Finland's Oura went from a tiny Kickstarter campaign to a $5.2-billion start-up with Cristiano Ronaldo and Prince Harry among its fans [Fortune]
Allbirds, Inc. (BIRD)
Company Research
Source: Fortune
The Finnish company, founded in 2013, is on the precipice of a growth spurt that's taken a niche innovation in wearable tech and made it mainstream. Demand has boomed recently, with sales set to double this year and near the $500 million mark. Oura just capped off a Series D funding round on Thursday led by Fidelity Management, which put its valuation at $5.2 billion. The capital injection is a key milestone, given that Oura's was valued at half that figure just two years ago. The global wearable tech market is set to expand by 14.6% by the end of the decade. Of that lot, smart glasses and rings are the ones seeing the most growth. This could just be the beginning of Oura's popularity as the company also has plans to go “beyond the ring” with its new flush in funding, CEO Tom Hale said So, what has made Oura a worthy competitor to the Apple Watches of the world? Leaning into sleep Oura was founded in Finland by Petteri Lahtela, Markku Koskela, and Kari Kivela, who wanted
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BIRD
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- 11/6/24 - Beat
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- 12/3/24 - Form 4
- 12/3/24 - Form 4
- 12/2/24 - Form 144
- BIRD's page on the SEC website