Data Platform RackTop Systems Secures $15 Million in Series A

Eargo, the direct-to-consumer health tech company striving to destigmatize hearing loss, secured a Series D funding round of $52 million from existing investors New Enterprise Associates, the Charles and Helen Schwab Foundation, Nan Fung Life Sciences, Maveron, and new investor Future Fund, Australia’s sovereign wealth fund.

By creating the world’s smallest rechargeable hearing aids at a reduced cost, Eargo’s mission is to innovate the hearing aid industry, from how devices are made, sold, and used to customer support.

The company plans to use the funds to accelerate product innovation, enhance its customer experience, and drive domestic market growth.