Funding round
Oura Series B
Oura, which works in wearable health device manufacturing in Oulu, raised $28M in a Series B round announced on 17 Mar 2020. 3 firms took part. It is Oura's fourth venture round on record; the one before was a Series A in Nov 2016.
$28M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Oura did not disclose a valuation in this round. It came 40 months after Oura's Series A. It is 2.3% of the $1.21B Oura has raised in the venture rounds on record. Oura raised again 14 months later: a Series C round of $100M in May 2021. Its next priced round, a Series D in Dec 2024, valued it at $5.20B.
Oura's funding rounds
Oura has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Jan 2013 $2.3M
- Seed 11 Nov 2015, led by Lifeline Ventures $2.3M
- Series A 30 Nov 2016 $5.3M
- Series B this round 17 Mar 2020 $28M
- Series C 4 May 2021, led by The Chernin Group and Elysian Park $100M
- Series D 19 Dec 2024, led by Fidelity Management & Research Company and Dexcom $200M$5.20B post-money
- Debt not a venture round 22 Sep 2025 $250M
- Series E 22 Sep 2025 $875M$11.00B post-money
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- backs 99 venture-backed companies new investor
- backs 141 venture-backed companies new investor
- Square new investor
Joined the board: Eurie Kim (Forerunner Ventures), Jesse Dorogusker (Square), Anna Patterson (Gradient Ventures) and Dr. Matthew Walker.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
55 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $18M, and this round was 1.6 times the median. The closest in time, other companies' Series B rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 25 Feb 2020 | $35M | not disclosed | Cormorant Asset Management |
| Medical Supply Manufacturers | 25 Feb 2020 | $31M | not disclosed | Xeraya Capital |
| Medical Supply Manufacturers | 25 Feb 2020 | $18M | not disclosed | not named |
| Medical Supply Manufacturers | 28 Apr 2020 | $16M | not disclosed | OTV |
| Medical Supply Manufacturers | 24 Feb 2020 | $8.0M | not disclosed | not named |
| Medical Supply Manufacturers | 30 Apr 2020 | $479K | not disclosed | not named |
| Medical Supply Manufacturers | 8 Jan 2020 | $20M | not disclosed | Bluestem |
| Medical Supply Manufacturers | 14 May 2020 | $14M | not disclosed | Intel Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Oura raise in its Series B round?
Oura raised $28M in its Series B round, announced in Mar 2020.
Which investors took part in Oura's Series B round?
Forerunner, Gradient and Square.
What was Oura's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Medical Supply Manufacturers?
55 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $18M, and this round was 1.6 times the median.
Did Oura raise again after this round?
Yes: a Series C round in May 2021 of $100M.