About Audicus
Audicus is a company based in Hoboken (United States) founded in 2011 by Patrick Freuler.. Audicus has raised $8.51 million across 5 funding rounds. Audicus offers products and services including Omni 2, Spirit 2, Wave 2, and Mini 2. Audicus operates in a competitive market with competitors including ReSound, Amplifon, Eargo, WS Audiology and Widex, among others.
- Headquarter Hoboken, United States
- Founders Patrick Freuler
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Sectors
HealthcareTechnology
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Phone
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Website
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Social
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Annual Revenue
$11.9 M11as on Dec 31, 2023
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Net Profit
$-1.1 M-26as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$8.51 M (USD)
in 5 rounds
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Latest Funding Round
$200 K (USD), Series A
Aug 28, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Audicus
Audicus offers a comprehensive portfolio of products and services, including Omni 2, Spirit 2, Wave 2, and Mini 2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advanced device for clear speech in noisy environments with Bluetooth connectivity
Versatile aid for everyday use in various settings like home and outdoors
Affordable option for casual lifestyles and TV watching with basic features
Discreet rechargeable device for high-performance audiology-grade support
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Funding Insights of Audicus
Audicus has successfully raised a total of $8.51M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $200 thousand completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $200,000
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First Round
First Round
(13 Oct 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Audicus | Valuation |
investors |
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| Nov, 2023 | Amount | Series A - Audicus | Valuation |
investors |
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| Feb, 2017 | Amount | Series A - Audicus | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Audicus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Audicus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Audicus Comparisons
Competitors of Audicus
Audicus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ReSound, Amplifon, Eargo, WS Audiology and Widex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart hearing aids are supplied for people with hearing impairments.
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| domain | founded_year | HQ Location |
Hearing aids and accessories are manufactured, distributed, and retailed.
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| domain | founded_year | HQ Location |
Hearing aids are supplied for individuals with hearing disabilities.
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| domain | founded_year | HQ Location |
Hearing loss treatment devices are developed by WS Audiology.
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| domain | founded_year | HQ Location |
Hearing aids are developed for unique conditions with enhanced amplification.
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| domain | founded_year | HQ Location |
Developer and manufacturer of hearing aids
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Audicus
Frequently Asked Questions about Audicus
When was Audicus founded?
Audicus was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Audicus located?
Audicus is headquartered in Hoboken, United States. It is registered at Hoboken, New Jersey, United States.
Who is the current CEO of Audicus?
Patrick Freuler is the current CEO of Audicus. They have also founded this company.
Is Audicus a funded company?
Audicus is a funded company, having raised a total of $8.51M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.21M, raised on Oct 13, 2013.
What is the annual revenue of Audicus?
Annual revenue of Audicus is $11.9M as on Dec 31, 2023.
What does Audicus do?
Audicus is a company that manufactures hearing aids and sells them online, often undercutting middlemen like the audiologists office by as much as 80 percent. It raised 1.6 million in convertible notes from Middleland Capital, Howzat Partners, and other investors in 2013. Had a revenue run rate of about 1.5 million to 2 million at the time of the funding round.
Who are the top competitors of Audicus?
Audicus's top competitors include WS Audiology, Eargo and Widex.
What products or services does Audicus offer?
Audicus offers Omni 2, Spirit 2, Wave 2, and Mini 2.
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