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Deeptech November 20, 2020

Mendi breaks crowdfunding record

Mendi has raised SEK 31 million in crowdfunding campaigns on Kickstarter and IndieGoGo. This is a record for a Swedish company. More than over 10,000 people have ordered their brain exercise equipment for home use.

Mendi is a neurofeedback headset and app that is designed to improve brain function by exercising the brain for 5 to 15 minutes three times a week.

– We want to lead the way in brain health and bring the latest knowledge to more people by combining cutting-edge technology with close collaboration with the research community. The initial interest in Mendi was overwhelming and we have a long waiting list with thousands of people from all over the world. We will be sending the first units to consumers in a few weeks, says Moha Bensofia, CEO of Mendi.

Mendis hedaset uses neurofeedback, a technique that measures activity in the brain via the flow of oxygen and blood in the prefrontal cortex. With the headset and app, it should be possible to measure, control and improve the brain function of the users, says Mendi.

A headset from Mendi costs a little over SEK 2,600 if you order it from time to time through IndieGoGo. Delivery will take place in April next year. Some of the customers who ordered Mendi’s headsets quickly when the campaign launched in May may have their headsets soon as Mendi plans to start shipping its first products as early as next month.

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