MintNeuro Raises £1m to Revolutionize Neural Implants

Deal News | Nov 28, 2024 | Business Cloud

MintNeuro Raises £1m to Revolutionize Neural Implants

MintNeuro, an Imperial College London spinout, has secured £1m in funding to advance its innovative semiconductor technology for neural implants. The company aims to address inefficiencies in current treatments for neurological disorders by making implants smaller, more efficient, and scalable. Having already garnered over £14m in R&D grants, MintNeuro's technology is poised to transform neurological care. The recent funding round, led by Empirical Ventures with contributions from Parkwalk Advisors and other investors, will accelerate MintNeuro's development and allow for team expansion. Strategic partnerships, including projects with Imperial College London and Amber Therapeutics, further enhance MintNeuro's position in the medtech landscape. The company's work is geared toward introducing safer, more effective neural implants for various conditions, potentially impacting millions of patients worldwide.

Sectors

  • MedTech
  • Semiconductor

Geography

  • United Kingdom – MintNeuro is a spinout from Imperial College London based in the UK, where it has formed key partnerships and secured investment.

Industry

  • MedTech – MintNeuro operates within the MedTech industry, developing semiconductor-based neural implants for neurological conditions.
  • Semiconductor – MintNeuro's technology development focuses on semiconductor chips, which are crucial for creating efficient neural implants.

Financials

  • £1 million – Funding amount raised in the recent investment round.
  • £14 million – Total R&D grant funding received by MintNeuro to date.
  • $100 million – Funding secured by Amber Therapeutics, a strategic partner to MintNeuro.

Participants

NameRoleTypeDescription
MintNeuroTarget CompanyCompanyA MedTech company pioneering semiconductor technology for neural implants.
Empirical VenturesLead InvestorCompanyA venture capital firm that led MintNeuro's recent funding round.
Parkwalk AdvisorsInvestorCompanyAn investor in MintNeuro through the Imperial College Enterprise Fund.
Imperial College LondonInvestor/Research PartnerCompanyA key partner in R&D and investor through funding initiatives.
Plug & PlayInvestorCompanyAn investor in MintNeuro.
Excellis HoldingInvestorCompanyA participating investor in the recent funding round for MintNeuro.
Amber TherapeuticsResearch PartnerCompanyA partner working with MintNeuro on neuromodulation therapy development.
Timothy ConstandinouCTO & Co-FounderPersonChief Technology Officer and co-founder of MintNeuro.
Dorian HaciCEO & Co-FounderPersonChief Executive Officer and co-founder of MintNeuro.