Neuromod Devices

Neuromod is a medical device company that specialises in the design and development of neuromodulation technologies to address the clinical needs of underserved patient populations who live with chronic and debilitating conditions.

Neuromod's goal is to design products that empower patients to take control of their own treatment, delivering targeted therapies that integrate seamlessly into a modern lifestyle.

Neuromod was founded in 2010 by Ross O’Neill. The company is headquartered in Dublin, Ireland.

 

Neuromod has developed and patented a bimodal neuromodulation technology that it is evaluating for neurological disorders. The lead application of this technology is through the Lenire® device which has been shown to soothe and relieve tinnitus, a condition affecting 10% of the adult population and commonly known as 'ringing in the ears.

 

Lenire's bimodal neuromodulation device works by delivering mild electrical pulses to the tongue, through an intra-oral component called the 'Tonguetip®', combined with auditory stimulation through headphones to drive long-term changes in the brain to treat tinnitus.

 

Neuromod has made progress commercialising Lenire, expanding the device’s availability throughout Europe, establishing a wholly owned US subsidiary, Neuromod USA Inc, and securing US market approval from the FDA. To date, the Lenire device has been used in large-scale clinical trials with over 700 patients.

 

Neuromod is backed by Fountain Healthcare Partners, Moffett Investment Holdings, Silicon Valley Bank, Kreos Capital, European Investment Bank, Panakès Partners, and others. The company raised €30M ($32.2M) in Series B (€15M in equity and €15M in debt) round on Apr 13, 2023. This brings Neuromod's total funding to €54.2M to date.

 

 

  • Year founded: 2010
  • Funding Info: €54.2M over 4 Rounds of Funding (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Dublin
  • State: Dublin
  • Country: Ireland
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