hearX Group (Pty) Ltd.
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hearX Group (Pty) Ltd. - overview
Established
2015
Location
Pretoria, -, South Africa
Primary Industry
Medical Devices & Equipment
About
hearX Group (Pty) Ltd. is a South African company dedicated to advancing digital hearing health technology, offering innovative solutions for accessible hearing healthcare globally. Founded in 2015 and headquartered in Pretoria, South Africa, hearX Group (Pty) Ltd. provides digital hearing solutions that allow for on-site, clinically-validated hearing tests.
The company has successfully completed 10 deals, with the most recent being a Series A funding of USD 8. 30 mn led by Bose Ventures. The company was co-founded by Herman Myburgh De Swanepoel, whose previous entrepreneurial experience adds to the company's strategic vision. hearX® specializes in innovative digital hearing health technology, primarily focusing on providing accessible hearing healthcare solutions through advanced screening and testing equipment.
Their core offerings include clinically-validated hearing tests that do not require a soundproof booth, allowing healthcare professionals to conduct accurate assessments directly on-site. This technology is designed for various end users, including individual consumers, healthcare providers, and retail environments. The company’s products are utilized for early detection of hearing loss, occupational health hearing conservation, and in-store as well as online testing solutions. hearX® primarily operates in international markets, reaching customers in North America, Europe, and other regions with a demand for efficient hearing health technologies.
The revenue model for hearX® is structured around direct sales of their hearing health solutions to both consumers and businesses, including healthcare providers and retail partners. Transactions are facilitated through multiple channels, enabling customers to engage directly with the company for services such as free product demonstrations and tailored audiometry solutions. The company’s flagship products, which are integral to their revenue generation, include advanced digital screening tools that cater to diverse client needs. Partnerships with retailers broaden the reach of their services, ensuring that end users have access to essential hearing assessments and interventions.
Specific pricing details regarding these services are aligned with their commitment to affordability and accessibility within the hearing healthcare sector. In March 2025, hearX Group (Pty) Ltd. merged with Eargo, Inc. , forming LXE Hearing, further enhancing its market presence.
The latest funding of USD 8. 30 mn will be utilized to leverage complementary technologies and expertise, improving the company’s ability to offer more accessible and affordable hearing health solutions at scale. Future expansion plans include targeting new markets in Europe and North America by 2026, alongside the development of new products designed to enhance their digital hearing assessment capabilities.
Current Investors
LXE Hearing, Bose Ventures, Sphere Holdings
Primary Industry
Medical Devices & Equipment
Sub Industries
Diagnostic, Medical & Imaging Laboratories, Healthcare IT, Diagnostic Equipment, Medical Software
Website
www.hearxgroup.com
Verticals
Artificial Intelligence, E-commerce, HealthTech, Mobile Apps
Company Stage
Merged
Total Amount Raised
Subscriber access only
hearX Group (Pty) Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Eargo, Inc., hearX Group (Pty) Ltd. | - |
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