Oura ring maker raising $875M Series E, bringing valuation to $11B, report says

ORA Health and ORA Health O, The ORA Health and Fitness Ring manufacturer is collecting $ 875 million in a new series e -Financing Round, a new report worth $ 10.9 billion says in a new report BlombergThe

Round, which is expected to stop at the end of the month, will double the company’s $ 5 billion evaluation from it Series D. Round announced last DecemberThe The report noted that the series e -round could still exceed $ 900 million.

The ORA has sold 1.5 million rings till today, a significant increase from 2.5 million reports reported in June 2021. The company is expected to earn more than $ 1 billion this year, which has doubled $ 1 million in 2021. As of the 2026, the company predicted sales to exceed $ 1.5 billion.

The company plans to use new funds to make production scale, expand more internationally and to invest in product development.

Bloomberg notes that the company’s recent growth has been run by female customers, retail store sales, purchase through health savings account and expansion in the international market.