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

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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. 

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Published on: 20th July 2017

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