Inbrain Neuroelectronics, spun-off from the Catalan Institute of Nanoscience and Nanotechnology (ICN2) and Icrea (and associated with the Graphene Flagship) , recently announced closing a $16.85 million (â¬14.3 million) round led by Asabys and Alta. The company has also received financial backing from Cdti and two international investors.
NBRAIN Neuroelectronics was established in 2019 with the mission of developing brain-implants based on graphene technology for applications in patients with epilepsy, Parkinson’s, and other neuronal diseases. These smart devices, built around an innovative graphene electrode, will decode with high certainty neural signals from the brain and produce a therapeutic response adapted to the clinical condition of the specific patient.
This is said to be one of the largest financing rounds carried out in the MedTech sector in Spain. It also involved the Centro para el Desarrollo Tecnológico Industrial (Cdti) and two international investors: Vsquared Ventures, a Munich-based deep tech venture capital firm, and TruVenturo GmbH, German technology, and life sciences startup.
In June 2020, Inbrain Neuroelectronics closed its first round of financing.