The round was led by Ameritas, with participation from Aphelion Capital and Lighthouse Capital.
The company intends to use the funds to scale up manufacturing and distribution, and develop wireless products featuring novel Internet of Things (IoT) capabilities.
Led by Adnan Shennib, founder and CEO, iHear Medical launched web-enabled hearing products (that combine high quality sound and online self-programming and leverage Bluetooth Low Energy to connect with smartphones and smart devices) in July 2016 for direct to consumer sales in the United States, and plans to launch in China in Q4 2017.
FinSMEs
19/01/2017