Eargo nets $52 million, plus more top funding news for Mountain View-based companies

Mountain View-based wearables company Eargo has secured $52 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 5 and is led by Future Fund.

According to its Crunchbase profile, "Eargo (is) a company made up of ENT surgeons, tech geeks and dreamers, united in our belief that people should be able to hear life to the fullest. Because the world is full of great things to hear."

The six-year-old company has raised three previous funding rounds, including a $45 million Series C round in 2017.

The round brings total funding raised by Mountain View companies in consumer electronics over the past month to $992 million. The local consumer electronics industry has seen 14 funding rounds over the past year, yielding a total of $1.8 billion in venture funding.

In other local funding news, compliance and FinTech company Beam announced a $2 million debt financing funding round on Feb. 28, financed by Silicon Valley Bank.

According to Crunchbase, "Beam is a venture-backed regulatory technology software company based in the San Francisco Bay Area. Our proprietary transaction monitoring technologies incorporate advanced machine learning and new data sources."

Founded in 2016, the company has raised three previous rounds, including a $5 million Series A round in 2018.


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