CogniFit (MindFit, DriveFit) raises USD 5 million

From the website of the investing venture capital firm, Milk Capital:

Milk Capital invests USD 5 million in CogniFit

-July 31st, 2008. "Milk Capital invest USD 5M in Cognifit, a company specialized in cognitive and brain softwareThe solutions developed by CogniFit are designed to be applied to a large number of fields, such as healthcare, driving, education, sport and many others. The field of applications is almost unlimited as it is only restricted by the capacities of the brain."

-"Since its establishment in 1999, CogniFit attracted 4.2M$. Despite this rather moderate investment at the beginning, the company has grown significantly and today, its software is distributed in a large number of countries, from the United States through France to New Zealand, and has been translated into ten languages. This 5M$ investment of MILK CAPITAL should drive the development of CogniFit all the more than the company intends to conquer new markets by means of new products and applications all over the world."

Other recent venture rounds, showing the growth in the category:

- February 2008:Dakim raises $10,6 million

- June 2008:Lumos Labs (Lumosity) raises $3 millions

For more information on the whole category -size, clinical validation, customer segments, player landscape, trends- you may enjoy our Market Report.

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