Creathor leads Memorado's $3.3m series-A
Creathor Venture and Global Founders Capital (GFC) have co-led a $3.3m series-A funding round for brain training start-up Memorado.
Existing investors Sunstone Capital, as well as several business angels, also participated. GFC is the investment vehicle of the Samwer brothers, who founded Rocket Internet.
According to research by SharpBrains, the digital brain-health market is set to reach $6bn by 2020.
Creathor manages funds totalling more than €180m, of which the management team have contributed around €50m. The VC invests in technology companies across the mobile, social, e-commerce, media, cloud, cleantech, life science and medtech industries.
Previous funding
Sunstone and several business angels invested $1.3m in Memorado's seed funding round in March 2014.
Company
Launched in February 2014, Memorado is a brain training and cognitive science start-up based in Berlin. It grew to one million members in six months and now counts more than 3.5 million members.
People
Marius Luther is the founder of Memorado. Cedric Köhler is managing partner at Creathor Venture and a Memorado board member. Max Niederhofer is general partner at Sunstone Capital and a Memorado board member.
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