What is Audicus?
Audicus is a pioneering company that provides award-winning, affordable hearing aids directly to consumers online. By circumventing traditional audiologist costs, Audicus has empowered hundreds of thousands of individuals to lead more connected lives, facilitating over $50 million in savings since its inception in 2012. The company has also been at the forefront of accessibility by introducing a hearing aid subscription service, offering customizable devices starting at $39 per month. This disruptive approach positions Audicus as a key player in democratizing access to hearing healthcare solutions.
How much funding has Audicus raised?
Audicus has raised a total of $5.9M across 3 funding rounds:
Debt
$1.6M
Private Equity
$4.2M
Debt
$150K
Debt (2013): $1.6M, investors not publicly disclosed
Private Equity (2017): $4.2M, investors not publicly disclosed
Debt (2020): $150K supported by PPP
What's next for Audicus?
The recent major strategic investment signals a pivotal moment for Audicus, likely enabling the company to accelerate its expansion initiatives. This capital infusion is expected to fuel further product development, enhance its direct-to-consumer platform, and potentially broaden its market reach. Audicus's commitment to affordability and accessibility, coupled with its innovative subscription model, positions it for continued growth and leadership in the evolving hearing healthcare landscape. The company's ability to attract substantial enterprise-level funding highlights its strong market traction and future potential.
See full Audicus company page
