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Hemideina

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Developing a new device to treat moderate-to-profound deafness

Melbourne, AustraliaFounded 2017Biotech & Life Sciences
Valuation $50–100M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Hemideina

Hemideina, a Melbourne-based medical technology company, is focused on developing an alternative treatment for severe-to-profound hearing loss. The company was established in 2017 by research scientists Dr. Kate Lomas and Dr. Elizabeth Williams. The concept for their technology originated from Dr. Lomas's PhD research into the auditory system of the *hemideina crassidens*, a New Zealand insect capable of hearing within the same frequency range as humans. This biological inspiration led to a fundamental redesign of the traditional cochlear implant.

The founders' scientific backgrounds are central to the company's foundation. Dr. Lomas, a biologist, discovered that the insect's hearing organ is significantly smaller and simpler than the human equivalent, which sparked the idea for a new device. Dr. Williams holds a PhD in Synthetic Organic Chemistry and has a background in materials science and commercialization from her time at CSIRO, Australia's national science agency, where the two co-founders met. Their journey began after winning Australia's MedTech's Got Talent competition in February 2017, which provided initial seed funding to build prototypes.

Hemideina's core product under development is the Hera Wireless Implant System. It targets a market of over 60 million people globally with severe-to-profound hearing loss, a segment the company notes is significantly underserved by current cochlear implant technology. The business model hinges on the commercialization of this device, a process funded through a combination of equity financing and government grants. The company has successfully raised significant capital, including a $10 million Series A round in October 2021, to advance product development toward pre-clinical and human trials.

The Hera system consists of two main parts: a small, in-ear external sound processor and an implantable receiver that stimulates the cochlea. Unlike digital signal processing in conventional implants, Hemideina's device uses a mechanical signal processing system designed to capture and preserve more sound information, aiming for a more natural sound experience. Key features include its miniature and discreet design, which sits in the ear canal without the external headpiece and magnets typical of traditional cochlear implants. This design utilizes the ear's natural contours for directionality, which may improve hearing in noisy environments and filter out ambient noise. The company anticipates this will enhance music enjoyment and tonal language perception. The technology is still in development and not yet available for sale.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2017
Headquarters
Melbourne, Australia
Employees
11
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
BioTechnology, Medical Devices
Sector
Biotech & Life Sciences, Biotechnology, medical implants, Hearing, Spinout, Deaf, Biotech and Pharma, DT and LS
Technology
Hardware, Nanotech
Business model
Manufacturing
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GROWTH EQUITY VCEquity / VC Jan 2024 $0 — Geoni Capital ↗
GRANT✓Other financing Jul 2022 $32K — Innovation Connections —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

Hemideina website traffic

Latest recorded traffic for Hemideina is 33K monthly website visits, up 20525% over the last three months. Hemideina's team grew 0% over the past year.

Latest monthly visits33K 3-month web change+20525% 1-year team growth0%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Innovation Connections

Series A5 investors entered at this stage

  • Chatsworth Associates
  • Common Sense Ventures
  • Geoni Capital
  • InterValley Ventures
  • Escala Partners

Other known investors3 additional known investors

  • Melbourne Angels
  • The University of Auckland
  • Melbourne Health Accelerator
Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇦🇺 Australia · Melbourne HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hemideina on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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