Tesi co-leads €5m funding round for Oura

US-based Bold Capital Partners co-led the deal and introduced US industry specialists Stephen Friend and Kevin Lin to Oura's board.

The fresh capital will be used for the development of new products and to drive expansion in the US, where 60% of Oura's active users are based.

Previous funding
Lifeline Ventures led a $2.8m funding round for Oura (then Ouraring) in 2015, which included a $500,000 R&D loan from Tekes, the Finnish funding agency for innovation.

MIT Labs led a €5m series-A for the business in November 2016.

Company
Oura is a manufacturer of a healthcare device, the Oura Ring, that measures sleep activity and the body's physiological responses to everyday life. The company is headquartered in Oulu, Finland.

People
Tesi – Jussi Sainiemi (investment director).
Oura Health – Harpreet Rai (CEO).

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• Topics
• Expansion
• Nordics
• Healthcare
• Consumer
• Venture
• Finland