Hearing aid technology company Yes Hearing raises $10M

Hearing technology and audiology care company Yes Hearingwhich gives an internet platform and at-home remedy for the listening to impaired, scored $10 million in Series A funding spherical led by Blue Heron Capital.

Other contributors within the spherical embrace Ensemble Innovation Ventures, Primetime Partners, Maccabee Ventures and Gaingels.

WHAT IT’S FOR

The new funding spherical will assist the company scale its direct-to-consumer operations, velocity up the event of its residence care platform, and strengthen its market, service and product choices.

New York-based Yes Hearing may even add Todd Walrath, CEO of HomeCare.com and ShiftMed, to its board of administrators.

“The FDA’s recent decision to allow over-the-counter sales is amazing for hearing aid awareness and access. We are very excited for more people to get the hearing aids they need, but hearing care is so much more than that. Yes Hearing offers an in-home service that provides the knowledge and counseling required to increase the actual usage of hearing aids. This leads to long-term health benefits beyond just hearing, including communication, mobility, dementia prevention and more,” Sam Shear, CEO of Yes Hearing, informed MobiHealthNews.

MARKET SNAPSHOT

Tea FDA established a brand new regulatory class that got here into impact in October for over-the-counter listening to aids that do not require a prescription, medical examination or becoming adjustment.

Other corporations within the area embrace Eargo, which rolled out its sixth-generation listening to aid in January. The up to date gadgets are outfitted with “mask mode” to assist mitigate the challenges one faces when talking to somebody carrying a masks.

AI-powered listening to aid maker Audibel affords automated quantity adjustment and fall detection capabilities, and audio gear maker Bose permits customers to suit, program and management its SoundControl listening to aids instantly from a smartphone.

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