How Much Did Neuphony Raise? Funding & Key Investors

Neuphony has raised an undisclosed amount in funding over six rounds, with the latest being a Seed round. The company has attracted a total of ten investors, including Beej Network and ah! Ventures.

Keep reading to explore the intricacies of Neuphony's fundraising journey and the investors backing this innovative platform.

What Is Neuphony?

Neuphony, founded in 2020, is a company based in Delhi, India, specializing in wearable EEG Neurofeedback devices aimed at enhancing brain health. The company operates in various industries, including Consumer Electronics, Fitness, Neuroscience, and Wearables.

With an employee count ranging from 11 to 50, Neuphony has developed products like the Neuphony Headband and EEG Flex Cap. Despite ceasing operations in October 2024, the company assures continued support for its existing customers.

How Much Funding Has Neuphony Raised?

1. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: June 2023
   • Lead Investors: Raajesh Bhojwani
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand brain gym facilities and scale international sales.
2. Non-Equity Assistance Round
   • Amount Raised: Not publicly disclosed
   • Date: September 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational growth and development.
3. Non-Equity Assistance Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2022
   • Lead Investors: Google for Startups
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To leverage Google's resources for scaling and innovation.
4. Seed Round
   • Amount Raised: INR 20,000,000
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product development and market reach.
5. Grant
   • Amount Raised: INR 2,500,000
   • Date: December 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fund research and development initiatives.
6. Pre-Seed Round
   • Amount Raised: INR 5,000,000
   • Date: November 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's initial product development.

Total Amount Raised: Not publicly disclosed

Current Valuation: Not publicly disclosed

Key Investors

• Beej Network
  • Details: Beej Network is a prominent investment network that focuses on early-stage startups. They have a strong presence in the Indian startup ecosystem.
  • Investment Focus Areas: Technology, Healthcare, Consumer Goods
  • Notable Investments: Neuphony (Seed Round)
• ah! Ventures
  • Details: ah! Ventures is an investment platform that connects startups with investors. They have a diverse portfolio and are known for supporting innovative startups.
  • Investment Focus Areas: Early-stage startups, Technology, Health
  • Notable Investments: Neuphony (Seed Round)
• Raajesh Bhojwani
  • Details: Raajesh Bhojwani is the founder and managing director of RBB Ship Chartering Pvt. Ltd., based in Singapore. He is a key investor in Neuphony's seed funding rounds.
  • Investment Focus Areas: Technology, Health, Shipping
  • Notable Investments: Neuphony (Seed Round)
• Google for Startups
  • Details: Google for Startups is an initiative by Google to support startups through resources, mentorship, and funding. They aim to foster innovation and growth in the startup ecosystem.
  • Investment Focus Areas: Technology, Innovation, Startups
  • Notable Investments: Neuphony (Non-Equity Assistance Round)
• Angel Investors from UAE and India
  • Details: A group of angel investors from the UAE and India have participated in Neuphony's funding rounds. These investors typically focus on early-stage investments and bring diverse expertise to the table.
  • Investment Focus Areas: Early-stage startups, Technology, Health
  • Notable Investments: Neuphony (Various Rounds)

What's Next for Neuphony?

Neuphony is poised for significant growth as it aims to establish over 1,000 brain gyms globally within the next three years. This ambitious plan could impact the lives of 1 billion individuals, promoting mental well-being and challenging stigmas associated with mental health. The company’s products are already utilized by renowned institutions like IIT and NIMHANS, indicating strong industry validation.

Future fundraising opportunities appear promising, with ongoing support from existing investors and the potential for new strategic partnerships. However, scaling operations to meet these ambitious goals will be challenging. Neuphony must maintain the quality and effectiveness of its brain health technology while navigating the competitive landscape of brain health and neurofeedback.

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