About Eargo
Eargo is a company based in San Jose (United States) founded in 2010 by Florent Michel.. Eargo has raised $216.58 million across 7 funding rounds from investors including SQ Capital, NEA and Charles and Helen Schwab Foundation. The company has 45 employees as of December 31, 2022. Eargo operates in a competitive market with competitors including Amplifon, Starkey, Audicus, IntriCon and InSound Medical, among others.
- Headquarter San Jose, United States
- Employees 45 as on 31 Dec, 2022
- Founders Florent Michel
- Stage Public
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Sectors
HealthcareRetail Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$216.58 M (USD)
in 7 rounds
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Latest Funding Round
$125 M (USD), Post-IPO
Jun 27, 2022
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Investors
SQ Capital
& 10 more
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Employee Count
45
as on Dec 31, 2022
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Funding Insights of Eargo
Eargo has successfully raised a total of $216.58M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $125 million completed in June 2022. 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 7
- Last Round Post-IPO — $125.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Post-IPO - Eargo | Valuation |
investors |
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| Sep, 2020 | Amount | Series E - Eargo | Valuation | Gilde Healthcare , Longitude Capital | |
| Jan, 2019 | Amount | Series D - Eargo | Valuation | Future Fund |
| 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 |
Investors in Eargo
Eargo has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include SQ Capital, NEA and Charles and Helen Schwab Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital investments in consumer businesses, emphasizing technology and human behavior.
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Founded Year | Domain | Location | |
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Corporate backed venture capital firm investing in life sciences sector
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eargo
| 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 - Eargo
| 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 |
Eargo Comparisons
Competitors of Eargo
Eargo 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 Amplifon, Starkey, Audicus, IntriCon and InSound Medical, 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 |
Hearing aids and accessories are manufactured, distributed, and retailed.
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| domain | founded_year | HQ Location |
Developer and manufacturer of hearing aids
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| domain | founded_year | HQ Location |
Hearing aids are manufactured and sold online at reduced prices.
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| domain | founded_year | HQ Location |
Miniature hearing aids and biomedical solutions are developed by IntriCon.
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| domain | founded_year | HQ Location |
Extended-wear, invisible in-ear hearing systems were developed and marketed.
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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 Eargo
Frequently Asked Questions about Eargo
When was Eargo founded?
Eargo was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Eargo located?
Eargo is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of Eargo?
Christian Gormsen is the current CEO of Eargo.
Is Eargo a funded company?
Eargo is a funded company, having raised a total of $216.58M across 7 funding rounds to date. The company's 1st funding round was a Series D of $52M, raised on Jun 01, 2013.
How many employees does Eargo have?
As of Dec 31, 2022, the latest employee count at Eargo is 45.
What does Eargo do?
Eargo was founded in 2010 in San Jose, United States, focusing on the hearing aid sector. Rechargeable devices that fit entirely inside the ear are offered, constructed using Flexi fiber and soft medical-grade silicon to suspend a small speaker. A mobile app is provided for adjusting settings across various listening environments. Products such as Eargo Neo and Eargo Max form part of the range.
Who are the top competitors of Eargo?
Who are Eargo's investors?
Eargo has 11 investors. Key investors include SQ Capital, NEA, Charles and Helen Schwab Foundation, Maveron, and Nan Fung Life Sciences.