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Japan: Olive Union raises $20m to expand into digital hearing therapeutics

Hearing health company Olive Union has closed a $7M Series B round led by Beyond Next Ventures, Bonds Investment Groups and Japan Policy Finance Corporation.

With the current round and cumulative $20m in lifetime funding, Olive said it Olive is preparing to ship its new FDA-registered Olive Pro wireless earbuds and smart hearing aids later this year. It also plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology.

Olive Union founder and chief executive Owen Song said: “Collective exposure to prolonged and nearby loud noises has put us in the middle of an unprecedented decline in global hearing health.

“We started Olive to be the antithesis of an ageing hearing aid industry that lacks innovation, but quickly learned that our biggest challenge was a lack of hearing health education. We’re dedicated to educating the general public in an easy-to-understand way on why they need to take their hearing health as seriously as their vision, heart and gut health.”
Posted on: 08/04/2021 UTC+08:00


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