Funding round
Oura Series D
Oura, which works in wearable health device manufacturing in Oulu, raised $200M in a Series D round announced on 19 Dec 2024, led by Fidelity Management & Research Company and Dexcom, at a $5.20B post-money valuation. 3 firms took part. It is Oura's sixth venture round on record; the one before was a Series C in May 2021.
$200M
Amount raised
$5.20B
Post-money valuation
$5.00B pre-money
3
Investors
2 leads
3.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Oura at $5.20B after the new money. The $200M bought investors about 3.8% of the company. It came 43 months after Oura's Series C. It is 16% of the $1.21B Oura has raised in the venture rounds on record. Oura raised again 9 months later: a Series E round of $875M in Sep 2025, at $11.00B post-money.
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 17 Mar 2020 $28M
- Series C 4 May 2021, led by The Chernin Group and Elysian Park $100M
- Series D this round 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
Fidelity Management & Research Company and Dexcom led the round with 1 other firm.
Lead investors
- Fidelity Management & Research Company new investor
- Dexcom new investor
Also in the round
- Fidelity Management
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
31 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $45M, and this round was 4.4 times the median. The closest in time, other companies' Series D rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 4 Dec 2024 | $32M | not disclosed | Thermo Fisher Scientific Inc. |
| Medical Supply Manufacturers | 16 Jan 2025 | $37M | not disclosed | Evidity Health Capital |
| Medical Supply Manufacturers | 13 Jan 2025 | $22M | not disclosed | not named |
| Medical Supply Manufacturers | 10 Oct 2024 | $100M | not disclosed | Sands Capital |
| Medical Supply Manufacturers | 5 Mar 2025 | $175M | not disclosed | Boston Scientific Corporation |
| Medical Supply Manufacturers | 9 Sep 2024 | $53M | not disclosed | TVM Capital Life Science and Yonjin Ventures |
| Medical Supply Manufacturers | 15 Aug 2024 | $102M | not disclosed | Alpha Wave Global |
| Medical Supply Manufacturers | 24 Apr 2025 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Oura raise in its Series D round?
Oura raised $200M in its Series D round, announced in Dec 2024.
Who led Oura's Series D round?
Fidelity Management & Research Company and Dexcom led it, with Fidelity Management.
What was Oura's valuation at the Series D round?
$5.20B post-money ($5.00B pre-money).
How does it compare with other Series D rounds in Medical Supply Manufacturers?
31 Series D rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $45M, and this round was 4.4 times the median.
Did Oura raise again after this round?
Yes: a Series E round in Sep 2025 of $875M at $11.00B post-money.