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Berlin-Based Mimi Hearing Technologies Closes $25 Million Series B Funding To Become The World'S Largest Platform For Hearing Wellbeing

PRIVATEDec 15, 2021•over 4 years ago

Amount Raised

$25 Million

Round Type

series b

Berlin

Description

Mimi Hearing Technologies, the global leader in hearing wellbeing and audio personalization software, today announced the closing of $25 million in Series B funding. The funding round is led by MIG Capital in a consortium with a larger Munich-based family office and Salvia, the family office of Helmut Jeggle, along with additional German family offices and existing shareholders.

Company Information

Company

Mimi Hearing Technologies

Location

Berlin, Maryland, United States

About

Founded in 2014 in Berlin by Philipp Skribanowitz (CEO) and Dr. Nicholas Clark (Chief Scientist), Mimi Hearing Technologies is a world-leading software provider of digital hearing. It develops digital hearing tests and hearing-ability based sound personalization technology. Mimi's in-house team of hearing scientists developed its biologically inspired and proprietary audio processing technology, that learns how well a user hears, in order to optimize their listening experience. Backed by years of scientific research and a global IP portfolio with +75 patents and a database of ~2 million hearing tests, Mimi aims to give users the best possible listening experience by tailoring audio signals across any electronic audio devices to the user's individual hearing ability. Mimi is easily integrated into consumer electronics devices, such as headphones, smartphones, TVs, in-flight entertainment systems and a range of systems and platforms. The company licenses its platform-agnostic software solutions to manufacturers of consumer tech devices, streaming providers and hearing aid companies. It has recently won customers from Europe, the U.S. and Asia including Skullcandy, Philips and Loewe. Mimi's ultimate mission is to create a world where hearing is no longer a barrier to interaction and enjoyment. The company's website can be found at mimi.io.

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