Mobio Interactive Closes 7-Figure Seed Raise Led by Verge Healthtech
June 25, 2020 -- Mobio Interactive has just closed 1.75 million usd in seed funding. The raise was led by the Singapore-based Verge Healthtech Fund. Other important institutional investors are Atlas Assets, Creative Ventures and SOSV, the latter of whom backed MI in a previous round. In addition, MI welcomes two new private investors including Mike Nolet, the co-founder and former CTO of AppNexus and creator of the wellness chatbot LiveBetter. Funds will be used to expand MI's team and accelerate the development of MI's digital therapeutics, Am Mindfulness, which was the first-ever meditation app to outperform placebo in clinical trials.