Oura Health Oy, the maker of the Oura health and fitness ring, is raising $875 million in a new Series E financing round valuing it around $10.9 billion, according to a new report from Bloomberg .

The round, which is expected to close by the end of the month, would double the company’s $5 billion valuation from its Series D round announced last December . The report notes that the Series E round could still exceed $900 million.

Oura has sold 5.5 million rings to date, a notable increase from the 2.5 million reported in June 2024. The company is expected to generate more than $1 billion in revenue this year, doubling the $500 million it made in 2024. As for 2026, the company forecasts sales to exceed $1.5 billion.

The company plans to use the new funding to scale production, further

See Full Page