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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<\/a>. <\/p>\n The round, which is expected to close by the end of the month, would double the company\u2019s $5 billion valuation from its Series D round announced last December<\/a>. The report notes that the Series E round could still exceed $900 million. <\/p>\n 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. <\/p>\n The company plans to use the new funding to scale production, further expand internationally, and invest in product development.<\/p>\n Bloomberg notes that the company\u2019s recent growth has been driven by female consumers, retail store sales, purchases made through health savings accounts, and expansion into international markets. <\/p>\n<\/div>\n