Stocks in the medtech industry maintained their upward trajectory, topping last week’s peak with yet another rise to new heights. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 95.66 (Oct. 16), marking a 0.6% gain from the 95.05 points registered at the end of […]
Eargo
Eargo soars after announcing $141.3M IPO
Hearing device developer Eargo announced today that it priced its initial public offering of common stock at approximately $141.3 million. Beginning trading on the Nasdaq market today under the EAR ticker, shares were trading up 102.22% at $36.40 per share in late-afternoon trading. San Jose, Calif.-based Eargo is offering more than 7.85 million shares of its […]
Eargo closes $71m financing
Hearing device developer Eargo announced today that it closed a $71 million equity financing as it looks to expand its commercialization efforts. New co-investors Gilde Healthcare and Longitude Capital led the investment, with existing investors New Enterprise Associates, the Charles and Helen Schwab Foundation and Nan Fung Life Sciences also participating. Gilde Healthcare’s Geoff Pardo […]
Eargo raises another $52 million for ‘invisible’ hearing aid
Hearing device developer Eargo said it has raised more than $52 million from existing investors and one new one. The Mountain View, Calif.-based company said it will use the money for product innovation, to increase awareness of hearing loss and improve customer experience while expanding its domestic market. Existing investors who contributed to the Series […]
Medtech companies raised more than $738 million in Q2
Venture capital firms invested more than $738 million during the second quarter of 2018, $1 million less than the first quarter of this year, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There was a total of 61 deals during Q2, an increase from the 48 that the industry saw during Q1. […]
Hearing aid dev Eargo raises $45m in Series C
Hearing device developer Eargo said yesterday it closed the 1st tranche in a $45 million in a Series C investment round. Funding in the round was led by Nan Fung Life Sciences and joined by New Enterprise Associates, Charles and Helen Schwab and Maveron, with funds slated to support continued development, marketing and branding efforts the Mountain […]
‘Invisible’ hearing aid maker Eargo raises $25m in Series B
Hearing device developer Eargo said it raised $25 million in a Series B funding round to support its ‘invisible’ in-ear hearing aid and aid Eargo in scaling business operations and accelerating production of products. The round of financing was led by New Enterprise Associates, Eargo said, though it did not name any other investors for […]
