Startacus
Join Now! /

Neurovalens set to disrupt weight-loss industry after £1.1m funding round

Startacus RSS

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.

Modius wearable headset

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 Neurovalens16% 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.
Startacus RSS
Business DealsSubmit Your Startup
Win TicketsNetwork and Collaborate
Our Latest Features



Published on: 20th July 2017

If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.


Create an Idea!View Other Ideas, Projects or Startups
Why not Sign Up?
Create Projects
Edit Projects
Self Interviews
Self Starter of the Year
Product Giveaways
Subscribe to our Newsletter
  • United Utilities launches Innovation Lab 2.0 21st Mar 2019 Leading UK water and wastewater company United Utilities has launched its second accelerator programme to help innovative businesses grow and develop their solutions through a collaborative approach.
  • Northern Ireland startups sort for upSTART 2019 21st Mar 2019 Entries are now open for upSTART, Northern Ireland’s most exciting startup pitch competition which features an all-expenses paid trip to explore the New York tech scene for the winner.
  • IlluminationLAB to power energy focused startup innovation 5th Mar 2019 American Electric Power (AEP) has launched IlluminationLAB which will include a bootcamp, energy summit & 10-week proof of concept program to co-create innovative energy products and services.
  • Startup World cup returns to Belfast for 2019 27th Feb 2019 The Startup World cup returns to Belfast for 2019 with the NI regionals held on 25 March and once again delivered by Belfast Global Shapers.
Startacus
Check us out at our Google+ page!