This investment will allow the company to bring the technology for the first time to humans and to consolidate the safety of graphene as the potential new standard of care in neurotechnologies.
Carolina Aguilar, founder and CEO, said “Patients with chronic conditions are alone with their diseases, at most they see their physician 1-4 times per year for a follow up. With less invasive and more intelligent neuroelectronic therapies we aim to provide safer and real time adaptative therapies to empower them and improve the outcomes that matter to them. This way patients can better deal with their condition between follow up visits, by getting the right therapy and support when they need it.”
Jose Garrido, founder and CSO, added “This is a very exciting moment! Looking backwards, it has been a long journey from that very first glimpse of the potential that graphene could provide to the field of neural interfaces. Thanks to the continuous financial support of public research programmes such as the Graphene Flagship European project, the graphene technology has matured and is ready for the next challenge. This investment is an important stepping stone towards INBRAIN’s ambitious goal of transforming the way neurological disorders are treated.”
Josep Sanfeliu, managing partner at Asabys, and Chairman of the Board of Directors of INBRAIN mentioned ”This investment shows how an ecosystem with excellent applied science around graphene, international talent joining in Barcelona and specialized financial solid support, can develop a truly disruptive tecnological therapy to solve unmet medical needs replacing uneffective and existing pharmacological and non-pharmacological therapies for the benefit of patients.”
Scott Moonly, managing partner at Alta Life Sciences, stated “INBRAIN represents the revolution of current neurological treatments, adding huge value to the medical practice in an environment where there is a clear medical need, lowering the cost for healthcare systems, backed by an extraordinary team of professionals who have long time expertise in the industry.”
Herbert Mangesius, managing partner at VSquared Ventures, added “From the first meetings with the INBRAIN team we realized how exceptional and outstanding this company is. Our investments follow a deep belief in the power of innovation that occurs in Europe at the edges of multiple technical disciplines and is brought to life by diverse people with audacious dreams. At INBRAIN, we see how accomplished pioneers from science, engineering and business joined forces to bring graphene as the European material innovation to life and to work in order to benefit the health and quality of lives of millions of people.”
About Inbrain Neurolectronics
INBRAIN Neuroelectronics S.L. is a medical device company dedicated to the development and commercialization of graphene-based neural interfaces and intelligent neuromodulation systems. Founded in 2019, the company is a spin-off from the Catalan Institute of Nanoscience and Nanotechnology (ICN2) in Barcelona, with intellectual technological property as a result of the collaboration with the National Graphene Institute of the University of Manchester. INBRAIN is developing the least invasive and most intelligent neural interface on the market that will be able to read and modulate brain activity with very high resolution to obtain optimal results in personalized neurological therapies. For more information, please visit inbrain-neuroelectronics.com.
About Asabys Partners