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Life Sciences Series B Founded 2013

Sooma Oy

Sooma Oy is a medical device company that develops non-invasive brain stimulation technology for treating major neurological and psychiatric disorders. The company initial product uses transcranial Direct Current Stimulation (tDCS) to target major depressive disorder, and is CE Marked for clinical use in Europe. The device delivers low-intensity electrical currents through the scalp to modulate neural activity in…

📍 Helsinki, Finland · Neurology,

Funding snapshot

Last roundSeries B
Amount$5M
Date13 March 2024
Total raised$7M
Team size23

About

Sooma Oy is a medical device company that develops non-invasive brain stimulation technology for treating major neurological and psychiatric disorders. The company initial product uses transcranial Direct Current Stimulation (tDCS) to target major depressive disorder, and is CE Marked for clinical use in Europe. The device delivers low-intensity electrical currents through the scalp to modulate neural activity in specific brain regions, offering a drug-free treatment option for patients who have not responded to traditional antidepressant medications. Sooma technology is designed for use in both clinical and home settings, making neuromodulation therapy accessible outside specialized medical facilities. The company is expanding its therapeutic applications beyond depression to address other neurological and psychiatric conditions. Founded in 2013 and headquartered in Helsinki, Finland, Sooma has raised approximately $6.6 million through Series B funding from investors including Voima Ventures, VERGE, EIC Fund, Innovestor, and Lifeline Ventures.

Business model

Wearable Technology > Health and Wellness Devices > Chronic Pain,

Disease Self Management > Neurological Disorders > Therapy > Psychological > Device,

Neurology > Medical Devices > Therapeutic Devices > Psychiatric > Depression

Institutional investors

Voima Ventures VERGE Stephen Industries EIC Fund Innovestor Businessfinland Europa Lifeline Ventures Athensmed Grannenfelt Finance

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