• iHear Medical

  Led · Convertible Note · Sep 2017

  iHear Medical offers direct-to-consumer hearing products and services, including an FDA-cleared OTC home hearing test, advanced customized discreet hearing aids, and remote professional support by licensed hearing professionals. The company’s offerings are positioned to serve local communities anywhere with online access. Led by Founder and President Adnan Shennib, iHear has built direct sales channels and plans to expand distribution into major retailers and wholesalers. The expansion strategy follows the passage of the OTC Hearing Aid Act of 2017 into law. Financially, the company completed a $2.3M financing in the form of convertible debt to fund that go-to-market expansion. As part of the financing, experienced executive Michael G. Potter joined iHear Medical’s board of directors. iHear Medical is a San Leandro, California–based developer of web-enabled, direct-to-consumer hearing products that combine high-quality sound with online self-programming and Bluetooth Low Energy connectivity. The company launched its devices in July 2016 for U.S. direct-to-consumer sales. Its products leverage BLE to connect with smartphones and smart devices. iHear plans to scale up manufacturing and distribution and to develop wireless products featuring novel Internet of Things (IoT) capabilities. Financially, the company closed a $4.1M Series C-2 financing led by Ameritas, with participation from Aphelion Capital and Lighthouse Capital. The company is led by founder and CEO Adnan Shennib and planned a China launch in Q4 2017. iHear Medical develops web-enabled hearing products and is led by founder and CEO Adnan Shennib. The company is based in San Leandro, California and planned online distribution in the U.S. in Q2 2015. It aimed to fulfill existing pre-orders sourced from a $242k Indiegogo campaign before broader launch. Financially, the company expanded its third round of financing to $5M. The fundraising follows an initial $2.5M first tranche announced in May 2014. The financing is intended to support the company’s product rollout and operations in U.S. markets. iHear Medical develops advanced hearing products aimed at treating multiple types of hearing loss. The company is led by founder and medical device entrepreneur Adnan Shennib and was incubated by the Center for Medical Device Innovations (CMDI). It has completed a $1.8M second round of financing. The company intends to use the new capital to complete development of its products. Jonathan Leong has joined iHear Medical's board of directors. Early backers of the company include Aphelion Capital and Highlight Capital.

No current team members are available.