Eargo (EAR) aims to raise $100 million in an IPO of its common stock, according to an S-1 registration statement.
San Jose, California-based Eargo was founded to develop modern hearing aid products that can be worn in the ear in a virtually invisible manner, reducing the stigma of hearing loss treatments.
Management is headed by president and CEO Christian Gormsen, who has been with the firm since 2014 and was previously at GN Group, an intelligent audio solutions company.
Below is a brief video of Eargo’s product commercial:
The company’s primary offering is its Neo HiFi in ear hearing aid.
Eargo has received at least $153 million from investors including New Enterprise Associates, Maveron, Future Fund, Pivotal Alpha, Cooperative Glide Healthcare, Longitude Venture Partners and The Charles and Helen Schwab Living Trust.
The company markets its hearing aid directly to consumers via online and offline media and a