Tech Company Financing Transactions
Luminopia Funding Round
On 11/11/2022, Luminopia raised $5.7 million in Seed financing from Shangbay Capital, Sony Innovation Fund and SSI Strategy.
Transaction Overview
Company Name
Announced On
11/11/2022
Transaction Type
Venture Equity
Amount
$5,700,000
Round
Seed
Investors
Proceeds Purpose
The company will be using the funding for a staged rollout of its lead product for amblyopia to pediatric ophthalmologists starting this month, before expanding to a broader launch in the second half of 2023.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
955 Massachusetts Ave 335
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
Around 15 million Americans suffer from vision loss caused by deficiencies in the brain, instead of any structural issues with the eyes. Traditional therapeutic modalities are unable to properly target and treat these deficits, leaving a significant unmet need. By harnessing the latest in digital technology, we're creating an entirely new category of medicines to address these conditions. We develop software products that generate therapeutic visual stimuli and deliver them to the patient through a virtual reality headset, using the eyes to stimulate the brain. The success of our amblyopia therapeutic provides proof-of-concept for our broader platform.
Management Team
Title
Name
Email & Social
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