Lumosity Raises $31.5 Million in Series D Funding
SAN FRANCISCO (BUSINESS WIRE)
Lumosity, the leader in online brain training, today announced that it has raised $31.5 million in Series D financing. Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) led this round of financing, along with participation by existing investors FirstMark Capital, Harrison Metal, Menlo Ventures and Norwest Venture Partners. The company 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. Lumosity has received a total of over $70 million 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 10 million times since launching in 2010. The mobile app has reached the #1 spot in the overall app store and is consistently the top app in the Education category.
To read the full press release on Yahoo Finance, click here.