TLDR: Ultrahuman, a health monitoring device maker, has raised $35 million in a mix of equity and debt funding from existing investors. The round was co-led by Blume Ventures, Steadview Capital, and Nexus Venture Partners. The funds will be used to increase manufacturing capacity and deepen research in the health-tracking space.
Ultrahuman, known for selling wearable devices like smart rings and services to track metabolic health, raised $35 million in funding. The round was co-led by existing backers Blume Ventures, Steadview Capital, and Nexus Venture Partners. Other investors like Alpha Wave Global and Zomato founder Deepinder Goyal also participated. The funding includes $25 million in equity and the rest in debt, bringing Ultrahuman’s total fundraise to $65 million. The funds will be used to increase manufacturing capacity and deepen research in the health-tracking space. Ultrahuman aims to expand production of its flagship smart ring and reach an annual revenue run rate of $100 million by the end of 2024.
Ultrahuman, a health monitoring device maker, has raised $35 million in a mix of equity and debt funding from existing investors. The round was co-led by Blume Ventures, Steadview Capital, and Nexus Venture Partners. The funds will be used to increase manufacturing capacity and deepen research in the health-tracking space.
