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Lumos Labs

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A neuroscience research company that provides online brain training programs

San Francisco, United StatesFounded 2005Biotech & Life Sciences
Valuation $100–250M Last recorded · 2012
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Lumos Labs

Lumos Labs, the creator of the Lumosity brain training program, was established in 2005 by Kunal Sarkar, Michael Scanlon, and David Drescher. The company's formation was driven by Scanlon's personal experiences with Alzheimer's disease in his family, which sparked his interest in neuroscience and the brain's plasticity—its ability to change in response to environmental stimuli. This led him to leave his neuroscience PhD program at Stanford to team up with college friend Sarkar and Drescher to translate academic cognitive research into accessible and engaging games for the public. The Lumosity.com platform officially launched in 2007 after two years of development.

The company operates in the cognitive training market, providing a digital platform of over 60 games designed to challenge core cognitive functions such as memory, attention, processing speed, flexibility, and problem-solving. Lumosity's business model is primarily freemium; users can access a limited selection of games for free, while full access to all games, personalized training regimens, and detailed performance insights requires a paid subscription. Subscriptions are offered on a monthly, annual, or lifetime basis and represent the main source of revenue for the company. The program begins with a "Fit Test" to establish a baseline and then adapts the difficulty of the games to each user's performance, ensuring they remain consistently challenged.

The product is available on the web and via mobile apps for iPhone, iPad, and Android devices. It's designed for a broad audience, from young adults to older individuals seeking to maintain cognitive health. In addition to its consumer-facing product, Lumos Labs has a research arm that collaborates with academic institutions to study cognitive performance, providing researchers with access to its software tools and vast dataset. A significant event in the company's history occurred in January 2016, when Lumos Labs settled with the U.S. Federal Trade Commission (FTC) for $2 million over deceptive advertising claims. The FTC found that the company lacked the scientific evidence to support its marketing assertions that the games could delay age-related cognitive decline, dementia, or improve real-world performance at school and work.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2005
Headquarters
San Francisco, United States
Employees
61
Open positions
None listed
Dealroom signal
66.2/100
Industry
Health, Education
Sub-industry
BioTechnology, Health Platform
Sector
Biotech & Life Sciences, Training, Biotechnology, Neurology, Cognitive, Biotech and Pharma, Hard Tech, DT and LS, science-based
Client focus
b2c
Investment activity
3 companies, latest Jan 2022
Capital deployed
$3.3M
Preferred round
SEED

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SECONDARYOther financing Nov 2014 $0 — Undisclosed —
SECONDARYOther financing Jul 2014 $0 — Undisclosed —
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Lumos Labs website traffic

Latest recorded traffic for Lumos Labs is 1.8M monthly website visits, down 10% over the last three months. Lumos Labs's team grew 0% over the past year.

Latest monthly visits1.8M 3-month web change-10% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Series B and later3 investors entered at this stage

Team profiled 52 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · San Francisco HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Lumos Labs on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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