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Oura landed $75M from Dexcom, reaching a $5B+ valuation. The partnership will integrate Dexcom's glucose monitoring data with ōURA's health-tracking platform to boost CGM and smart ring sales. Expanding beyond sleep and activity data, Oura recently acquired metabolic health startup Veri to help users decode food’s impact on well-being. Meanwhile, Dexcom began selling its Stelo glucose sensor over the counter, making it the first device available without a prescription. Teaming up, the pair plans to roll out data sharing next year, bringing awareness to nutrition’s role in overall health.
Shakil Ahmed
4 个月
I like the sound of this, excited to see how it bears fruit
Albert Ramos Jr.
4 个月
Massive game changer. I've used both - this is next level. You'll never look at your metabolics the same ever again. (I'd recommend adding blood testing to this)
Jarrett Heflin
4 个月
Big news! Right on the coattails of the Veri acq too ?? excited for these advancements in general-use metabolic health
Jonathan Puskas
4 个月
Looks like the valuation is based upon 10x Revenue. Revenue Oura is on track to reach $500 million in revenue in 2024, which is double the amount in 2023. In 2023, Oura's revenue was $225 million, up 53% year-over-year from 2022.? Oura's subscription model, introduced in 2022, accounts for 20% of revenue.?The subscription business has 80% gross margins, compared to 20-30% for pure hardware sales.? Oura's CEO, Tom Hale, says the company is building a loyal following after selling more than 2.5 million rings.? Oura has integrated with over 600 companies to strengthen its market position.?In April 2023, Oura announced a partnership with Best Buy to expand distribution outside of its own channels.? Oura's business model includes:? Selling rings for $299? Offering subscriptions for $6 per month? A direct-to-consumer model, where Oura sells its rings mostly through its online store?
Fernanda Arroyo
3 个月
That's great news for Health, can't wait to see how smart rings will go beyond tracking sleep in the next years.
Dr. Jonathan Leary
4 个月
Wow
Ali Marshall
4 个月
This is a serious move, UltraHunan also offer a CGM pairing, so it certainly seems like full health monitoring is the future
Kenny McMillan PhD
4 个月
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Well done ōURA.