Stonebridge leads $3.5m round for Korean wearables maker
Stonebridge Capital has led a $3.5 million Series A round for Ybrain, a Korean start-up that makes wearables for Alzheimer's patients.
This brings the total capital raised by Ybrain to $4.2 million - the company previously raised a $643,000 seed round from undisclosed investors.
Founded in 2013, Ybrain is a brain signal-based wearable device company which is also building its own mobile health and wellness solutions platform. Its wearable devices are for patients suffering from Alzheimer's and mild cognitive impairment.
The startup claims that clinical trials show its wearable devices are 20% to 30% more effective than existing oral medication for Alzheimer's patients.
According to TechCrunch, the investment will be used for clinical trials and the manufacture of its wearable devices.
Stonebridge is a Seoul-based venture capital and private equity firm founded in 2008. Last month, Stonebridge Capital, KTBNetwork and SoftBank Ventures Korea invested KRW3.4 billion in ID Incu, a mobile survey applications developer in South Korea.
More on Technology
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.