Umeå-based medtech startup Brain Stimulation raises SEK15 million from Backing Minds and others

This news was covered in yesterday's Swedish Tech News PRO newsletter.

Brain Stimulation, an Umeå-based company that develops precision diagnostics and individualized Mixed reality solutions for stroke and neurological rehabilitation, announced a SEK15 million (€1.3M, $1.4M) funding round from existing investors including Backing Minds, Fort Knox and Partnerinvest Norr. New investors including Seniorhusen AB, Lars Stenlund, Torgny Stigbrand and "several other local angel investors" participated as well in the funding.

Brain Stimulation cites customers in around half of Sweden's regions. It also has a contract with Oxford University Innovation, and just submitted its FDA application, to be permitted to enter the US market. "In the US, there are around 800,000 stroke cases happening each year, and we can both improve the situation for patients, as well as help healthcare providers to become more effective", says CEO Anders Markstedt.

Brain Stimulation was founded in 2011 by the neurologist Helena Fordell. The company raised its previous funding round, amounting to SEK8M from Backing Minds, in 2021.

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