World’s leading sleep improvement platform Oura Health passes $20 million in funding
Oura Health is now shipping in over 100 countries, enabling more people to join the Oura community
Oulu, Finland / San Francisco, California – Today Oura Health announces that it has raised $20 million to date. Its latest investment round was led by MSD Capital (Michael Dell) and joined by Steve Chen, the co-founder of YouTube, Kevin Lin, the co-founder of Twitch, Dave Morin, the founder of Sunrise, alongside the co-founders from Skype, Box.com, Casper, Soylent, Oak, JUMP, and Freefly
Leading athletes including Drew Brees, Apolo Anton Ohno, Shaquille O’Neil, Jimmy Johnson, Lance Armstrong, Manu Ginobili, Nick Foles, Earl Thomas III and creators such as Will Smith and Keisuke Honda (The Dreamers Fund), author Neil Strauss, author Sam Harris, and Chef David Chang also joined the latest funding round.
“We are thrilled to have such a talented group of builders, champions, and creators join us as investors,” said Harpreet Rai, CEO of Oura Health. “It’s amazing to see how such a diverse group of investors all recognize the universal importance of sleep.”
“Our mission is to improve people’s lives through better sleep. We couldn’t have asked for a better partner than MSD Capital and Michael Dell. Their expertise will help Oura reach even more users around the world,” said Petteri Lahtela, Oura Health Co-Founder, President, and Chief Innovation Officer.
“I believe Oura has identified a challenge that faces us all, namely getting enough high-quality sleep. Oura’s design and technology show tremendous craftsmanship, and now more consumers around the world will be able to get their own Oura ring,” said Michael Dell, MSD Capital.
“Oura has helped me realize that sleep improves my performance and investing in sleep can improve many aspects of my day-to-day life,” said Apolo Anton Ohno, an American short track speed skating competitor and eight-time medalist in the Winter Olympics.
“Sleep and activity are the most important variables in mental and physical health. Oura is the first product which has changed how I make decisions about both and meaningfully improved my life,” said Dave Morin, CEO, and Founder of Sunrise.
Oura is the market’s leading sleep improvement platform, providing:
- The most precise sleep performance technology, tracking holistic sleep habits through 2 infrared LEDs that measure blood volume pulse directly from the finger’s palmar arteries (the most accurate source for heart rate and heart rate variability tracking); a 3D accelerometer and gyroscope that detect the direction and intensity of your body movement; and 3 NTC temperature sensors that track temperature variation.
- Actionable daily insights through its mobile app that received a Red Dot Award for Product Design Excellence this year. Oura Cloud also enables leading medical researchers and professional athletes to customize their own analysis and sleep optimization.
For additional information:
Harpreet Rai, Oura Health CEO
Oura Health Ltd. is a health technology company founded in 2013. In 2018, the company received the Red Dot Awards for communications design and product design. Backed by world-class investors, leaders, champions, and creators, Oura Health is headquartered in Oulu, Finland, with offices in Helsinki, London, and San Francisco.
Oura is a pioneering sleep performance platform, focused on improving sleep that leads to a better life. The Oura Ring and app gives users daily feedback to improve their health, allowing users to better understand their body and reach their goals.