Halo Neuroscience raises $13m in Series B

Neurostimulation device maker Halo Neuroscience said today it raised $13 million in a Series B round of financing to support its Halo Sport neurostim headset designed to improve muscle memory acquisition from athletic training. The funding round was led by TPG and joined by existing investors Lux Capital, JAZZ Venture Partners and XFund, the San Francisco-based company said. “This round of funding is a testament to the proven science behind Halo, and to the enormous potential of the company in the areas of consumer and medical neuromodulation. Halo has pioneered a powerful new means of improving human performance, and we’re proud to stand behind its technology and leadership,” TPG’s Heath Lukatch, who joined Halo’s board, said in a prepared statement. The company’s flagship device, the Halo Sport, is designed to deliver neurostimulation to the motor cortex in a 20 minute neuropriming session which Halo Neuroscience claims induces a temporary state of hyperplasticity that allows neural pathways from the motor cortex to the muscles to be optimized and strengthened. “Halo is a leader in unlocking the potential in the brain’s capacity to learn, and stands as one of the most exciting new technologies I’ve seen in recent years. Currently used by elite athletes at the highest level of sport, we anticipate a wider audience to develop among those seeking to improve a broad range of human activity, from sports-specific skills to key...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Neuromodulation/Neurostimulation haloneuroscience Source Type: news