Online brain training company Lumosity has raised $31.5m in Series D financing, led by Discovery Communications, along with participation by existing investors FirstMark Capital, Harrison Metal, Menlo Ventures and Norwest Venture Partners.
Lumosity said it will use the funds to continue its pioneering research into human cognitive performance, build the leading science-based learning brand, and reach hundreds of millions of users.
The company has received a total of over $70m in funding to date.
In the past year, Lumosity’s membership has doubled to over 25 million members and the Lumosity mobile app has been downloaded ten million times since launching in 2010.
The mobile app has reached the number one spot in the overall app store, and is consistently the top app in the education category.
“Our goal has always been to use technology to create cutting-edge neuroscience-based programs that help people reach their full potential,” said Kunal Sarkar, co-founder and CEO of Lumosity.
“We’re motivated by the millions of consumers who use Lumosity every day to enhance their lives, and we’re excited that Discovery Communications has decided to support our growth into a global learning brand.”
Over the past five years since launching Lumosity.com, the company has built up the world’s largest database of human cognitive performance.
This database is part of Lumosity’s Human Cognition Project, and is being used in neuroscience research with academic researchers to provide insights into the application of cognitive training for learning.
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