Neurosity
About this raise
Neurosity, with a valuation of $38 million, is raising funds on Wefunder. The company has developed a non-invasive science-backed device for mental health. The Neurosity Crown is an EEG device that uses signal processing to present brain waves as a mental state and helps to predict which stimulus induces an optimal mental state. The Crown is connected with Neurosity’s Shift app, which receives the data and provides feedback to the brain via headphones. Aj Keller and Alex Castillo founded Neurosity in April 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for payroll and research and development.
Investment Overview
Invested : $320,709
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/24/2023
- Close Date
- 01/27/2024
$50,000
$1,235,000
$100
SAFE
Growth Stage
RegCF
$35,000,000
$38,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +131% YoY
-
$714,683
as of FY2022
- Monthly Burn
-
$187,922
as of FY2022
-
Runway
-
6.8 months
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,130,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 01/27/2024 | Wefunder | $38,000,000 | $320,709 | SAFE | Funded | RegCF |
Founder Interview
The Rhythm of the Mind: AJ Keller on Neurosity’s EEG Wearable and the Power of Music
Neurosity is a health tech company that has developed a wearable EEG device called The Crown. The Crown establishes a feedback loop between the brain and a cell phone to play music that manipulates brain waves to reach a desired mental state. We sat down with Neurosity founder, AJ Keller, to discuss why he chose music to guide the brain into a state of productivity or mindfulness, his plans for future product development, and more.