finland.
