Oura, the Finnish company behind the buzzy Oura Ring, is officially making San Francisco its U.S. home base after a late 2025 funding surge that pegged the business at roughly $11 billion. The wearable maker has locked in about 50,000 square feet at 500 Pine Street in the North Financial District, a downtown move that signals a major U.S. buildout as it scales hardware, subscription services and clinical partnerships.
According to the San Francisco Business Times, Oura has agreed to lease the entire office portion of 500 Pine, roughly 50,000 square feet spread across multiple floors. The publication reports that the space is set to function as the company’s U.S. hub for engineering, operations and commercial teams.
In a press release cited by Business Wire, Oura said it has raised more than $900 million in new capital and is valued at approximately $11 billion, and the company now lists San Francisco as its U.S. headquarters. The release points to rapid product and revenue growth as the key forces behind its push to expand U.S. operations.
Coverage of the recent fundraising places the Series E round in the $875 million to $900 million range, a deal that roughly doubled Oura’s valuation compared with its prior financing, according to Bloomberg. That influx of capital has been used to back new product lines and clinical partnerships while speeding up Oura’s broader U.S. expansion plans.
About the building
The mixed use property at Pine and Kearny was acquired by Heitman in 2018 for roughly $73 million, according to Mingtiandi, which highlights the building’s LEED Gold features and roster of earlier tenants. That history means Oura is stepping into a turnkey office setup rather than a raw shell, an arrangement that tends to appeal to fast growing hardware and software companies that would prefer not to wait out a long build.
What this move means for the city
A full office lease of this size from a fast growing wearables player counts as a notable vote of confidence for downtown landlords after several years of uneven demand. Reporting on San Francisco leasing activity has pointed to stronger momentum in late 2025, helped along by tech and health tech firms that are reentering the market for premium, centrally located space.
The deal plants a rapidly scaling wearables brand in the heart of San Francisco’s Financial District as Oura builds out its U.S. footprint. Additional details on timing or staffing plans for the new offices could arrive later if the company or the property owner decides to share more.
