<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Smart ring maker ŌURA secured USD 75 million in Series D funding from glucose monitoring device company Dexcom. The investment values Ōura at USD 5 billion and brings the total funds raised by the company to USD 223.3 million.
      </p>
    </li>
    <li>
      <p>
        ŌURA did not disclose what it would use the funds for. However, both companies have entered a strategic partnership to integrate their devices and apps, with the first app integration expected to launch in the first half of 2025. The companies will also collaborate on co-marketing and cross-selling initiatives.
      </p>
    </li>
    <li>
      <p>
        ŌURA has sold 2.5 million rings and expects to double its annual sales to approximately USD 500 million in 2024. The company reports that 97% of its members want to understand how food impacts their health.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        <a href="https://sp-edge.com/updates/35536">
          Last month
        </a>
        , ŌURA acquired Sparta Science, a Bay Area-based health-tracking startup that offers a data platform to analyze health and performance information, for an undisclosed sum.
         With this investment and partnership, the company appears to be growing rapidly. This might be an attempt to counter the threats from larger entrants to the smart ring market, such as Samsung.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://techcrunch.com/2024/11/19/oura-valued-at-5b-following-deal-with-medical-device-firm-dexcom/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://hitconsultant.net/2024/11/19/dexcom-and-oura-partner-to-optimize-metabolic-health-tracking/">
      HIT Consultant
    </a>
  </p>
</div>


Digital Wellness

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 <p>Smart ring manufacturer ŌURA has successfully raised USD 75 million in Series D funding, with the investment led by glucose monitoring device company Dexcom. This latest investment has resulted in an estimated valuation for ŌURA of USD 5 billion, and brings the total funds raised by the firm to approximately USD 223.3 million.</p>
 <p>Although specific plans for the newly acquired funds have not been detailed by ŌURA, it has been revealed that the two companies have committed to a strategic alliance. This partnership will lead to integration efforts between their respective devices and software applications, with the initial integrated app set to be launched during the first half of 2025. In addition, they will be working together on cooperative marketing efforts and cross-promotion sales campaigns.</p>
 <p>ŌURA's marketing and distribution efforts have been highly successful to date, with 2.5 million of its smart rings sold so far. The company is projecting an impressive doubling of its annual sales in 2024, forecasting revenue of around USD 500 million. ŌURA further reported that out of its customer base, a notable 97% expressed interest in learning more about their health, in particular, how food consumption affects their individual health.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> <a href="https:<br>
//sp-edge.com/updates/35536"> Last month </a> , ŌURA acquired Sparta Science, a Bay Area-based health-tracking startup that offers a data platform to analyze health and performance information, for an undisclosed sum. With this investment and partnership, the company appears to be growing rapidly. This might be an attempt to counter the threats from larger entrants to the smart ring market, such as Samsung.</p>

ŌURA raises USD 75 million in Series D funding from Dexcom; secures partnership to integrate into devices and apps

<div>
 
 <p>Coopah, a run coaching app, recently gained GBP 1.5 million (USD 1.90 million) in seed funding from investors including Redrice Ventures, Active Partners, Amrock Ventures, Tom Singh, Alistair Brownlee MBE, Ricky Simms, and London Marathon Events.</p>
 <p>This funding will be directed towards scaling marketing efforts, accelerating the company's growth, and enhancing the core product development, focusing on the adoption of AI for creating smarter, more adaptable, flexible, and social training plans.</p>
 <p>Established in 2022, Coopah is solving the problem of a high attrition rate among new runners, with 58% dropping out within the first 30 days. The company has been recognised as the official training partner for the TCS London Marathon as of November 2024. Subscription options include GBP 79.99 (USD 101.43) per annum and GBP 14.99 (USD 19.01) per month.</p>
 
