From Nokia to 11 billion dollars, Nordic hardware genes really pack a punch

Oura Health Oy has secretly submitted an S-1 draft to the U.S. SEC, planning to go public in the United States later this year, with Goldman Sachs and JPMorgan Chase as the lead underwriters. The company was founded in 2013 in Oulu, Finland, by three founders all from Nokia and the global heart rate monitoring pioneer Polar. In October 2025, it completed Series E funding led by Fidelity Investments, raising $875 million, with a post-money valuation of $11 billion, and a total funding of over $1.5 billion.