Audicus
[Closed for Investment] Audicus, with a valuation of $65 million, is raising funds on Wefunder. The company is pioneering in telehealth for hearing loss with its customized hearing aids and care. Audicus is making hearing aids and hearing care affordable and accessible for everyone at 70% less cost than the competitors. The company has a gross revenue run rate of $14 million and an annual reoccurring revenue of $10 million. Patrick Freuler founded Audicus in August 2010. The current crowdfunding campaign has a minimum target of $100,001.79 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, inventory, working capital, and in-store partnership buildout.
Investment Overview
Raised: $309,577
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 04/29/2024
- Close Date
- 05/22/2024
$100,002
$1,235,000
$100
Equity - Preferred
Series A
RegCF
$5.62
$65,000,000
Company & Team
Company
- Year Founded
- 2010
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +11% YoY
- $11,904,482
- Monthly Burn
- $72,000
-
Runway
- 23.6 months
- Gross Margin
- 78%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $8,674,407
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/22/2024 | Wefunder | $65,000,000 | $309,577 | Equity - Preferred | Funded | RegCF |