Oura, known for its health tracking ring, has received a $75 million series D and inked a partnership with Dexcom to expand its metabolic health offerings.
from Dexcom, a continuous glucose monitoring company, bringing Oura’s total valuation to more than $5 billion. The brand has sold more than 2.5 million rings to date, tripled its member base in the last three years and is expected to reach $500 million in sales this year.“Ninety-seven percent of Oura members have expressed interest in understanding how the food they eat impacts their health,” said Oura chief executive officer Tom Hale in a statement.
For Dexcom, this partnership will bring continuous glucose monitoring to a wider array of customers. Dexcom also recently launched Stelo, the first FDA-approved, over-the-counter glucose biosensor. Previously, prescriptions were required for continuous glucose monitors. “Partnering with Oura gives us the opportunity to redefine the category again, integrating data from Dexcom glucose biosensors with the continuous insights and metrics measured by Oura Ring,” said Matt Dolan, executive vice president of strategy and corporate development at Dexcom, in a statement. “This powerful combination will attract new shared customers who want to better understand the link between activity, sleep, nutrition and their glucose.
WWD and Women's Wear Daily are part of Penske Media Corporation. © 2024 Fairchild Publishing, LLC. All Rights Reserved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oura Ring 4 vs Oura Ring 3: Is now the time to upgrade?The Oura Ring 4 is here, bringing a new design and sleep apnea detection. But should you upgrade from the Oura Ring 3? Which should you buy?
Read more »
Pan-Mass Challenge raises $75 million in 2024, topping $1 billion for cancer research since 1980This year’s Pan-Mass Challenge raised $75 million for cancer research and treatment, putting the cross-state charity bicycle ride over the $1 billion mark since 1980. PMC founder and executive director Billy Starr celebrated the milestone on Saturday night.
Read more »
Apple AirPods Gen 3 are $75 off during Walmart's Black Friday SaleWe suggest you snag this deal before it sells out here too!
Read more »
Natural History Museum of Los Angeles County opens new $75 million ‘front porch’ on Nov. 17Natural History Museum officials hope to attract more people to the venue with a new indoor/outdoor wing.
Read more »
Cardinals $75 Million Star Reportedly 'On Board' With Reset, Willing To Mentor YouthDespite trade rumors, a St. Louis Cardinals fan favorite has reportedly expressed an interest in returning with the 11-time World Series champions in 2025.
Read more »
Pregnant Brittany Mahomes rocks $75 windbreaker at Chiefs vs. Broncos game with kidsPregnant Brittany Mahomes rocks Fanatics windbreaker at Chiefs game with kids
Read more »