LAUSANNE, Switzerland and PARIS and MONTPELLIER, France and LONDON and BALTIMORE, Oct. 7, 2021 /PRNewswire/ MindMaze, a global pioneer in the multibillion-dollar digital neurotherapeutics
The startup, which has FDA-cleared products for rehabilitation after a stroke or brain injury, plans to use the funds to expand into other indications and grow its presence in North America and Europe.
TechnologyEXCLUSIVE Swiss digital therapeutics firm MindMaze in SPAC talks, seeks funds, say sources
Arno Schuetze
3 minute read
Swiss digital therapeutics firm MindMaze, backed by Hollywood star Leonardo DiCaprio, is considering a Nasdaq listing by merging with a SPAC, or blank check company, and has held talks with a series of U.S. suitors, people close to the matter said.
As an initial step to attract financing for growth and acquisitions, it has been talking to investors about raising more than $100 million in a deal valuing the company at more than $2 billion, they added.
MindMaze is working with Citi (C.N) on the fundraising, which could involve a private placement or a convertible bond offering, they added.
RIYADH: MindMaze Healthcare, a Swiss technology company which specializes in treating brain disorders, is expanding into Saudi Arabia. MindMaze develops digital neurotherapeutics to help repair damage caused by strokes, multiple sclerosis, Parkinson’s, and other neurological conditions.
It has also developed video games, which promote the development of high intensity therapeutic movements which help lead to the restoration of damaged brain functions. The Lausanne-based company has partnered with Saudi company Alkholi Medical. Founded in 1976 by Dr. Hamza Alkholi, it specializes in a variety of healthcare field, from importing medical devices to establishing and operating medical centers.
“MindMaze products have proved to be the best in the market, as validated by the leading US institutions in the field. Thanks to distributors and partners, we can reach more patients faster, so that people with neurological diseases all around the world can benefit firsthand from these proven