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.
Coronavirus. How do you survive as a business owner with minimal or no business at all? Consider the following tips...
Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
A UK-based social enterprise Lanterne, has developed, and is soon to launch, Keep Your Distance, a free app that will help us observe social distancing.
Bring! is a digital grocery tool that simplifies grocery shopping for you and anyone you are shopping for.
In a bid to help brands during the current pandemic, the GreenJinn grocery app makes some rapid changes to its service
Coronavirus & furloughing employees. Nichola Hailes of Payfit looks to answer some of the most frequently asked questions about the job retention scheme.
For startups entering the food industry, here's why accurate labelling on ready-to-eat food products is important.
Whether you’re looking to create a frugal startup, or it’s already up and running, here are 4 tips to reduce costs while keeping the work environment pleasant.
The Belfast-based startup that provides a fully managed 24/7 Software-as-a-Service (SaaS) for securely storing and sharing assets, packages and containers.
The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
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.
- Save Our Startups campaign launched 5th Apr 2020 Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
- Cerebreon the Irish deep learning startup raises £1.5m in seed funding 31st Mar 2020 The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
- Chivas Venture divides this year's $1m Venture Fund between 26 global Startups 23rd Mar 2020 In response to the COVID-19 pandemic, Chivas Divides its $1m No-Strings Venture Fund Between 26 Startups
- The open-source design of emergency ventilators for COVID-19 patients 20th Mar 2020 World Wide Community of over 500 designers engineers & medics finalising prototypes for safe scalable manufacture & rapid field deployment..
