# Clearwater Clinical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clearwater-clinical

- Industry: Medical Devices & Equipment
- Headquarters: Ottawa, Canada
- Website: www.clearwaterclinical.com
- Total disclosed funding: $6M
- Latest round: Series A (Jan 12, 2017)
- Investors on record: 2

## About

Clearwater Clinical Limited specializes in digital audiometry solutions, providing advanced hearing testing technologies designed for audiologists and healthcare professionals.Founded in 2005 and headquartered in Ottawa, Canada, Clearwater Clinical Limited focuses on developing digital audiometry products. The company underwent a significant acquisition by Sivantos Pte. Ltd. in December 2018. Founders Matthew Bromwich and Sam Lim have a background in healthcare technology, contributing to the company's innovative solutions. Clearwater has completed a total of 4 deals, with its latest funding round being a Series A that raised USD 6.00 mn, led by Whitecap Venture Partners along with BDC Capital.Clearwater Clinical Limited, through its product SHOEBOX, offers a range of digital audiometry solutions tailored for audiologists and ENT specialists. Key offerings include SHOEBOX Consult, a digital audiometer that supports teleaudiology, and SHOEBOX PureTest for occupational hearing assessments. Additionally, SHOEBOX QuickTest and SHOEBOX Online provide self-administered screening options, catering to corporate health programs and healthcare providers across North America and expanding into international markets.Clearwater Clinical generates revenue via subscription models and direct sales of its digital audiometry products. Businesses and healthcare providers purchase licenses for SHOEBOX Consult and engage in contracts for support services. The revenue model includes direct-to-consumer sales and partnerships with various clients, aligning pricing with their testing needs, which fosters long-term relationships and the adoption of their hearing health solutions.Clearwater Clinical Limited plans to expand its product offerings and geographical presence following the acquisition by Sivantos Pte. Ltd. The firm is set to introduce new digital audiometry products aimed at enhancing accessibility by late 2023. The recent funding will support these initiatives as they target growth in international markets, particularly in Europe and Asia, by 2024. The acquisition also plays a critical role in facilitating expansion into new regions, leveraging Sivantos' existing infrastructure.

## Funding rounds

- Series A, Jan 12, 2017, $6M — Whitecap Venture Partners, BDC Capital

## Investors

- Whitecap Venture Partners (https://capitalatlas.ai/funds/whitecap-venture-partners) — Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A