Neurovalens set to disrupt weight-loss industry after £1.1m funding round
by Startacus Admin
Neurovalens, a Belfast based healthtech startup that specialises in combining neuroscience and technology to solve health issues, has secured funding of £1.1m – its largest investment to date. Neurovalens, will now launch Modius, a wearable headset device aimed at combining neuroscience & tech to reduce body weight and fat.
Neurovalens, a Belfast based healthtech startup that specialises in combining neuroscience and technology to solve health issues, has secured funding of £1.1m. The investment comes just ahead of the company launching its first product, Modius, simultaneously to UK and US consumers via crowdfunding website Indiegogo, scheduled for 8th August.
Modius is a wearable device that stimulates the hypothalamus; an area of the brain associated with hunger and metabolism. Initial research showed users lost up to 
16% of their body fat after just 3 hours usage per week for four months.
The funding takes the company’s total backing to £1.4M, and has been raised from sources that include both the Angel CoFund (backed by the British Business Bank) and Beltrae Partners, to join early investor TechStart NI as the company’s primary investors. Neuroscientist founders Dr. Jason McKeown and Dr. Paul McGeoch retain the majority shareholding.
Jason McKeown, co-founder and CEO of Neurovalens, commented on the news:
“The first generation of wearable tech devices had a huge impact on the world, helping millions better understand their physical output. Modius is part of an exciting second generation of wearable tech and is a product that actually and actively improves health rather than simply measuring. We believe there are tens of millions of people who will find they can become leaner through use of the Modius device. We also know that neuroscience and technology can be combined to affect all sorts of other health issues which in effect gives our company a very robust product pipeline.
Congrats to Jason, Paul and all the Neurovalens team and we look forward to watching how your business progresses throughout the rest of 2017 and beyond.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Some tips and advice on what companies should do and how they can differentiate their service for verified and unverified customers
Mountain Technologies, the innovative Northern Ireland-based startup secures investment to launch and market its connected ski pass system
FindBakers is an online platform and marketplace that lets local bakers sell their tasty bakes & treats directly to customers
Kidadl is an online platform and app that aims to bring you unique activity inspiration every day, all personalised to the ages and interests of your kids
Got a startup that can offer innovative solutions for the logistics sector? The third edition of Wincanton's innovation programme W² Labs is now open for entries
.jpeg)
If you are an entrepreneur or operate a small business, then you may be looking for ways to build upon your success and grow your business into an empire. Here we are going to look at five simple ways to do just that!
No matter what type of company you have, ensuring product quality is essential. Here are some ways in which you can do just that.
If you're running a business, here are some essential tips & warning signs that you should know about when it comes to your water requirements
The sustainable fashion app Nuw expands across the UK and Ireland and thereby help us all have "an open relationship with our wardrobe"
NI startups will have the chance to win a £75,000 proof of concept grant as part of a new competition launched by Techstart Ventures and Belfast Harbour, with support from BT.
Published on: 20th July 2017
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Logistics and Warehousing Focused Startups Wanted for Wincanton Innovation Lab 16th Sep 2020 Got a startup that can offer innovative solutions for the logistics sector? The third edition of Wincanton's innovation programme W² Labs is now open for entries
- NI startups to compete for £75k grant to develop innovative port technology 14th Sep 2020 NI startups will have the chance to win a £75,000 proof of concept grant as part of a new competition launched by Techstart Ventures and Belfast Harbour, with support from BT.
- Unique COVID-19 stimulus initiative launched in Jersey 10th Sep 2020 PFS, leading player in the FinTech ecosystem supports the World's First COVID-19 Stimulus Payments Programme of its Kind in Jersey
- Catalyst's Co-Founders Programme strengthens NW innovation sector 8th Sep 2020 Five of the participating teams from NI-based Catalyst's Co-Founders programme have been successful in securing £10,000 of Innovate UK funding