</div>

Coopah raises GBP 1.5 million in seed funding to scale marketing efforts

<div>
 
 <p>Mindbloom, a company based in New York, has entered into a partnership with the meditation app Happier. The partnership aims at launching "Continuous Transformation," a novel approach that merges ketamine therapy and mindfulness practices. </p>
 <p>This collaboration will provide Mindbloom's clients with free access to over 500 guided meditations found on Happier, with these meditations being taught by more than 60 teachers. In return, users of Happier will receive discounts on Mindbloom's programs. These programs include 12 different paths aimed at tackling various mental health issues. Further, in the upcoming year, phase two of this partnership will be initiated. Named as "Meditation for Mindbloom, Powered by Happier," this phase will facilitate the integration of Happier's meditations into the Mindbloom app itself.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This partnership strengthens Mindbloom's foothold in the psychedelic therapy market while broadening its reach beyond the 500,000 clients it has already served. By integrating mindfulness practices, Mindbloom is poised to offer a more holistic approach to mental health care.</p>

Mindbloom partners with Happier to combine ketamine therapy with meditation services

<div>

 <p>Digital mental health company Headspace is teaming up with World of Hyatt to enhance the sleep quality of hotel guests while they travel.</p>
 <p>You'll find a "Science Behind Sleep" video series as part of this partnership. These five episodes have been filmed at the Park Hyatt Aviara Resort and provide research-backed suggestions for dealing with difficulties in sleeping. This content will be accessible in close to 400 Hyatt hotel rooms and also on the Headspace app.</p>

</div>

Headspace partners with Hyatt to offer sleep improvement video series for travelers

<div>
 
 <p>Healthcare firms Happy Health and EnsoData have collaborated to offer clinical-grade sleep monitoring for home use, combining Happy Health's Happy Ring wearable with EnsoData's EnsoSleep PPG software for at-home sleep apnea diagnosis and monitoring. The integrated solution offers sleep tests, doctor consultation, and personalized care within three days from patients' homes.</p>
 <p>The partnership aims to tackle sleep apnea underdiagnosis by making testing more accessible and speeding up patient care. The Happy Ring gathers clinical-grade sleep data, which is then analyzed by EnsoSleep PPG to diagnose sleep apnea and provide custom reports for doctors.</p>
 
</div>

Happy Health partners with EnsoData to develop at-home sleep apnea monitoring solution

<div>
 
 <p>Ōura, a company that manufactures smart rings, has bought Sparta Science, a startup that provides a data platform for monitoring health and performance. The financial details of the deal were not disclosed.</p>
 <p>Sparta Science is known for the Trinsic platform, a system used by corporate clients for monitoring health vitals and providing data analysis on health and performance.</p>
 <p>Ōura aims to incorporate Sparta's Trinsic platform into its business-to-business product, Ōura Teams. This will allow its corporate partners to merge data from the Ōura ring and other third-party sources. It will offer insight into fitness and safety, and enable tailored dashboards for healthcare and government clients.</p>
 
</div> <p><b>Analyst Quicktake:<br>
 </b> This marks the second acquisition Ōura has carried out in 2024. In <a href="https:<br>
//sp-edge.com/updates/33488"> September </a> , the company acquired Veri, a Finnish personalized metabolic health company, for an undisclosed amount. The company noted that the acquisition of Veri was carried out to integrate Veri's expertise, expanding Ōura’s offerings in metabolic health. With its acquisition of Sparta Science, Ōura is further expanding its offerings to maintain its market position against competitors such as Samsung and Happy Health.</p>

Ōura acquires health tracking startup Sparta Science for undisclosed sum

<div>

<p>SleepScore Labs, a company specializing in sleep science and wellness, has introduced Sleep.AI, a new artificial intelligence platform developed with evidence-based research to promote sleep health. The platform aims to assist other companies in converting sleep data into practical input for enhancing overall health and wellness consequences.</p>

<p>Sleep.AI has processed more than 500 million hours of data related to sleep, lifestyle, and environmental factors, offering insights drawn from over 230 scientific studies. The platform has the capability to integrate insights from over 500 wearable devices, normalize the gathered data, create predictive models, and offer a range of APIs that companies can use to expand their services. Furthermore, an SDK is included in the platform, permitting integration with health and wellness applications for extended services, and research and development tools for product innovation.</p>

