暗网吃瓜

Medical device startup raised $71 million in a new round of funding, the company announced Wednesday.

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Eargo makes direct-to-consumer hearing aids, allowing customers to access help for their hearing loss from their homes. The company also offers online hearing screenings and virtual support, so customers don鈥檛 need to have an in-person visit.

New investors and co-led the round, which included participation from existing investors the Charles and Helen Schwab Foundation, , and . Glide Healthcare鈥檚 and Longitude Capital鈥檚 will be joining Eargo鈥檚 board of directors, according to a from the company.

The Series E round will help Eargo 鈥渆xpand commercialization during a period of accelerated consumer demand for its direct-to-consumer hearing loss solution,鈥� according to a statement from the company.

鈥淲hile our business was performing well before COVID-19, the pandemic accelerated consumer demand for our hearing loss solution,鈥� CEO Christian Gormsen said in a statement. 鈥淢ore consumers who are reluctant to purchase their hearing aids through the traditional brick and mortar clinics have recognized the benefits of our solution.”

The new funding brings Eargo鈥檚 to at least $206.6 million. The company last raised money with its $52 million in March 2019, which was led by.

Illustration: Li-Anne Dias