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Elemind

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Elemind creates wearable neurotechnology to help people sleep, pay attention, and improve their overall experience

Cambridge, United StatesFounded 2019Health Tech & Medtech

Valuation $50–100M Last recorded · 2024

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Elemind

Elemind is a pioneering company in the field of electric medicine, specializing in wearable neuromodulation technology designed to improve sleep quality and efficiency. The company serves individuals seeking drug-free solutions to sleep issues, as well as academic institutions and health systems interested in validating and expanding the applications of this technology. Operating in the health and wellness market, Elemind's business model focuses on the sale of its headband devices, which generate revenue through direct consumer sales and potential partnerships with healthcare providers. The technology has shown promising results in clinical trials, with 76% of participants experiencing faster sleep onset and improved sleep efficiency. Beyond sleep, Elemind's technology has potential applications in treating Essential Tremor, increasing pain thresholds, augmenting anesthesia, and boosting memory formation. The company is committed to further research and development to expand its impact across various medical and wellness use cases.

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At a glance

Status: Operational
Founded: 2019
Headquarters: Cambridge, United States
Employees: 12
Open positions: None listed
Dealroom signal: 62.6/100
Industry: Health, Consumer Electronics
Sub-industry: Medical Devices
Sector: Health Tech & Medtech, Neurology, Spinout, Sleeping, Wearable, Brain Computer Interfaces, DT and LS, science-based
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2c
Links: Website LinkedIn X

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SEED✓Equity / VC	Feb 2024	$12M	$48M	Embark Ventures · LDV Partners · E14 Fund · Wharton Angel Network	↗
SEEDEquity / VC	Jan 2021	$0	—	Evolution VC Partners	—

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Growth signals

Elemind website traffic

Latest recorded traffic for Elemind is 44K monthly website visits, down 31.3% over the last three months. Elemind's team declined 7.7% over the past year.

Latest monthly visits44K 3-month web change-31.3% 1-year team growth-7.7%

Monthly website visitsOct 2022–Jul 2026

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Company	Headquarters	Status	Employees	Total funding	Valuation
PLPlatoWearable headsets, which boost creativity and focus during complex problem solving	Copenhagen, Denmark	Operational	12	$55K	—
EAEarableAI-powered wearable for sleep, focus, cognitive performance	Boulder, United States	Operational
PGPGVProviding patch-type electroencephalograms, to accurately measure brain waves and to commercialize brain wave data analysis services that utilize machine learning.	Tokyo, Japan	Operational
MIMindMazeDigital neuro-therapeutics for brain health and recovery	Lausanne, Switzerland	Acquired
ZTZhejiang Rouling TechnologyNon-invasive brain-computer interface for sleep monitoring.	China	Operational
BRBrainCoDevelops non-invasive brain-computer interface hardware and software to monitor and interact with neural signals for cognitive training and assistive use	Somerville, United States	Operational
PTPengnao TechnologyNon-invasive brain–computer interface devices and software for cognitive training, attention improvement, and sleep support	Shenzhen, China	Operational
NEneusleepUses personalized nerve stimulation to directly induce and improve natural sleep	San Francisco, United States	Operational