Oura Health Oy

Based in Finland, Oura Health Oy specializes in health technology, offering innovative solutions for wellness tracking through their smart ring products. Oura Health Oy, founded in 2013 in Oulu, Finland, develops advanced health monitoring solutions, primarily through its Oura Ring. The company was co-founded by Ashley Colley, Kari Kivelä, Karin Remesch, Petteri Lahtela, and Virpi Tuomivaara. The latest funding round, Series E, raised USD 900.

00 mn, led by Fidelity Investments, and has increased their total funding to USD 900. 00 mn, valuing the company at USD 11,000. 00 mn. Oura Health Oy’s primary product is the Oura Ring, a smart ring designed to track various health metrics such as fitness, sleep quality, and stress levels.

The Oura Ring incorporates advanced biometric sensors to offer insights into over 20 health metrics, supporting users in monitoring their health continuously. The latest model, Oura Ring 4, targets health-conscious individuals and fitness enthusiasts, with a growing presence in North America, Europe, and parts of Asia. In the most recent year 2024, Oura Health Oy reported revenue of USD 398,506,247. 20 and an EBITDA of USD 39,970,339.

90. The company generates revenue primarily through direct sales of the Oura Ring and associated premium membership services, which provide enhanced features and insights, with the Oura Ring priced starting at USD 349 and the ceramic variant at USD 499. Oura Health Oy plans to leverage its recent funding to explore new product designs and expansions into new markets. The company aims to introduce innovative health tracking features with upcoming products, while also targeting growth in regions like Asia by 2025.

The new venture funding received from Robinhood Ventures will support these initiatives, enhancing their capacity for product development and market penetration.