All the fundraising deals in the wearable technology market (from Q2 2025 to Q2 2026)
Download our beautiful pitch about the wearable technology market
In our wearable technology market deck, you will find everything you need to understand the market
Wearable technology startups announced 22 funding rounds worth $2.51 billion between Q2 2025 and Q2 2026.
ŌURA and WHOOP received 58.9% of all capital raised in the wearable technology market during this period.
Smart rings, fitness bands and connected eyewear attracted most of the funding, while early-stage startups continued to test new health and AI products.
And if you want to better understand this new industry, you can download our pitch covering the wearable technology market.
Insights
- ŌURA and WHOOP raised a combined $1.48 billion, which represented 58.9% of all wearable technology funding across the five quarters.
- The average wearable technology funding round was $113.9 million, but this figure was heavily increased by a small number of very large deals.
- Without the ŌURA and WHOOP rounds, the average deal size in the wearable technology market falls from $113.9 million to $51.5 million.
- Connected eyewear produced ten funding rounds when smart glasses, XR glasses, adaptive glasses and smart contact lenses are counted together.
- Wearable technology funding reached its highest level in Q4 2025 because ŌURA and Sesame raised a combined $1.15 billion.
- Q2 2026 was the weakest quarter, with only two deals and $15.1 million raised by Sychedelic and Clair Health.
- Large consumer platforms received most of the capital, while smaller wearable technology startups continued to raise seed rounds below $10 million.
- Health monitoring is expanding beyond wrist devices into rings, earbuds, headphones, glasses, bracelets and temple-worn sensors.
- No investor completed more than one publicly confirmed wearable technology deal, which suggests that investor activity remained highly company-specific.
This market map, featured in our wearable technology market deck, highlights top companies and startups in the wearable technology market
Summary table of the funding deals in the wearable technology market (last 5 quarters)
We define the wearable technology market as all consumer electronic devices that are designed to be worn on the body and connect digitally to other products or services.
We include smartwatches, fitness bands, hearables such as connected earbuds and headphones, AR and VR headsets, smart glasses, smart clothing, footwear and jewelry with embedded sensors.
We exclude purely clinical medical devices and implants, as well as non-worn connected products such as smart scales, home fitness machines and smart home equipment.
You can also read our detailed analysis to understand how funding activity in the wearable technology market has evolved over the last few years.
Also, you should know that we have a dedicated page, updated weekly, with all the latest fundraising deals in the wearable technology market.
| Name | What they do | Amount in $ | Quarter |
|---|---|---|---|
| IXI | Develops prescription glasses with lenses that automatically refocus by tracking the wearer’s eyes. | $36.5M | Q2 2025 |
| XREAL | Makes consumer AR glasses for entertainment, gaming, productivity and spatial applications. | $27.5M | Q2 2025 |
| XPANCEO | Develops smart contact lenses with displays, health sensors, night vision and optical zoom. | $250M | Q3 2025 |
| Mira, then Halo | Builds AI glasses that record conversations and retrieve useful information for the wearer. | $1M | Q3 2025 |
| VITURE | Makes connected XR glasses for gaming, entertainment and portable spatial-computing experiences. | $100M | Q3 2025 |
| OnTracx | Makes wearable sensors that measure running load, training stress and injury risk. | $1.4M | Q3 2025 |
| ŌURA | Sells a smart ring that tracks sleep, activity, stress, recovery and wellness signals. | $900M+ | Q4 2025 |
| Sesame | Develops conversational AI and lightweight glasses for persistent voice-based assistance. | $250M | Q4 2025 |
| NextSense | Builds wireless earbuds with EEG sensors that measure sleep, focus and brain activity. | $16M | Q4 2025 |
| Emm | Develops a connected menstrual cup that measures menstrual flow and cycle-related signals. | $9M | Q4 2025 |
| Mira | Builds AI glasses that capture context and surface memories, translations and useful information. | $6.6M | Q4 2025 |
| NeoSapien | Builds a wearable AI assistant that records conversations and remembers personal context. | $2M | Q4 2025 |
| Neurable | Develops brain-sensing technology for headphones that monitor focus, fatigue and cognitive recovery. | $35M | Q4 2025 |
| XREAL | Makes lightweight AR glasses for entertainment, gaming, productivity and spatial computing. | $100M | Q1 2026 |
| Runeasi | Uses wearable motion sensors and AI to analyse running, walking and jumping movements. | $1.08M | Q1 2026 |
| Temple | Develops a temple-worn device that measures cerebral blood flow and provides wellness insights. | $54M | Q1 2026 |
| VITURE | Makes XR glasses used as private displays for gaming, entertainment and productivity. | $100M | Q1 2026 |
| Mave Health | Develops a wearable headset designed to support focus, mood and stress regulation. | $2.1M | Q1 2026 |
| Sandbar | Builds a voice-enabled smart ring that captures notes and connects with AI assistants. | $23M | Q1 2026 |
| WHOOP | Offers a screenless fitness band that measures sleep, recovery, strain and health. | $575M | Q1 2026 |
| Sychedelic | Develops connected headphones combining audio, neurostimulation and biological feedback. | $3.5M | Q2 2026 |
| Clair Health | Develops a wrist-worn device that continuously models hormone-related changes for women. | $11.6M | Q2 2026 |
In our wearable technology market deck, we identify pain points entrepreneurs should prioritize
How has funding activity in the wearable technology market changed over time?
