Jun 16, 2011
By: Alvaro Fernandez
Lumos Labs, the company behind lumosity.com, has raised $32.5 million dollars in a Series C round from Menlo Ventures, FirstMark Capital, Harrison Metal and Norwest Venture Partners.
In our 2010 market report Lumos Labs came up as one of the category Leaders given its market and research momentum (not easy for a startup to get clear momentum in either of those dimensions, much less in both of them), so our congratulations to them for now adding such investment traction.
This is the largest round of funding so far in the cognitive fitness space so far, and should contribute to the maturity of the field as well as to more innovation and R&D.
Description: Lumos Labs is a cognitive neuroscience research and development company that builds software tools for improving brain health and performance. Lumosity.com is the first general brain fitness program from Lumos Labs. Specialized in creating innovative applications of the latest developments in brain science in order to help people lead better lives, Lumos Labs has been consistently focused on researching and developing effective cognitive training applications, including working closely with a Scientific Advisory Board of leading researchers from institutions such as Stanford and UCSF.
In related news, Marbles: The Brain Store (another company featured in our 2010 report given its innovative service-oriented model) announced a couple of weeks ago a $5.5 million round to continue its retail expansion. Congratulations to them too.