10 (tied). Earlens
Menlo Park, Calif.
Venture capital raised: $38 million
Earlens raised $38 million in venture capital for its expansion stage during the second quarter of 2017, according to the MoneyTree Report. Investors include Aisling Capital, Cochlear, CRG, Lightstone Ventures, Richard King Mellon Foundation Endowment Fund, SightLine Partners, Vertex Venture Holdings and Windham Venture Partners. This is the company’s fourth time raising money through venture capital firms.
The company develops Earlens hearing aids that are unlike traditional hearing aids. Instead of using sound through a speaker to transmit audio, the device use light to overcome some of the limitations that come with other hearing aids.