Tuesday, May 4, 2021

Dodgers' Investment Arm Backs Oura In $100M Fundraising

Elysian Park, the investment arm of the Los Angeles Dodgers, is one of the lead investors in fitness ring maker Oura, Oura said on Tuesday. According to Oura, it raised $100M in its Series C funding round, which was led by The Chernin Group and Elysian Park, and also included Temasek, JAZZ Venture Partners and Eisai, Forerunner Ventures, Square, MSD Capital, Marc Benioff, Lifeline Ventures, Metaplanet Holdings and Next Ventures. Oura's rings are used for temperature measurement and other fitness measurement, and are being used by the NBA, WNBA, UFC, NASCAR, and otehrs. The company says it has now raised $148.3M in total.