# MindMate

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindmate

- Industry: Healthcare IT
- Headquarters: Glasgow, UK
- Website: www.mindmate-app.com
- Total disclosed funding: $0.1M
- Latest round: Angel (Sep 25, 2015)
- Investors on record: 2

## About

MindMate Ltd. is a digital health company that develops a comprehensive app designed to assist individuals experiencing cognitive decline, including memory loss related to conditions like Alzheimer’s and dementia.Founded in 2015 and headquartered in Glasgow, UK, MindMate Ltd. delivers innovative digital solutions tailored for cognitive health. The company has completed 6 deals with its latest funding round occurring on May 15, 2019, where it raised USD 2.571 mn from One Way Ventures and other investors. The founding team includes Meghana Bhaskarabatla, Patrick Renner, Rogelio Arellano, Susanne Mitschke, and Trupti Bal, with Susanne Mitschke serving as CEO.MindMate Ltd. offers the MindMate app, a digital solution for individuals facing memory loss and cognitive decline. The app includes daily activities, interactive games focused on cognitive skills, nutritional guidance, and personalized fitness routines. It aims to support users’ mental and physical well-being, primarily targeting individuals with memory impairments and their families. The app is available in various markets including North America and Europe, emphasizing a scientific approach to cognitive health.In 2017, MindMate Ltd. reported revenues of USD 310,880. The company primarily generates income through a subscription-based model for its app, allowing users to access premium content on a monthly or annual basis. Future revenue opportunities may arise from partnerships with healthcare providers, alongside a tiered pricing strategy to enhance user engagement.Following its recent funding round on May 15, 2019, where MindMate Ltd. raised USD 2.571 mn, the company aims to expand its product offerings and enter new geographic markets. Plans include the design and launch of new functionalities within the MindMate app, targeting an increase in user engagement. Additionally, MindMate is exploring expansion into additional regions, with specific plans to penetrate further into European markets within the next two years.

## Funding rounds

- Angel, Sep 25, 2015, $0.1M — Northstar Ventures, Ignite

## Investors

- Northstar Ventures (https://capitalatlas.ai/funds/northstar-ventures) — Angel
- Ignite (https://capitalatlas.ai/funds/ignite) — Angel