Oura Health Oy
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Oura Health Oy - overview
Established
2013
Location
Oulu, -, Finland
Primary Industry
Healthcare IT
About
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.
Current Investors
Siena Secondary Fund, Lifeline Ventures, Finnish Funding Agency for Technology and Innovation
Primary Industry
Healthcare IT
Sub Industries
Fitness & Wellness Facilities, Healthcare IT
Website
www.ouraring.com
Verticals
Artificial Intelligence, E-commerce, HealthTech, Mobile Apps, Wearables & Quantified Self
Company Stage
Mature
Total Amount Raised
Subscriber access only
Oura Health Oy - timeline of key events
Oura Health Oy - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,225.6 | 4,286.1 | 8,001.3 | 1,070,144.7 | 1,570,752.5 | 7,653,621.1 | 26,732,472.8 | 57,748,293 | 96,613,767.3 | 100,851,589.6 | - | - | - |
| % Revenue Growth (YoY) | - | (61.8%) | 86.7% | 13274.6% | 46.8% | 387.3% | 249.3% | 116.0% | 67.3% | - | - | - | - |
| EBITDA (USD) | (44,814.5) | (226,834.2) | (1,314,709.9) | (1,676,330.8) | (1,933,123.8) | (4,278,017.2) | (969,301.9) | 3,107,703.1 | (76,554,227.6) | (51,291,305.4) | - | - | - |
| Operating Income (USD) | (44,814.5) | (227,698.2) | (1,725,795.8) | (2,347,650) | (2,081,904.7) | (4,526,803.6) | (1,421,317) | 1,852,043.4 | (77,045,958.6) | (51,802,570.4) | - | - | - |
| Operating Margin | (399.2%) | (5312.5%) | (21568.9%) | (219.4%) | (132.5%) | (59.1%) | (5.3%) | 3.2% | (79.7%) | (51.4%) | - | - | - |
| % EBITDA Margin | (399.2%) | (5292.3%) | (16431.2%) | (156.6%) | (123.1%) | (55.9%) | (3.6%) | 5.4% | (79.2%) | (50.9%) | - | - | - |
| NET Income (USD) | (45,640.7) | (238,510.7) | (1,750,095.4) | (2,411,985.8) | (2,205,461.1) | (5,930,270.4) | (1,864,364.5) | 297,116.4 | (75,261,025.4) | (53,543,900.2) | - | - | - |
| % Net Margin | (406.6%) | (5564.7%) | (21872.6%) | (225.4%) | (140.4%) | (77.5%) | (7.0%) | 0.5% | (77.9%) | (53.1%) | - | - | - |
Oura Health Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Sparta Software Corporation | - | ||||||||
| Add-on, Trade Sale | Completed | Veri | - | ||||||||
| Secondary Buyout | Completed | Oura Health Oy | - |
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Oura Health Oy - employee data
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