# Audibene

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/audibene

- Industry: Medical Devices & Equipment
- Headquarters: Berlin, Germany
- Website: www.audibene.de
- Latest round: Series A (Jan 1, 2013)
- Investors on record: 2

## About

Audibene GmbH is a German company focused on providing advanced hearing aids and personalized auditory solutions for individuals with hearing impairments, enhancing their listening experiences through innovative technology and expert consultations.Audibene GmbH, established in 2012 in Berlin, Germany, specializes in the design and distribution of hearing aids and related services. The company was founded by Paul Crusius and has been involved in two significant funding deals, with their most recent deal occurring on March 27, 2015, when Sivantos, a portfolio company of EQT, acquired Audibene. The company operates primarily in Germany, with a strong network of over 1,300 partner acousticians to ensure accessibility across various regions.Audibene specializes in advanced hearing aids and related services designed to enhance auditory experiences for individuals with hearing impairments. Their flagship product, the audibene IX, features state-of-the-art IX technology that offers seamless communication across various environments, such as busy cafés or family gatherings. This device utilizes two real-time processors to ensure clear speech comprehension while preserving the natural ambient sounds. Complementing their hardware offerings, Audibene provides a mobile application that allows users to customize their listening experience with features like Speech Focus, Panorama Effect, and personalized modes for music, activity, relaxation, and quiet. The company serves a diverse clientele, including individuals with varying degrees of hearing loss, and has established a robust network of over 1,300 partner acousticians across Germany, ensuring accessibility to their services in urban and rural areas alike.Audibene generated revenue of USD 95.70 mn in 2023, with an EBITDA of USD -7.20 mn. The company earns income through direct-to-consumer sales of their innovative hearing aids and associated services, leveraging a consultative approach that emphasizes personalized customer experiences. Clients engage with audiology experts for tailored consultations that guide them in selecting appropriate hearing devices. The company facilitates transactions through a structured process that includes initial online registration, professional assessments, and trial devices in real-world settings. Audibene also collaborates with health insurance providers to assist customers in obtaining financial reimbursements for hearing aids, enhancing product affordability.Audibene plans to enhance its product offerings by designing and launching new hearing aids with improved technology and additional features in the near future. The company is also targeting expansion into new markets beyond Germany, aiming to enter key European regions by 2025. Recent funding from the acquisition by Sivantos will be utilized to support these initiatives, enabling the company to enhance product development and build a larger market presence.

## Funding rounds

- Series A, Jan 1, 2013 — Heartcore Capital, Action Capital Partners

## Investors

- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Series A
- Action Capital Partners — Series A