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BrainCo Raises $5.5M in Pre-A Funding

Dec 19, 2016

2016-12-19       SOMERVILLE, MA, Wearables company raised $5.5 million in a Pre-A round led by Boston Angel Club, Han Tan Capital, and Wandai Capital. Click here for more funding data on BrainCo To export BrainCo funding data to PDF and Excel, click here Founded in February 2015 and incubated in the Harvard Innovation Lab, BrainCo specializes in BMI wearables that help people improve their attention level and working efficiency. The company raised $5.5 million in a Pre-A round led by Boston Angel Club, Han Tan Capital, and Wandai Capital. BrainCo has grown rapidly, having already received 20,000 orders from a Chinese company. They will launch their first product, Focus 1, at CES 2017. Focus 1 is a wearable headband that can help children and teenagers improve their attention levels with a home-based device through a scientifically-proven method called neurofeedback training. They will start a clinical trial in March to assess how Focus 1 can help kids with ADD/ADHD improve their attention related symptoms. The model tries to use Focus 1 to control robotic hand. The model tries to use Focus 1 to control robotic hand. By detecting electrical signals in the brain, Focus 1 is able to display real-time brain activity and utilize that data to help regulate brain function. Users can put on Focus 1, play a training game called Oasis in BrainCo's mobile application and improve their concentration skills. Focus 1 can also convert brainwaves into various commands that control different devices such as lights, prosthetic hands, toys, and appliances. 'During my research at Harvard Center for Brain Science, I realised that EEG (electroencephalography) can help train the brain and improve focus. So I founded BrainCo to give everyone access to the latest technology,' said BrainCo Founder and CEO, Bicheng Han. 'BrainCo aims to help people sharpen their focus and train their brain on a daily basis, and our fantastic team has been making every effort to achieve this goal. Together, we have a vision of improving people's daily focus and productivity, and this latest round of funding has given us the opportunity to bring that vision one step closer to reality. ' For more information regarding BrainCo and to see why so many investors and competitions are rewarding their efforts, visit BrainCo.Tech today. About BrainCo: BrainCo was founded in February of 2015 and incubated from the Harvard Innovation Lab. The company develops portable, wireless BMI wearables, which help improve working efficiency through neurofeedback training. By July of 2016, BrainCo further expanded and transferred their headquarters to Somerville near the Harvard University campus. (c)2011-2015 by Massinvestor, Inc. For contact info, please check out our about page.

Wandai Capital Investments

1 Investments

Wandai Capital has made 1 investments. Their latest investment was in BrainCo as part of their Seed on December 12, 2016.

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Wandai Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/14/2016

Seed

BrainCo

$5.5M

Yes

8

Date

12/14/2016

Round

Seed

Company

BrainCo

Amount

$5.5M

New?

Yes

Co-Investors

Sources

8

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