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Mindstate Design Labs

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Precision design of therapeutic psychedelic states

South San Francisco, United StatesFounded 2021Biotech & Life Sciences
Valuation $50–100M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Mindstate Design Labs and the history behind them.

About Mindstate Design Labs

Mindstate Design is a pioneering startup operating in the burgeoning field of psychedelic drug development. The company's primary focus is on designing altered states of consciousness for use in mental health therapeutics. This innovative approach is aimed at addressing a key challenge in the industry - the lack of a translational model to distinguish among different altered states of consciousness.

The company serves clients in the healthcare and pharmaceutical sectors, specifically those interested in leveraging the therapeutic potential of psychedelics. Mindstate Design operates in the rapidly growing market of psychedelic medicine, a sector that is gaining increasing recognition for its potential to revolutionize mental health treatment.

Mindstate Design's business model revolves around its proprietary Osmanthus platform. This platform combines natural history, natural language processing, and biochemical data to build a predictive model for the precision design of modified conscious states. The company's revenue generation strategy is likely based on the development and licensing of its psychedelic "primer" compounds and non-psychedelic "probe" compounds.

The company's pipeline is promising, with six probe candidates identified to date, each offering potentially unique therapeutic utility when combined with the lead primer. The company's future programs include the development of additional primers and probes.

The company is led by Co-Founder and CEO, Dr. Thomas Ray, a respected evolutionary biologist and polymath. His innovative and groundbreaking work across multiple scientific fields lends credibility and potential to Mindstate Design's ambitious objectives.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
South San Francisco, United States
Employees
24
Open positions
None listed
Dealroom signal
70.7/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Core AI, Biotech and Pharma, Psychedelic Drugs, AI Drug Discovery, AI Applications, YC S21, DT and LS, science-based
Technology
Artificial Intelligence
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SUPPORT PROGRAM✓Other financing Feb 2025 $0 — One Mind Accelerator ↗
SEEDEquity / VC Jan 2023 $0 — Immeasurable ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Mindstate Design Labs website traffic

Latest recorded traffic for Mindstate Design Labs is 2.1K monthly website visits, down 70.8% over the last three months. Mindstate Design Labs's team declined 7.7% over the past year.

Latest monthly visits2.1K 3-month web change-70.8% 1-year team growth-7.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

18 investors on the cap table

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

Seed12 investors entered at this stage

Other known investors6 additional known investors

  • One Mind Accelerator
  • David Langer
  • Focalpoint Ventures
  • Hub Angels Investment Group
  • PsyMed Ventures
  • PsyMed Ventures
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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
4 countries with
team presence
🇺🇸 United States57.9%
🇫🇷 France26.3%
🇨🇭 Switzerland10.5%
🇬🇧 United Kingdom5.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Mindstate Design 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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