Sophono, Inc., based in Boulder, Colorado, designs and manufactures implantable, magnetic bone-conduction hearing devices. Its FDA-cleared Alpha 1 is an abutment-free, implantable, bone-anchored hearing device for individuals with conductive hearing loss, mixed hearing loss, and single-ear deafness. The company maintains an office in Germany and sells through distributors in more than 20 countries. Led by president and CEO Jim Kasic, Sophono intends to use recent financing to increase a global sales force, further develop products already on the market, introduce additional products, and expand manufacturing facilities in Boulder. Sophono closed a $7M Series B financing led by Wexford Capital LP to support those plans. The company focuses on expanding commercial and manufacturing capabilities to support its international distribution.

Total raised

$7M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2012