Q4 2025 was the most active quarter, with $1.22 billion raised, mainly because ŌURA and Sesame secured two very large rounds.
Q2 2026 was the least active quarter because only Sychedelic and Clair Health announced qualifying deals.
Wearable technology funding fell by 98.2% from Q1 2026 to Q2 2026, and it fell by 76.4% compared with Q2 2025.
Once the largest one or two rounds are removed from each quarter, wearable technology funding looks much steadier and much smaller. Most remaining rounds were early-stage deals below $40 million.
| Quarter | Number of deals | Total raised ($) | Comment |
|---|---|---|---|
| Q2 2025 | 2 | $64.0M | IXI and XREAL produced a solid quarter without a deal above $50 million. |
| Q3 2025 | 4 | $352.4M | XPANCEO and VITURE generated nearly all funding in the wearable technology market. |
| Q4 2025 | 7 | $1.22B | ŌURA and Sesame made Q4 2025 the largest quarter by a wide margin. |
| Q1 2026 | 7 | $855.2M | WHOOP led the quarter, while XREAL and VITURE also completed large financings. |
| Q2 2026 | 2 | $15.1M | Funding slowed sharply because the quarter contained only two early-stage deals. |
| All quarters | 22 | $2.51B | Five quarters of wearable technology funding were dominated by a few large consumer platforms. |
This chart, included in our wearable technology market deck, shows why Whoop is leading in wearable technology
Which startups in the wearable technology market raised the largest rounds over the last months?
These startups raised the most recently in the wearable technology market:
- ŌURA raised more than $900 million to expand internationally, develop preventive-health features and strengthen the smart ring company’s distribution network.
- WHOOP raised $575 million to grow internationally and develop its screenless fitness band into a broader continuous-health platform.
- XPANCEO raised $250 million to combine several smart contact lens prototypes and prepare the product for commercialization and regulatory approval.
- Sesame raised $250 million to improve its conversational AI models and continue developing lightweight AI glasses.
- VITURE raised $100 million in Q3 2025 to develop new XR glasses, expand internationally and build a larger software ecosystem.
- XREAL raised $100 million in Q1 2026 to increase production, improve global distribution and support Android-based spatial computing.
- VITURE raised another $100 million in Q1 2026 to fund international expansion and develop its next generation of XR products.
- Temple raised $54 million to complete its cerebral-blood-flow wearable, expand its team and prepare for commercialization.
- IXI raised $36.5 million to finish developing its automatically focusing prescription glasses and begin commercial operations.
- Neurable raised $35 million to commercialize its brain-sensing technology and place the technology inside more consumer headphones.
And, yes, we do cover most of them in our beautiful pitch about the wearable technology market.
You may also want to check our ranking of the most funded startups in the wearable technology market as well as our list of the most valued startups.
This chart, included in our wearable technology market deck, illustrates yearly funding for wearable technology startups
Is the wearable technology market shifting toward smaller or bigger deals?
The average wearable technology funding round was $113.9 million across the five quarters.
