Overview

• The Series E would value the Finnish wearable maker around $10.9 billion, roughly double its late-2024 valuation, according to reporting.
• The round is expected to close by the end of the month and could exceed $900 million, according to people familiar with the deal.
• Oura also secured a $250 million revolving credit line with a consortium of major banks including Bank of America, JPMorgan and Goldman Sachs.
• The company says it has sold 5.5 million rings to date and is on track for more than $1 billion in 2025 revenue after $500 million in 2024.
• Growth drivers include expansion to 4,000 retail locations and launches in markets such as Japan and Germany, plus a roadmap targeting annual ring updates and a new Dexcom data integration.