About MindAffect
MindAffect is a company based in Nijmegen (Netherlands) founded in 2017 by Ivo Box.. MindAffect has raised $2.37 million across 4 funding rounds from investors including EIT Health, Oost NL and MSB Isala. MindAffect offers products and services including Sofi Hearing Diagnostic System and KinderCap. MindAffect operates in a competitive market with competitors including Tyto Care, Edwards Lifesciences, Empatica, BioIntelliSense and Endotronix, among others.
- Headquarter Nijmegen, Netherlands
- Founders Ivo Box
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.37 M (USD)
in 4 rounds
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Latest Funding Round
$1.18 M (USD), Series A
Apr 29, 2024
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Investors
EIT Health
& 4 more
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Employee Count
Employee Count
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Products & Services of MindAffect
MindAffect offers a comprehensive portfolio of products and services, including Sofi Hearing Diagnostic System and KinderCap. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers objective hearing tests using BCI and AI technology.
Tests hearing and visual impairments in children via combined stimuli.
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Funding Insights of MindAffect
MindAffect has successfully raised a total of $2.37M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.18 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $1.2M
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First Round
First Round
(14 May 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - MindAffect | Valuation | Barco Limpo | |
| Sep, 2021 | Amount | Series A - MindAffect | Valuation |
investors |
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| Jul, 2019 | Amount | Grant - MindAffect | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MindAffect
MindAffect has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include EIT Health, Oost NL and MSB Isala. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic VC firm investing in geographies such as the Netherlands
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Founded Year | Domain | Location | |
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Health innovations are found, built, and scaled by NLC.
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Founded Year | Domain | Location | |
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Healthcare startups are accelerated and incubated through specialized programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MindAffect
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MindAffect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mindaffect Comparisons
Competitors of MindAffect
MindAffect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tyto Care, Edwards Lifesciences, Empatica, BioIntelliSense and Endotronix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Medical consultations are facilitated via self-exams and remote diagnostic devices.
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| domain | founded_year | HQ Location |
Medical devices for structural heart disease are developed and provided.
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| domain | founded_year | HQ Location |
Developer of a wrist band to monitor physiological signals
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| domain | founded_year | HQ Location |
Vital signs are monitored via a single-use patch and platform.
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| domain | founded_year | HQ Location |
Miniaturized wireless implantable sensors are developed for hemodynamic monitoring.
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| domain | founded_year | HQ Location |
Remote monitoring platform for tracking patient activity
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mindaffect
Frequently Asked Questions about MindAffect
When was MindAffect founded?
MindAffect was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is MindAffect located?
MindAffect is headquartered in Nijmegen, Netherlands. It is registered at Nijmegen, Gelderland, Netherlands.
Who is the current CEO of MindAffect?
Ivo Box is the current CEO of MindAffect. They have also founded this company.
Is MindAffect a funded company?
MindAffect is a funded company, having raised a total of $2.37M across 4 funding rounds to date. The company's 1st funding round was a Grant of $56.43K, raised on May 14, 2018.
What does MindAffect do?
MindAffect was founded in 2017 in Nijmegen, Netherlands, and operates in the neurotechnology sector. Brain-computer interface headsets are manufactured and developed to measure electrical brain signals, enabling locked-in patients to control computers for communication and interaction. No training is required for the devices, and control improves with ongoing use. The company focuses on accessible solutions for those with severe motor impairments.
Who are the top competitors of MindAffect?
MindAffect's top competitors include Tyto Care, Endotronix and Empatica.
What products or services does MindAffect offer?
MindAffect offers Sofi Hearing Diagnostic System and KinderCap.
Who are MindAffect's investors?
MindAffect has 5 investors. Key investors include EIT Health, Oost NL, MSB Isala, NLC Health Ventures, and Barco Limpo.