Oura

Why we invested

Forerunner has long believed that the most enduring businesses emerge when shifting consumer needs collide with breakthrough technology. Few domains illustrate this more clearly than health — an area that remained largely opaque and reactive for most of history. People have navigated their health through delayed signals and external expertise, with limited visibility into the real-time patterns shaping how they feel, perform, and recover. Oura changed that. Today, 5.5 million rings have been sold and Oura is on track for $1 billion in annual revenue — a milestone that reflects both the scale of the unmet need and the precision of the product.