PE Fund Investments
Wearable tech co Ultrahuman raises $35-M from Blume Ventures, Steadview, others
Bengaluru-based wearable tech company Ultrahuman has raised USD 35 million in equity and debt investment. The Series B round saw participation from venture capital firms Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation and Zomato founder Deepinder Goyal. Ultrahuman will deploy the funds to build further manufacturing capacity and deepen research in the health tracking space.Ultrahuman offers a smart ring called Ring Air, a continuous glucose monitoring wearable called M1 Live, a home health device called Ultrahuman Home and a preventive blood testing product called Blood Vision. Its platform integrates glucose, sleep, movement, blood markers, and HRV, offering a comprehensive approach to health monitoring.Ultrahuman claims to be on track to surpass USD 100 million in annualised revenue run rate (ARR) by the end of 2024, a milestone that will be achieved along with profitably.
Between 2020 and 2023, Ultrahuman had raised over USD 30 M from Nanavati Family Office, Nexus Venture Partners, Blume Ventures, Steadview Capital, Alpha Wave Global, iSeed, Others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
