How Much Did Ultrahuman Raise? Funding & Key Investors

Ultrahuman has successfully raised funding over six rounds, with the latest being a Debt Financing round. The company is backed by 31 investors, including notable names like Alteria Capital and Steadview Capital.

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, is a health and fitness technology company based in Bangalore, Karnataka, India. The company operates in multiple industries, including biotechnology, clinical trials, fitness, health care, and wellness.

With an employee count of 11-50, Ultrahuman offers a range of products designed to track and enhance various aspects of health. Their offerings include advanced wearable devices like the Ultrahuman Ring AIR, blood testing services through Blood Vision, and continuous glucose monitoring with the M1 CGM sensor.

How Much Funding Has Ultrahuman Raised?

1. 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 secure initial capital for product development and market entry.
2. Series A
   • Amount Raised: USD 7,600,000
   • Date: December 2020
   • Lead Investors: Alpha Wave
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and market their initial products and services.
3. Series B
   • Amount Raised: USD 17,500,000
   • Date: August 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale production and enhance technological capabilities.
4. Series B
   • Amount Raised: USD 25,000,000
   • 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.
5. Debt Financing
   • Amount Raised: USD 10,000,000
   • Date: March 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operational expenses and growth initiatives.
6. Debt Financing
   • Amount Raised: INR 1,000,000,000
   • Date: November 2025
   • Lead Investors: Alteria Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further scale operations and enhance product offerings.

Total Amount Raised: USD 60,100,000

Current Valuation: Not publicly disclosed

Key Investors

• Alteria Capital
  • Details: Alteria Capital is a venture debt fund that provides structured debt solutions to high-growth startups in India. They have been involved in multiple debt financing rounds for Ultrahuman.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Ultrahuman, Dunzo, Lendingkart.
• Steadview Capital
  • Details: Steadview Capital is an investment firm that focuses on long-term investments in public and private companies. They are one of the most recent investors in Ultrahuman.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: Ultrahuman, Nykaa, Zomato.
• Blume Ventures
  • Details: Blume Ventures is a venture capital firm that invests in early-stage startups across various sectors. They participated in Ultrahuman's Series B funding round.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Ultrahuman, Unacademy, Dunzo.
• Nexus Venture Partners
  • Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have been involved in multiple funding rounds for Ultrahuman.
  • Investment Focus Areas: Technology, consumer services, healthcare.
  • Notable Investments: Ultrahuman, Delhivery, Druva.
• Alpha Wave
  • Details: Alpha Wave is a global investment firm known for leading Series A and B rounds. They have been a significant investor in Ultrahuman.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Ultrahuman, Swiggy, Razorpay.

What's Next for Ultrahuman?

Ultrahuman stands at the cusp of significant growth opportunities. With plans to expand manufacturing capabilities and delve deeper into health-tracking research, the company is poised to capture a larger market share in the wearable health tech industry. The potential to surpass $100 million in annualized revenue by the end of 2024 underscores the vast market potential.

Future fundraising rounds, including potential Series C funding, could further bolster Ultrahuman's expansion and technological advancements. Strategic investments or partnerships with larger health-tech companies may also be on the horizon, providing additional avenues for growth.

However, challenges such as increasing losses and stiff competition from global players like Levels Health and Oura could pose hurdles. Maintaining profitability while scaling operations and ensuring the accuracy of health monitoring devices will be crucial for sustained success.

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