Nuheara, the company behind the ‘IQbuds’ has announced the close of a $9 million through an institutional placement to further its product development.
Perth startup Nuheara has raised over $500,000 on Indiegogo as it looks to bring its first product to market in time for the holiday season later this year. It comes after the startup became the first wearables company to list on the ASX in March, raising $3.5 million.
Redbubble, the online marketplace for creatives, has released its half year financial performance and confirmed its intention to raise $50 million through an ASX listing in June.
But Nuheara, a startup based out of Perth and San Francisco, is set to make this a reality. In partnership with Curtin University in Western Australia, the startup is developing innovative augmented ‘Hearables’ (ear buds) that allow people to control their hearing experience with the help of a smartphone app.