Rainfactory Client, Olive Union, is revolutionizing hearing aid technology with Olive Pro. Their Indiegogo campaign raised a total of $887,331 USD with 4,000 backers earlier this year.
Olive Union is continuing their mission to provide affordable hearing for all. A Japan-based company, Beyond Next Ventures, just granted them $7 million in Series B funding. Olive Pro is currently still at the research and development phase and this funding will allow Olive Union to expedite their efforts to create and ship their new 2-in-1 true wireless earbuds and smart hearing aids later this year. The company plans to invest in technology development and expansion in Japan and the United States.
We’re seeing a bright future for Olive Union as they are providing an economical solution to a global problem and the hearing aid market is predicted to grow by $14 billion by the end of 2026. Here are some notable achievements Olive Union has reached:
- Generated $10 million is Series A funding
- Gained U.S. Food and Drug Administration registration for Olive Pro
- Won 2 CES-related 2021 Awards
It’s not yet too late to become a pioneer owner of the Olive Pro as they are currently on InDemand.
Have your innovation come to life and get in touch with Rainfactory today!