Disruptive South African Healthtech Startup Receives Funding

hearX, a South African health tech startup providing affordable access to hearing care using digital solutions, has received funding from asset management company, Futuregrowth.

hearX uses a smartphone and headphones, together with a custom-developed software application, to provide accurate and cost-effective hearing care solutions.

Amrish Narrandes, Head of Unlisted Equity Transactions at Futuregrowth commented on the investment made to the startup, “our investment in hearX shows we remain committed to backing entrepreneurs that are creating proudly South African products, services and IP, and taking them to the rest of the world, thus raising the South African flag high. What we particularly liked about hearX is that it met and far exceeded these criteria. hearX has developed world-class solutions in South Africa and is now selling these solutions to almost 40 countries.”

Nic Klopper, Chief Executive Officer (CEO) of hearX, noted that “our team is hard at work to make healthy hearing a very realistic, very affordable option for people with hearing loss around the world. Thanks to investors like Futuregrowth Asset Management, we are fast making this a reality.”

The startup has global clientele as it is reportedly used in 68 countries across the world. Recently, it launched a new hearing aid product called Lexie Hearing with unique features such as remote access to hearing experts and personalized hearing aids programmed from the wearer’s home.