" " Hearing health startup TympaHealth scores $23M – Wellness for Life " "
Wellness for Life
Advertisement
  • Home
  • News
  • Family Wellness
  • Health and Wellbeing
  • Mental Wellness
  • Contact us
No Result
View All Result
  • Home
  • News
  • Family Wellness
  • Health and Wellbeing
  • Mental Wellness
  • Contact us
No Result
View All Result
Wellness for Life
No Result
View All Result
Home News

Hearing health startup TympaHealth scores $23M

admin by admin
April 29, 2023
in News



Hearing care startup TympaHealth scooped up $23 million in a Series A funding round led by Octopus Ventures. 

The raise also included participation from existing investors and newcomers Dara Capital, Rezayat investments and angels Bob Davis and Jeff Leerink.

The London-based company previously raised $8 million in seed funding early last year. 

WHAT THEY DO

Tympa offers a portable system that uses a smartphone for hearing health assessments. The company pitches the device as a way for clinics and community-based providers to capture high-definition images of the inside of patients’ ears, remove wax and conduct hearing assessments. 

The company said that it plans to use the Series A funds to expand its team and services in the U.K and Europe. Tympa also plans to enter the U.S. market. 

“The use of proceeds will be used to accelerate development of key products and services as well as allow for growth into other markets. I am excited about what the future holds, and most importantly, our ongoing dedication to ear and hearing health, made easy,” Dr. Krishan Ramdoo, founder and CEO of TympaHealth, said in a statement. 

MARKET SNAPSHOT

Last year, the FDA established a new rule that allows for the over-the-counter sale of hearing aids to adults with mild-to-moderate hearing loss. A number of hearing aid and hearing health companies have jumped on the newly expanded market. 

In November, Yes Hearing, which provides an online platform and at-home treatment for the hearing impaired, scored $10 million. Hearing aid maker Lucid Hearing announced a new line of OTC hearing aids. 

Eargo, which makes tech-enabled hearing aids, announced a new majority owner late last year. Patient Square Capital said the company was well positioned for future growth, particularly with the new FDA rules.

Last month, Eargo released its fourth quarter earnings, reporting net revenue of $12.9 million compared with $10.1 million in the fourth quarter of 2021. Net loss was $43.8 million. The company attributed its revenue and system shipment growth to sales to its retail partner Victra.



Source link

Previous Post

Funeral Industry Dumps Formaldehyde Into Soil

Next Post

Paint Yourself a Happy Picture to Keep Negative Thoughts at Bay

Next Post

Paint Yourself a Happy Picture to Keep Negative Thoughts at Bay

Recommended

Diet Culture and Artificial Intelligence Don’t Mesh

August 18, 2023

Secular Concerns Can Be Solved by Faith-Friendly Solutions

September 17, 2023

Don't miss it

Family Wellness

Five Ingredients You Need for a Healthy Family

October 2, 2023
Family Wellness

Fall Family Fun: Experiences, Spots and Events for the Season

October 2, 2023
Family Wellness

The Financial Impact of Multiple Sclerosis

October 1, 2023
Health and Wellbeing

This Protein Milkshake Is the Tastiest Way to Re-Fuel

October 1, 2023
Health and Wellbeing

Chicken Enchilada Skillet – Fit Foodie Finds

October 1, 2023
News

Contributed: Advancing patient care through simulation learning

October 1, 2023

© Wellness For Life News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Family Wellness
  • Health and Wellbeing
  • Mental Wellness
  • Contact us

Newsletter Sign Up

Loading
No Result
View All Result
  • Home
  • News
  • Family Wellness
  • Health and Wellbeing
  • Mental Wellness
  • Contact us

© 2022 Wellness For Life News Hubb All rights reserved.