iHear Medical, a venture-backed firm dedicated to addressing the global need for affordable and accessible hearing solutions, announced that it has raised $2.3 million in convertible debt financing from a syndicate led by Ameritas Life Insurance Corp, Aphelion Capital, and Lighthouse Capital. According to the announcement, the proceeds of the financing will be used to expand sales into major retailers and wholesalers after the passing of the OTC Hearing Aid Act of 2017 into law.

iHear Medical also welcomed Michael G. Potter to its Board of Directors.  Potter is an experienced executive in the private and public sectors, most recently as Chief Financial Officer with Canadian Solar Inc and interim CFO with Amber Kinetics, a US-based start-up. Potter brings a proven track record of execution with IPO-track teams and with publicly listed companies, with extensive experience in global operations including in China, Singapore, the United States, and Canada.
“Michael brings deep business and financial experience and we look forward to leveraging his expertise in developing new channels to deliver our low-cost, ground-breaking products to the global market,” said Adnan Shennib, founder and president of iHear Medical.

For more information on becoming a partner or a distributor for iHear Medical please visit www.ihearmedical.com/retail