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Neuromod Devices Closes €30 Million Financing To Expand Availability Of Tinnitus Treatment Device Lenire®

PRIVATEApr 13, 2023

Amount Raised

€30 Million

Round Type

Funding Round

DublinInformation TechnologyBiotechnologyHealth CareMedicalMedical Device

Investors

European Investment BankFountain Healthcare PartnersPanakès Partners

Description

Neuromod Devices Ltd, an Irish medical device company specialising in neuromodulation, has successfully closed a €30 million financing to further commercialise its tinnitus treatment device, Lenire.

Quick answer

Neuromod Devices raised €30 Million in a Funding Round round, dated April 13, 2023. Investors: European Investment Bank, Fountain Healthcare Partners and Panakès Partners. Neuromod Devices is based in Dublin, California, United States.

How much did Neuromod Devices raise?
Neuromod Devices raised €30 Million in a Funding Round round on April 13, 2023.
Who invested in Neuromod Devices?
European Investment Bank, Fountain Healthcare Partners and Panakès Partners are named as investors in this round.
What does Neuromod Devices do?
Founded in 2010, Neuromod Devices Ltd. is a medical technology company headquartered in Dublin, Ireland.
Where is Neuromod Devices based and how big is it?
Neuromod Devices is based in Dublin, California, United States. Fundz records about 60 employees.
Who are the decision-makers at Neuromod Devices?
Fundz holds 1 contact at Neuromod Devices. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Medical Device around the same time

Companies in the same sectors as Neuromod Devices that raised within 45 days of this round, from Fundz verified event records.

  • Conformal Medical raised $35M on May 26, 2023.
  • VERTOS MEDICAL INC raised $45M on May 22, 2023.
  • Autonomix Medical raised $2.4M (Seed) on May 17, 2023.
  • Healthy.io raised $50M (Series D) on May 3, 2023.
  • Magenta Medical raised $55M (Funding Round) on May 3, 2023.
  • Flyte raised $2.6M (Seed) on May 2, 2023.

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Company Information

Company

Neuromod Devices

Location

Dublin, California, United States

About

Founded in 2010, Neuromod Devices Ltd. is a medical technology company headquartered in Dublin, Ireland. Neuromod specialises in the design and development of neuromodulation technologies to address the clinical needs of underserved patient populations who live with chronic and debilitating conditions. The lead application of Neuromod's technology is in the field of tinnitus, where Neuromod has completed extensive clinical trials to confirm the efficacy of its non-invasive neuromodulation platform in this common disorder. For more information visit www.neuromoddevices.com.

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Neuromod Devices raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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