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Neuromod Secures €655K Investment

Neuromod Devices has raised €655,000 in capital from company management private investors through an Employment and Investment Incentive (EII) tax-relief scheme. The investment will fund the continued expansion of the company as they prepare to obtain further clinical data to secure global regulatory approvals for the company’s neuromodulation technology for tinnitus.

Neuromod Devices is headquartered in NovaUCD, the Centre for New Ventures and Entrepreneurs at University College Dublin (UCD). The company anticipates the Irish launch of the mutebutton® system in Dec 2014, ahead of a wider European launch commencing early 2015.