Industry: Medical Devices
Transaction: $20,000,000 Private Placement
RMG’s Role: RMG’s Role Joint Advisor in securing financing through it’s high net worth individual network
Business Overview Zounds™ designs, manufactures, and markets high performance hearing aids for use with mild, moderate, and moderate/severe hearing impairments. The Company’s technology enables break-throughs in product performance, price, purchase process, distribution channels, and marketing. Zounds utilizes a combination of internally developed technology and exclusive, licensed technology developed by Acoustic Technologies, where Sam Thomasson was the former CEO and President. Acoustic Technologies is a 7 year old company that markets high performance semiconductor chips and related software with low power usage algorithms that dramatically improves voice and sound quality in cell phones, video phones, desktop phones, conference call phones, and automotive communication systems. For Sam, it was a logical extension to leverage Acoustics’ superior technology at Zounds. Zounds’ mission is to offer a portfolio of hearing aids and wireless devices that provide the world’s best performing technology at an affordable price to anyone who has a hearing impairment.