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How Neurovalens moved to remote clinical trials during Covid-19

Posted On: 4 Aug 2020   |   Posted By: Tech City UK

How Neurovalens moved to remote clinical trials during Covid-19

With signs of a second wave of Covid-19 hitting Europe, there is a need for digital tech company founders to remain resilient. Amid the doom and gloom there is reason to be positive, with recent figures demonstrating that investors are continuing to back promising UK tech teams despite the challenges posed by the pandemic.
Belfast and San Diego-based Neurovalens , a Tech Nation Upscale 5.0 cohort member, is a case in point. Made in Northern Ireland, the company's non-invasive neurostimulation devices - which resemble wearable headbands - solve global problems such as obesity; diabetes; anxiety and insomnia without the need for implanted electrodes.
In January, the healthtech raised £175k from 793 backers for its Modius SLEEP device on crowdfunding platform Indiegogo. Last month, it raised £5.1m in a follow-on Series A funding round led by IQ Capital, which included £2m from the Government's coronavirus Future Fund loan scheme that was set up to help innovative companies facing financial difficulties due to...

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