Oura’s smart ring is preparing for an IPO, with a valuation of 100 billion
Summary
Oura Health has reportedly filed confidentially for an IPO and may seek up to $3 billion from the offering. The company has grown from a Finnish startup into a global smart-ring leader with more than 5.5 million units sold and a recurring subscription business. It has raised large rounds from investors including Fidelity, ICONIQ, Dexcom, and other major backers, pushing its valuation to roughly $11 billion before the IPO. The article also describes intensifying competition in the smart-ring market and Oura’s patent disputes with rivals. The piece frames Oura as a health-focused wearables company moving closer to public markets.
Funding
Amount
$2.3M
Total raised
Date
January 1, 2015
Announcement date
Investors
ICONIQ Capital, Dexcom, Lifeline Ventures, Whale Rock Capital Management, Fidelity Labs, Atreides Management
Lead investors
Company
ouraring.com
Funded company
AskAI Classifications
Sectors
HealthTech
General Healthcare software
Functions
Business Intelligence and Analytics
General BI
Linked Companies
Ouraring
$50M to $100M