The quarterly average ranged from $7.6 million in Q2 2026 to $174.1 million in Q4 2025. The average changed sharply because a few large rounds represented most of the wearable technology funding.
Without the largest deals, the wearable technology market shows a steadier flow of seed and Series A rounds, usually between $1 million and $40 million.
| Quarter | Number of deals | Average deal size | Deals below $2M | Deals above $50M |
|---|---|---|---|---|
| Q2 2025 | 2 | $32.0M | 0 | 0 |
| Q3 2025 | 4 | $88.1M | 2 | 2 |
| Q4 2025 | 7 | $174.1M | 0 | 2 |
| Q1 2026 | 7 | $122.2M | 1 | 4 |
| Q2 2026 | 2 | $7.6M | 0 | 0 |
| All quarters | 22 | $113.9M | 3 | 8 |
This chart, included in our wearable technology market deck, compares the main business model options for wearable technology brands
How concentrated was funding activity in the wearable technology market?
Funding was highly concentrated because the largest deal represented more than half of quarterly funding in every quarter. Across all five quarters, the ten largest rounds captured 95.8% of wearable technology funding.
This concentration means that headline totals can rise or fall quickly even when the number of smaller wearable technology deals remains stable.
| Quarter | Number of deals | Top 1 | Top 3 | Top 10 |
|---|---|---|---|---|
| Q2 2025 | 2 | 57.0% | 100.0% | 100.0% |
| Q3 2025 | 4 | 70.9% | 99.7% | 100.0% |
| Q4 2025 | 7 | 73.9% | 97.2% | 100.0% |
| Q1 2026 | 7 | 67.2% | 90.6% | 100.0% |
| Q2 2026 | 2 | 76.8% | 100.0% | 100.0% |
| All quarters | 22 | 35.9% | 68.9% | 95.8% |
This chart, featured in our wearable technology market deck, illustrates how revenue is divided among customer segments in the wearable technology market
Which categories in the wearable technology market received the most funding?
Smart rings received $923 million, or 36.8% of all wearable technology funding, mainly because of ŌURA’s $900 million round. Sandbar added a smaller AI-focused smart ring deal.
Fitness bands received $575 million, or 23.0% of total funding. The full amount came from WHOOP’s Series G round.
XR glasses received $327.5 million, or 13.1% of total funding. XREAL and VITURE raised capital to expand connected eyewear for entertainment and spatial computing.
| Category name | Number of deals | Total raised ($) | Startups and amount |
|---|---|---|---|
| Smart rings | 2 | $923.0M | ŌURA: $900M+; Sandbar: $23M |
| Fitness bands | 1 | $575.0M | WHOOP: $575M |
| XR glasses | 4 | $327.5M | XREAL: $127.5M; VITURE: $200M |
This chart, included in our wearable technology market deck, shows how health monitoring wearable technology has evolved over time
Who are the biggest investors in the wearable technology market?
No investor completed more than one publicly confirmed deal in the wearable technology market during the five-quarter period.
Fidelity Management & Research led ŌURA’s financing, which was the largest wearable technology round in the dataset.
Opportunity Venture was the sole disclosed investor in XPANCEO’s $250 million Series A.
Collaborative Fund led WHOOP’s $575 million Series G, but Collaborative Fund did not appear in another qualifying round.
Legend Capital, Plural, General Catalyst, Spectrum Moonshot Fund, Ascension Ventures, Merak Ventures and Khosla Ventures also appeared once.
Disclaimer: this investor list may be incomplete; we focus on publicly disclosed lead and prominent recurring investors, so some frequent minority participants may be underrepresented. “Total funded” does not represent the amount personally invested by an individual investor. Instead, it refers to the aggregate amount raised across all fundraising rounds in which the investor participated.
| Investor | Number of deals | Total funded ($) | Startups |
|---|---|---|---|
| No publicly disclosed investor participated in more than one qualifying wearable technology funding round. | |||
This chart, included in our wearable technology market deck, shows how health-tracking adoption has driven growth in the wearable technology market over time
Related blog posts
- A full list of funding deals in wearable technology
- The most recent funding news in wearable technology
- How strong is fundraising in the wearable technology market right now?
