Mimi Hearing Technologies receives 25 million US dollars

With the money from the funding round, the startup aims to build the world's largest ear well-being platform.

Berlin-based startup Mimi Hearing Technologies says it is the world's leading provider of hearing wellness and audio personalization software. Now the company has taken home $25 million from a Series B funding round. The money comes from investor MIG Capital, two undisclosed family-owned companies and Helmut Jeggle's investment company, Salvia. Existing investors also participated.

Mimi Hearing Technologies has developed hearing enhancement technology that it licenses to B2B customers such as electronic device manufacturers, streaming providers and hearing aid makers. For example, the technology can be found in headphones from Skullcandy or devices from Beyerdynamic or Philips. Mimi Hearing Technologies now intends to put the new funds into expanding a technology platform that is set to become the largest in the world for the well-being of the ear. Money is also to flow into marketing and sales activities in the USA and Asia. In addition, the company plans to expand its product offerings in its existing device categories, such as headphones and TV displays, and move into additional signal processing and audio platforms, such as smartphones.

"We are excited to help Mimi achieve its goal of building a breakthrough platform for hearing health," said Boris Bernstein, Partner at MIG Capital. Helmut Jeggle, founder of Salvia, is also confident in his investment, "Mimi's technology and expansion plans have positioned the company to become an international standard bearer for hearing wellness and sound personalization, and we are excited to help them realize this vision."

Mimi Hearing Technologies was founded in Berlin in 2014 by CEO Philipp Skribanowitz and chief scientist Nicholas Clark. The company develops digital hearing tests and user hearing-based sound personalization technologies.