# Sparta Software Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sparta-software

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.spartascience.com
- Total disclosed funding: $27M
- Latest round: Series B (Feb 27, 2020)
- Investors on record: 9

## About

Sparta Software Corporation, based in Menlo Park, US, specializes in developing software solutions that enhance health metrics through innovative technology, focusing primarily on fitness, sleep, and overall wellness.Founded in 2009, Sparta Software Corporation is a technology firm that designs software aimed at improving health metrics. Its operations have remained consistent since inception, with no noted pivots or changes in business strategy. The company was founded by Phil Wagner, who has a history of entrepreneurship, and has engaged in 9 deals to date. The latest funding round, Series B, occurred in October 2024, raising USD 3.84 mn, bringing the total amount raised to USD 3.84 mn and achieving a current valuation of USD 51.09 mn. The company is headquartered in Menlo Park, US.Sparta Software Corporation develops the Oura Ring, a smart ring that monitors various health metrics, including heart rate, sleep quality, and activity levels. The Oura Ring 4 and its predecessor, the Oura Ring Gen3, feature advanced biometric sensors and provide insights tailored to users' health profiles, catering to consumers interested in fitness and wellness across markets in the US, Canada, Europe, and parts of Asia.The company generates revenue mainly through direct sales of the Oura Ring and its membership service, which offers users enhanced analytics and personalized health insights. The Oura Ring 4 is priced starting at USD 349, while the Oura Ring Gen3 starts at USD 199. Additional revenue streams include sales of accessories and potential partnerships with healthcare providers and businesses focusing on wellness programs.In October 2024, Oura Health Ltd. acquired Sparta Software Corporation to strengthen its enterprise offerings and improve integration with client systems. This acquisition is expected to enhance Sparta's capabilities and expand its market reach. Future plans include the development of new products and entering additional markets, with specific regions yet to be disclosed.

## Funding rounds

- Series B, Feb 27, 2020, $17M — GSR Ventures, Arsenal Growth
- Series A, Dec 19, 2017, $6.9M — Playground Ventures
- Seed, Jun 26, 2017, $0.7M — Fyrfly Venture Partners
- Seed, Nov 7, 2016, $2.7M — Western Technology Investment, Qualcomm Ventures, Vista Ventures, X/Seed, Fyrfly Venture Partners, Spider Capital

## Investors

- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Seed
- Vista Ventures (https://capitalatlas.ai/funds/vista-ventures) — Seed
- X/Seed (https://capitalatlas.ai/funds/x-seed) — Seed
- Fyrfly Venture Partners (https://capitalatlas.ai/funds/fyrfly-venture-partners) — Seed
- Spider Capital (https://capitalatlas.ai/funds/spider-capital) — Seed
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Series A
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B
- Arsenal Growth (https://capitalatlas.ai/funds/arsenal-growth) — Series B