Total amount raised
$60.1 Millions
Latest funding date
Location
Title
Ultrahuman has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in health and fitness tracking devices, offering products like the Ultrahuman Ring AIR and the M1 device.
Keep reading to explore the intricacies of Ultrahuman's fundraising journey and the investors backing this innovative platform.
What Is Ultrahuman?
Ultrahuman, founded in 2020, specializes in advanced health tracking solutions through wearable technology. The company offers products like the Ultrahuman Ring AIR and the Ultrahuman M1, which track sleep, HRV, temperature, movement, and glucose levels in real-time.
Although the specific location and founders' names are not disclosed, Ultrahuman is registered as Ultrahuman Healthcare Pvt Ltd. The company is known for its precision-engineered devices that provide actionable health insights to improve well-being and performance.
Ultrahuman's products are trusted by top cycling teams and users worldwide, emphasizing their effectiveness in enhancing health and performance. The number of employees is not specified on the available resources.
How Much Funding Has Ultrahuman Raised?
- Series A
- Amount Raised: $7.6M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's initial growth and product development.
- Series B
- Amount Raised: $17.5M
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's product offerings and market reach.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To attract early-stage investors and gain initial traction.
- Series B
- Amount Raised: $25M
- Date: March 2024
- Lead Investors: Blume Ventures, Nexus Venture Partners, Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand manufacturing capabilities and conduct more in-depth health-tracking research.
- Debt Financing
- Amount Raised: $10M
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and further product development.
Ultrahuman has raised a total of $60.1M. The current valuation is not publicly disclosed.
Key Investors
- Blume Ventures
- Details: Blume Ventures is a venture capital firm that invests in early-stage startups. They focus on providing seed and pre-series A funding to innovative companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Dunzo, Unacademy, GreyOrange
- Steadview Capital
- Details: Steadview Capital is an investment firm that focuses on long-term investments in public and private companies. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Technology, consumer, financial services
- Notable Investments: Nykaa, Zomato, Dream11
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early to growth-stage companies. They are known for their significant contributions to the technology and enterprise sectors.
- Investment Focus Areas: Technology, enterprise, consumer
- Notable Investments: Postman, Delhivery, Druva
- Alpha Wave
- Details: Alpha Wave is a venture capital firm that specializes in growth-stage investments. They have a strong portfolio in the technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Swiggy, PolicyBazaar, Razorpay
- Deepinder Goyal
- Details: Deepinder Goyal is the founder and CEO of Zomato, a global restaurant discovery and food delivery service. He is also an active individual investor in the tech space.
- Investment Focus Areas: Technology, food-tech startups
- Notable Investments: Zomato
What's Next for Ultrahuman?
Ultrahuman is poised to capitalize on the growing demand for wearable health technology. With plans to expand manufacturing capabilities and deepen health-tracking research, the company is well-positioned to increase its market share in the smart ring sector. The potential to surpass $100 million in annualized revenue by the end of 2024 underscores the significant opportunities ahead.
Future fundraising efforts could focus on scaling operations and entering new markets, driven by the company's rapid growth and profitability claims. However, Ultrahuman will need to navigate challenges such as increasing competition and managing profitability while expanding its product lines and retail presence globally.
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