# Oura

> Maker of Oura Ring and a connected health subscription; delayed its planned US IPO on September 29, 2026 after a $900M+ Series E at an approximately $11B private valuation in 2025.

## Why it is interesting

Oura is a useful case study in separating valuation types: its last announced private round priced the company around $11B, whereas a proposed September 2026 IPO price range implied a different public-market valuation that never became a trading price. Hardware sales and subscription retention determine the investment thesis.

## Profile

- **Latest funding:** Series E — More than $900M (October 14, 2025)
- **Latest known valuation:** Approximately $11B (October 14, 2025)
- **Total disclosed equity funding:** $1.1B
- **Stage:** growth
- **Status:** private
- **Industries:** healthtech, consumer
- **Coverage:** full
- **Last updated:** 2026-10-29
- **Latest funding investors:** Fidelity Management & Research Company, ICONIQ, Whale Rock, Atreides

## Key facts

- Sep 29, 2026: delayed a proposed Nasdaq IPO; no shares were priced or traded as a result of that postponed offering.
- Proposed IPO indicated 50M shares at $40–$44, or around $2.1B gross proceeds at midpoint; most shares were secondary.
- Oct 14, 2025: more than $900M Series E led by Fidelity at approximately $11B private valuation.
- Dec 19, 2024: $200M Series D at $5.2B private valuation.

## Funding history

- Series E · More than $900M · October 14, 2025
  Source: https://ouraring.com/newsroom
- Series D · $200M · December 19, 2024
  Source: https://ouraring.com/newsroom

## Investors in our directory

- https://venturecapitaltracker.com/fund/alumni-ventures

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 29, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/oura