Sphere acquires an interest in Hear X

hearX Group, an impact-driven scale-up with a mission to increaseaccess to hearing healthcare through smart digital solutions, has completed a multimillion-dollar funding round led by Bose Ventures, the United States venture capital group within Bose Corporation.

Bose Ventures invested $3m in the round. HAVAÍC, which invests in and supports early-stage, high-growth African businesses, led the local funding round in South Africa, with co-investments from two other prominent institutional investors, Futuregrowth Asset Management and Sphere Holdings.

Bose Ventures invests in, and collaborates with, start-ups focused ontechnologies to help people live and feel better. Recognizing the value thathearX and its suite of smart hearing technologies can bring to the world was a critical factor in Bose Ventures’ commitment to invest at the end of 2019.

Co-investors HAVAÍC contributed $1.3m to the round. Futuregrowth, a fixedinterest asset manager backed by Old Mutual Investment Group contributed $3m through its Futuregrowth Development Equity Fund (DEF), and Sphere Holdings contributed $1m in this round.

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