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Neurovalens raises £2.1M in funding and gains FDA approval for anxiety treatment wearable device

Apr 08, 2024over 1 year ago

Amount Raised

£2.1 Million

Round Type

seed

BelfastMedical DeviceMedicalBiotechnologyHealth Care

Investors

Existing Investors

Description

Belfast-based healthtech company Neurovalens announced that it has closed a £2.1 million funding round with existing investors and gained FDA approval for its Modius Stress device, designed to treat anxiety by delivering noninvasive electrical stimulation to the head.

Company Information

Company

Neurovalens

Location

Belfast, Northern Ireland, United Kingdom

About

Neurovalens is a healthtech company based in Belfast, specializing in combining neuroscience and technology to tackle global health challenges. It has developed medical devices designed to deliver noninvasive electrical stimulation to key areas of the brain and nervous system without the need for surgically implanted electrodes.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers