Digital neurotherapeutic platform MindMaze has raised $125 million in funding from AlbaCore Capital Group.
WHAT IT DOES
MindMaze offers digital therapies, like video games, to deal with and rehab sufferers with neurological circumstances and mind accidents.
Its merchandise embody MindMotion Go, which helps enhance motor expertise, MindPod, which trains cognitive and motor expertise for folks with neurodegenerative circumstances or strokes, and TOAP Run, for sufferers with Parkinson’s illness.
WHAT IT’S FOR
The corporate mentioned it’ll use the brand new funds to hurry commercialization and entry to its rehab merchandise, particularly in North America and Europe. The capital may even enable it to develop its restorative merchandise geared toward repairing mind injury, through extra improvement and testing in scientific trials.
“This funding by AlbaCore will enable us to speed up our confirmed neuro-rehab platform and advance commercialization of our evidence-based neuro-restorative options in stroke, traumatic mind, growing old and Parkinson’s illness. One avenue to pursue will likely be to accomplice with pharmaceutical corporations to advertise mind restore by combining our digital therapeutic neurorestorative method with rising drug discovery,” MindMaze founder and CEO Tej Tadi mentioned in an announcement.
“We’re thrilled to accomplice with AlbaCore as we construct the main common platform for mind well being and restoration. This financing will allow our devoted group and companions to advance in our mission to assist sufferers recuperate, study and adapt by way of superior neuroscience and digital therapeutics.”
In Could, MindMaze introduced numerous partnerships to develop its geographical footprint in Latin America, the Center East, Spain and Switzerland.
One other firm centered on digital therapeutics for neurologic care is MedRhythms, which raised $25 million in Sequence B funding in July.
Flint Rehab, which additionally builds digital neuro-rehab instruments, raised $1.72 million from the Nationwide Institutes of Well being in 2019.