Overview

• Oura is raising about $875 million in a Series E round valuing the company near $10.9–$11 billion, with the deal expected to close by month’s end, according to multiple reports.
• The company also obtained a $250 million revolving credit facility from Bank of America, Wells Fargo, JPMorgan, Goldman Sachs, Citigroup and Barclays.
• Total Oura Ring sales have surpassed 5.5 million, rising by roughly 3 million in the past year as retail distribution expanded.
• Revenue reached about $500 million in 2024 and the company says it is on track to exceed $1 billion in 2025, with subscriptions contributing roughly 20% of sales.
• Capital will fund a manufacturing ramp, international expansion and product development such as Dexcom glucose data integration, as Oura faces new rivals and serves the U.S. military as its largest business customer.