Eargo, a Mountain View, CA-based maker of an invisible in-ear device for people with mild to moderate hearing loss, raised $25m in Series B funding.
This round was led by New Enterprise Associates (NEA).
The company will use the funds to scale business operations and accelerate production of its innovative hearing products.
Led by Raphael Michel, co-founder and CEO, Eargo is a consumer medical device company focused on innovative hearing solutions. Its patented Flexi Fibers, invented by ENT surgeon and Eargo co-founder Dr. Florent Michel, aims to suspend the Eargo devices in the ear canal, making them virtually invisible. They are comfortable and natural sounding as they leave the ear canal open to let natural bass sounds pass through.
The company was also co-founded by Daniel Shen.