Oura announced a $100 million Series C led by The Chernin Group and Elysian Park.

Finland Estonia United States Japan Singapore 03 May 2021
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Oura, an Oulu, Finland-based health startup operating a business based on a wellness-tracking ring and app, announced securing the series C capital round at $100 million.

The money was raised from investors led by The Chernin Group and Elysian Park (the Dodgers’ investment arm), joined by new investors includng Temasek, JAZZ Venture Partners and Eisai. Existing shareholders Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures also contributed to the round.

Oura, founded in 2013 by Kari Kivelä and Petteri Lahtela and led by CEO Harpreet Singh Rai, developed a business based on a smart ring and app delivering insights to inform sleep and health habits, giving users daily feedback to improve their health and to better understand their bodies. The company says it sold 500,000 rings to date.

Oura previously raised $28 million Series B funding in 2020, from a total of almost $50 million provided by professional investors.

Total investments received (USD): 347.68M

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