# VAE Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vae-labs

- Industry: Consumer Products
- Headquarters: Toronto, Canada
- Website: www.vaelabs.com
- Total disclosed funding: $2M
- Latest round: Seed (Feb 13, 2023)
- Investors on record: 3

## About

Based in Ontario, Canada, and founded in 2019 by Chaim Weinerman and Orri Bogdan, VAE Labs Inc., f.k.a. Nhance Neurotechnologies Inc., a.k.a. VAE Labs operates as a manufacturer of a sprayable caffeine device that offers energy spray for high performers looking for a quick boost. In February 2023, VAE Labs raised USD 2 million in seed funding led by Draper Associates, with participation from Cartograph Ventures and Midnight Venture Partners. The seed funding round values the company at USD 8.5 million post-money.

The company provides energy solutions formulated with various ingredients, such as purified water, natural caffeine, natural L-theanine, N-acetyl-L-tyrosine, sucralose (sweetener), natural flavors, maltodextrin, sodium benzoate (stabilizer), and potassium sorbate (stabilizer).

VAE Labs plans to use its proceeds from February 2023 funding to boost its sprayable caffeine device into the commercial market and expand into supplements at large, like CBD, THC, melatonin, vitamins, and eventually medicine.

## Funding rounds

- Seed, Feb 13, 2023, $2M — Draper, Midnight Venture Partners, Cartograph Ventures

## Investors

- Draper (https://capitalatlas.ai/funds/draper) — Seed
- Midnight Venture Partners (https://capitalatlas.ai/funds/midnight-venture-partners) — Seed
- Cartograph Ventures (https://capitalatlas.ai/funds/cartograph-ventures) — Seed