Oura Completed a $28 Million Series B Funding

Oura, health-tech

writer icon Tormod Birch     Oura   |   Startups     🕐 23. Mar. 2020

The Finnish healthTech startup Oura announced the completion of their series B capital investment round totalling $28 million.

The health-improving startup produces health-tracking rings which are connected to an app where the user can keep track of their sleep patterns, though constant measuring of the user's blood volume and pulse.

Oura has sold 150 000 rings to date.

The startup was founded in 2013 by Kari Kivelä and Petteri Lahtela and led by CEO Harpreet Singh Rai.

Today they are based out of Oulu in Finland.

The Capital Investment
The money was provided by US-based investors, including Forerunner Ventures, Gradient Ventures and payment company Square.

"The funds we’ve raised will be used to help grow the Oura team by hiring talent that can help further our commitment to helping people live healthier lives starting with better sleep," said Harpreet Singh Rai, CEO of Oura.

Professor Matthew Walker
Meanwhile, the American Professor and Neuroscientist Matthew Walker will be joining Oura as their new Chief Science Advisor.

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