Lumosity Raises $32.5M In Funding For Neuroscience Gaming

Neuroscience gaming company Lumosity has raised $32.5 million in Series C funding, allowing the company to expand its games and exercises to more users. The round of funding was led by Menlo Ventures, and included existing investors FirstMark Capital, Harrison Metal and Norwest Venture Partners. Lumosity was set up by neuroscientists from Stanford University, as a means of creating games that improve users' core cognitive abilities, with the aim to make them perform more quickly and efficiently at school or work. The company currently has collaborations running with over 25 academic instituations from around the world, including the top five neuroscience programs in the United States. Kunal Sarkar, co-founder of Lumosity, noted, "As a company, we're energized by the success stories of our customers and how Lumosity has helped them achieve their goals." "We hear from professionals who advance their careers more quickly, students who can now pay attention well enough to succeed in school, or others who simply report being more sharp and confident in everyday life." "These are the outcomes that motivate us each day, and the additional capital will allow us to broaden our R&D efforts and help create a better user experience across our web and mobile offerings."