Ultrahuman, a health monitoring device maker known for its smart rings, has successfully raised $35 million in a Series B funding round. The funding consists of a mix of equity, totaling $25 million, and debt. This round of investment was co-led by existing backers Blume Ventures, Steadview Capital, and Nexus Venture Partners, with participation from Alpha Wave Incubation and notable investor Deepinder Goyal (@deepigoyal). The Bengaluru-based startup plans to utilize the funds to enhance its manufacturing capacity and further its research in the health tracking space. Mohit Kumar, founder and chief executive of Ultrahuman, shared the news with ET, highlighting the company's intention to expand its product offerings, including the development of the Ring Air. The investment also marks a significant step towards reaching underserved countries, positioning Ultrahuman in competition with major players like Samsung.
Bengaluru-based smart ring maker Ultrahuman raised a $35M Series B, with $25M in equity and the rest in debt, from Blume, Steadview Capital, Nexus, and others (@riptari / TechCrunch) https://t.co/0taJY0d4Rh 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/tG2b4pDgbz
Nice bit of funding for @UltrahumanHQ, maker of smart rings. While Oura's position may be in reach by targeting underserved countries, @Samsung will be the larger competitor. Haven't tested Ultrahuman's ring but let's hope it holds up. https://t.co/9rMCq1Hlh3
#Wearable #healthtech startup, @UltrahumanHQ raises a $35M equity & debt invst round to further build manufacturing capacity & research in the health tracking space @deeppurpled talks to @ShrutiMishra_ about Ring Air and expansion plans @BlumeVentures @SteadviewCap @deepigoyal https://t.co/9pmexLfO5k
#FundingWithYS💰 💼 Company: @UltrahumanHQ 💰 Funding: $35 million ⚡ Round: Series B 👥 Investors: @BlumeVentures, Steadview Capital, @NexusVP, Alpha Wave Incubation, and @deepigoyal. The startup plans to allocate the funds to enhance manufacturing capacity and conduct… https://t.co/jl7wTPo1o9
Health monitoring device maker Ultrahuman raises $35 million in mix of equity and debt funding from existing investors The round was co-led by existing backers Blume Ventures, Steadview Capital and Nexus Venture Partners, founder and chief executive, Mohit Kumar, told ET.
#FundingWithYS 💰 💼 Company: @jumbotail 💸 Funding: Series C3 ⚡ Round: $18.2 million 👥 Investors: Artal Asia, Heron Rock, Sabre Investment, @arkam_vc, Jarvis Reserve Fund, Reaction Global, and @ViiVentures. The funding will enable the startup to expand its suite of… https://t.co/bdUOD74gnB