MintNeuro Raises £1M to Revolutionize Neural Implants with Semiconductor Tech
Deal News | Nov 12, 2024 | PR Newswire Cision MintNeuro
MintNeuro, a London-based healthcare technology firm, has successfully secured a £1 million investment round led by Empirical Ventures, with contributions from Parkwalk Advisors, Imperial College London, Plug & Play, Excellis Holding, and key angel investors. This funding will accelerate the development of MintNeuro's innovative semiconductor technology for neural implants, poised to address the significant global burden of neurological disorders. Traditional treatments often fall short due to limitations in current neural implant technologies, which are typically bulky and invasive. However, MintNeuro, a spinout from Imperial College London, is pioneering scalable, low-power semiconductor technology for minimally invasive applications in neural treatment. With over £14 million already garnered in R&D, the company aims to enhance the accessibility of these devices by making them smaller and more efficient. The investment will facilitate MintNeuro's collaboration on projects like the NIHR-funded DREAM initiative for epilepsy monitoring and a partnership with Amber Therapeutics to develop neuromodulation therapy. Given the global neural implant market's rapid growth, MintNeuro's innovations promise to transform treatment options for conditions such as Parkinson's, dementia, and depression, offering a scalable solution to the healthcare industry.
Sectors
- Healthcare Technology
- Semiconductor Manufacturing
- Venture Capital
Geography
- United Kingdom – MintNeuro is based in London, UK, and involves funding from UK-based investors such as Parkwalk Advisors and institutions like Imperial College London.
- United States – The article references the US market in terms of potential addressable market size for brain-computer interface technologies.
Industry
- Healthcare Technology – MintNeuro operates within the healthcare technology sector, focusing on semiconductor advancements for neural implants addressing neurological disorders.
- Semiconductor Manufacturing – The article highlights MintNeuro's focus on semiconductor technology to develop scalable and efficient neural implants.
- Venture Capital – The funding round was led by Empirical Ventures and other investors, characterizing an involvement of the venture capital industry.
Financials
- £1,000,000 – The total amount raised in the latest funding round to advance MintNeuro's technology.
- $100,000,000 – The funding amount secured by Amber Therapeutics, a partner of MintNeuro, for developing a neuromodulation therapy chipset.
- $400,000,000,000 – The estimated Total Addressable Market (TAM) for brain-computer interface technologies in the US.
Participants
Name | Role | Type | Description |
---|---|---|---|
MintNeuro | Target Company | Company | A pioneer of semiconductor technology for neural implants, aiming to revolutionize treatments for neurological disorders. |
Empirical Ventures | Lead Investor | Company | A venture capital firm leading the funding round for MintNeuro, focusing on deep science startups. |
Parkwalk Advisors | Investor | Company | A growth EIS fund manager that invests in university-linked and DeepTech startups, part of the investor group in MintNeuro's funding round. |
Imperial College London | Investor and R&D Partner | Company | An educational institution that facilitated the founding of MintNeuro and provided financial backing through its enterprise fund. |
Plug & Play | Investor | Company | An innovation platform and venture capital entity contributing to the funding round. |
Excellis Holding | Investor | Company | A private holding company investing in early-stage deep-tech companies, co-investing in MintNeuro. |
Amber Therapeutics | Partner Company | Company | A company collaborating with MintNeuro to develop a neuromodulation therapy chipset. |