Money Makers Mentor

Person-First ‘Eargo’ Closes $71 Million in Series E Financing

Medical device company, Eargo, recently announced the closing of a $71 million Series E financing round led by Longitude Capital. According to its mission statement, Eargo aims to improve consumer experience for those with hearing loss and, in turn “change the way the world thinks about hearing loss.” This person-first approach is a big draw to investors.

The company believes its hearing aids to be the first and only models of their kind. The aids are not only fully chargeable but, fit completely in the ear canal. They are also less costly than competing brands, offered at approximately half the price.

The Eargo app propels the hearing aid into the 21st century. Through the app, users are able to adjust the aids’ settings to their environment. If using the app becomes difficult, lic…

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