InSound raises capital to the tune of $2.8M to sell hearing aids
InSound Medical, a manufacturer of invisible hearing aids that can be worn for extended periods of time, has brought in $2.8 million of a targeted $4.5 million round of debt and rights, according to a filing with the SEC. Past investors in the Newark, Calif. company include the Stanford Group, CMEA Capital, De Novo Ventures, Johnson & Johnson Development Corp., Psilos Group, Sightline Partners and Gund Investment.
The company claims that its product, called the Lyric, can be left in during exercise, sleep and showers. Because there are no batteries to change in the model, it never needs to be switched out or maintained.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.