Lumosity Raises $31.5M in Series D Financing
Lumosity, a San Francisco, CA-based provider of online brain training solutions, has raised $31.5m in Series D financing.
The round was led by Discovery Communications (Nasdaq: DISCA, DISCB, DISCK), with participation from existing investors FirstMark Capital, Harrison Metal, Menlo Ventures and Norwest Venture Partners.
The company intends to use the funding to continue its research into human cognitive performance, build the brand, and increase adoption.
Launched in 2007 by Kunal Sarkar, CEO, Lumosity has built up a large database of human cognitive performance, which is being used in neuroscience research with academic researchers to provide insights into the application of cognitive training for learning. Its online and mobile programs train core cognitive abilities such as memory and attention. Lumosity now has more than 40 games, 25 million members, and paying subscribers from 180 countries.