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Hong Kong's Nan Fung Leads $45 Million Round for US Hearing Device Maker

publication date: Oct 20, 2017

Eargo, a Silicon Valley direct-to-consumer hearing aid company, closed the first tranche of a $45 million Series C round, led by Hong Kong's Nan Fung Life Sciences Fund. The round included investors New Enterprise Associates, Charles and Helen Schwab, and Maveron. Eargo makes a small, nearly invisible hearing aid that it says is comfortable and rechargeable. The device, which costs just under $2,000 per pair, is a Class I, FDA-regulated product. More details....

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