Oura Health, an Oulu, Finland-based provider of wellness ring and app, raised $28M in Series B funding.
Backers included Forerunner Ventures, Gradient Ventures and Square. In conjunction with the funding, Dr. Matthew Walker, scientist and bestselling author of Why We Sleep, will join as Chief Science Advisor. Eurie Kim, Partner at Forerunner Ventures and Jesse Dorogusker, Head of Hardware at Square will join Oura’s board. Anna Patterson, Founder and Managing Partner at Gradient Ventures is joining as Board Observer.
The company intends to use the funds to launch a campaign (both product and educational), to hire talent and prioritize research support with academic institutions.
Founded in 2013, OURA provides a smart ring and app delivering precise insights to inform sleep and health habits. The ring and app give users daily feedback to improve their health, to better understand their body and reach their goals.
The company is based in Oulu, Finland, with offices in Helsinki, London, and San Francisco.