Tuned, a provider of virtual hearing care for patients of all ages, raised $3.5 million in equity funding.
Distributed Ventures led the investment round with participation from Idealab NY and Elements Health Ventures.
Including the latest funding round, Tuned has raised more than $6 million in funding to date. The hearing care startup previously received $2.5 million in seed funding in September 2022.
With new funds, the company plans to scale up its digital hearing care solutions. Available as an employer-sponsored benefit, Tuned offers lifelong preventative hearing care and hearing benefits to patients of all ages. Today, 1.4 million people access Tuned through employer benefits and marketplaces, according to the company website.
Commenting on the funding news: Danny Aronson, CEO and Co-founder of Tuned, said: “This funding represents a significant milestone for our platform as we continue to expand our team of audiologists and partner with employers to integrate hearing health into employee benefits packages.”
“Having been impacted by hearing loss myself, I’ve experienced firsthand how expensive and ineffective this vertical of healthcare can be and the need for a telehealth platform that makes hearing care more attainable. Hearing care’s time has come; the technology is available, but what’s missing is an understanding and awareness that hearing is an important part of employees’ overall health and should be integrated into their coverage and healthcare offerings,” added Danny Aronson.
According to our funding database, telehealth companies providing remote hearing care have raised more than $2 million in funding to date. More recently, Yes Hearing, a telehealth startup providing in-home and virtual audiology care services, raised $10 million in Series A funding led by Blue Heron Capital with participation from Primetime Partners, Ensemble Innovation Ventures, Maccabee Ventures, and Gaingels.
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