Bloomberg: Oura Ring Maker Nears $11B Valuation After 3M+ Rings Sold

Oura Health Oy, the Finnish company behind the Oura health and fitness ring, is reportedly approaching a $10.9 billion valuation, according to a Bloomberg.com report. This increased valuation stems from an ongoing Series E financing round, targeting $875 million. The funding round follows a period of strong sales, with approximately 3 million rings sold in the past year. The potential Series E investment would effectively double the company's valuation from its Series D round last November, which valued Oura Health at $5 billion.