What is Eversound?
Eversound specializes in providing advanced audio solutions tailored for senior living communities. Their flagship product, the EverSound Wireless Headphone System, is engineered to improve seniors' ability to hear and engage in various activities, from communal events to personal entertainment. The system comprises ergonomic headphones, long-range transmitters, and convenient charging stations, all aimed at fostering better communication and participation. Beyond audio, Eversound also offers complementary services like digital signage and community engagement tools, positioning itself as a comprehensive technology provider for the healthcare and hospitality sectors, particularly for facilities focused on enhancing resident interaction and satisfaction.
How much funding has Eversound raised?
Eversound has raised a total of $10.4M across 4 funding rounds:
Private Equity
$3M
Series A
$5M
Debt
$350K
Unspecified
$2.1M
Private Equity (2016): $3M with participation from 10X Venture Partners, Red Bear Angels, and Shelter Group
Series A (2019): $5M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Unspecified (2020): $2.1M featuring Undisclosed
Key Investors in Eversound
10X Venture Partners
10X Venture Partners is an operator-led angel investment group that specializes in early-stage investments in software, AI, and infrastructure companies, bringing entrepreneurial expertise to support emerging businesses.
Red Bear Angels
Red Bear Angels is Cornell's premier angel investment network, focusing on sectors such as big data, crypto, fintech, healthcare, and robotics, connecting Cornell-affiliated startups with accredited investors.
Shelter Group
The Shelter Group, which later became Brightview Senior Living, has a history of developing and operating senior living communities, indicating a deep understanding of the sector's operational and market dynamics.
What's next for Eversound?
With the recent injection of major strategic capital, Eversound is poised for accelerated growth and market penetration. The company's focus on enhancing auditory engagement for seniors addresses a critical need within the rapidly expanding elder care market. Future initiatives are likely to involve scaling production, expanding distribution channels, and potentially developing next-generation audio and communication technologies. This strategic investment signals strong confidence from backers in Eversound's business model and its potential to significantly impact the senior living industry through technological innovation.
See full Eversound company page
