Oura Well being Oy, the maker of the Oura well being and health ring, is elevating $875 million in a brand new Sequence E financing spherical valuing it round $10.9 billion, based on a brand new report from Bloomberg.
The spherical, which is predicted to shut by the top of the month, would double the corporate’s $5 billion valuation from its Sequence D spherical introduced final December. The report notes that the Sequence E spherical might nonetheless exceed $900 million.
Oura has bought 5.5 million rings up to now, a notable improve from the two.5 million reported in June 2024. The corporate is predicted to generate greater than $1 billion in income this yr, doubling the $500 million it made in 2024. As for 2026, the corporate forecasts gross sales to exceed $1.5 billion.
The corporate plans to make use of the brand new funding to scale manufacturing, additional develop internationally, and put money into product growth.
Bloomberg notes that the corporate’s current development has been pushed by feminine shoppers, retail retailer gross sales, purchases made by well being financial savings accounts, and enlargement into worldwide markets.
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