Muse headband maker Interaxon raises $14.8 mln Series B-1

Toronto-based brain health technology platform Interaxon Inc has secured about $14.8 million (US$11.6 million) in a Series B-1 financing. The round was led by Trend Forward Capital, Export Development Canada and OMERS Ventures, which led the company's prior financing in 2015. Epic Capital Management and Bridge Builders Collaborative also invested. The funds raised will be used to accelerate Interaxon’s growth into the health and wellness space and support the release of new applications and services for its flagship product, brain sensing headband Muse. Led by CEO Derek Luke, Interaxon has raised almost $40 million since its founding in 2007.

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