Ōura announced Tuesday that it secured a Series E round of more than $900M. The round was led by Fidelity Management & Research Company, along with participation from ICONIQ, Whale Rock and Atreides.
The new fund injection comes with an $11B valuation for the smart ring maker, which will use the funds to power its global expansion, accelerate its AI development and boost the company’s efforts toward existing and new products.
The injection coincides with the naming of a new chair for the Ōura BOD: Lateralus Holding founder David Shuman, who takes over the role from Eurie Kim of Forerunner Ventures. Kim had been in the role since 2019. Ōura is also expanding its board by nominating Wen Hsieh, founding managing partner of Matter Venture Partners, for a seat.
The Series E is the second significant funding effort from Ōura in less than a year — it announced a Series D round of $200M last December.