<p>According to SleepScore Labs, Sleep.AI can provide valuable assistance to businesses in conducting market research, developing prototypes, providing scientific validation, and generating promotional content that is backed by solid evidence.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> SleepScore initially acquired Sleep.AI in <a href="https:<br>
//www.prnewswire.com/news-releases/sleepscore-labs-acquires-sleepai-300626863.html"> April 2018 </a> to integrate its product, enabling its users to know if they snore or grind their teeth during sleep. However, with this product update, the company appears to be focused on more advanced applications to deliver optimized sleep health for consumers.</p>

SleepScore Labs launches Sleep.AI, an AI-powered sleep health platform

<div>
 
 <p>Happy Health, a company specializing in health technology, has successfully earned FDA clearance for their product known as the Happy Ring. This wearable device is designed to monitor an array of vital health statistics. These include sleeping patterns, levels of blood oxygen, heart rate, body temperature, and even brain activity.</p>
 <p>The platform of the Happy Ring utilizes GenAI and machine learning algorithms that have been uniquely customized to seamlessly integrate data into a clinically relevant context. This allows for the translation of information into actionable notifications or alerts that can prove beneficial for both healthcare providers and patients.</p>
 <p>With FDA clearance, Happy Health can now offer clinical monitoring for a range of health conditions. These conditions include, but are not limited to, sleep apnea, heart disease, obesity, hypertension, and diabetes. Monitoring is offered through the Happy Ring, a wearable device that promises both comfort and accuracy.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The market for smart rings is faced with stiff competition from players such as Ōura, which just launched its Ring 4 <a href="https:<br>
//sp-edge.com/updates/34459"> earlier this month </a> , and Samsung, which unveiled its Galaxy Ring in <a href="https:<br>
//sp-edge.com/updates/31387"> July 2024 </a> . However, Happy Health's recent FDA approval for its smart ring distinguishes it from other major players who are yet to secure similar recognition.</p>

Happy Health receives FDA clearance for smart ring

<div>
 
 <p>The Finnish technology firm, Ōura Health, has introduced its latest smart ring, the Ring 4, replacing the Ring 3 model. The new wearable, priced at USD 349, aims to deliver more precise health tracking data.</p>
 <p>The Ring 4 comes with roughly double the number of sensors than the older version, smart algorithms customised for individual body functions, and a more streamline design with hidden sensors. The wearable provides better accuracy in tracking blood oxygen levels and heart rates, especially during sleep.</p>
 <p>Independent research indicates that the Ring 4 delivers 30% more accurately on blood oxygen data, reduces interruptions in heart rate measurements, and shows a 15% improved accuracy in recording breathing interruptions. The updated model also offers extended battery life, lasting up to eight days on a single charge.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/33488"> September 2024 </a> , Ōura Health acquired metabolic health company Veri for an undisclosed sum. Through the acquisition, it planned to incorporate Veri's expertise to expand its offerings in metabolic health.</p>

Ōura launches Ring 4 with improved health tracking accuracy

<div>

 <p>Welltory, a health and wellness app provider, has secured a USD 3 million credit facility from Braavo Capital. This has raised their total funding to USD 12 million.</p>
 <p>The newly acquired funds are intended for strategic product and market growth, development of new algorithms, AI innovations, and consequential research. The company's goal is to create an ecosystem to help 100 million people improve their health.</p>
 <p>As of September 2024, the Welltory app boasts over 10 million users and ranks among the top 50 grossing Health & Fitness apps. More than 65% of Welltory Premium members have reported better sleep, lower stress, and increased physical activity.</p>

</div>

All Updates

ŌURA raises USD 75 million in Series D funding from Dexcom; secures partnership to integrate into devices and apps

Coopah raises GBP 1.5 million in seed funding to scale marketing efforts

Mindbloom partners with Happier to combine ketamine therapy with meditation services

Headspace partners with Hyatt to offer sleep improvement video series for travelers

Happy Health partners with EnsoData to develop at-home sleep apnea monitoring solution

Ōura acquires health tracking startup Sparta Science for undisclosed sum

SleepScore Labs launches Sleep.AI, an AI-powered sleep health platform

Happy Health receives FDA clearance for smart ring

Ōura launches Ring 4 with improved health tracking accuracy

Welltory raises USD 3 million in credit facility from Braavo Capital to expand platform

Digital Wellness

ŌURA raises USD 75 million in Series D funding from Dexcom; secures partnership to integrate into devices and apps

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