Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


mic AG brings another investor on board - for neuroConn Gmbh


Munich, September 8, 2008. mic AG, the Munich based investment firm specializing in early-
stage technology ventures has been successful in securing additional funding for one of its
portfolio company’s, the Ilmenau based neuroConn GmbH. By entering as the new investor, V+
GmbH & Co. Fonds 2 KG, will acquire 25,04% of interest in neuroConn, which is currently valued
at 3 Million Euros. neuroConn GmbH, a specialist and a leading provider of neurofeedback and
transcranial stimulation devices, plans to use the additional funding to further its efforts in growth
expansion and marketing activities.
neuroConn GmbH which manufactures and distributes EEG feedback devices for training of cortical self
regulation of slow cortical potentials, is acknowledged as a leader in this highly specialized field. The
firm’s know-how and expertise in the Brain-Computer-Interface technology has been invaluable to many
well known German and international neuroscientists who see neurofeedback as the basis for an
alternative therapy of migrane, epilepsy, tinnitus and other neuro-psychiatric diseases. Neurofeedback
therapy has already been successfully used in treatments of children and adolescents diagnosed with
Attention-Deficit/Hyperactivity Disorder (ADHD or ADD), and offers an alternative method to the
conventional pharmacological treatment methods with Ritalin.
A few months ago, neuroConn GmbH joined forces with Magstim Company Ltd, a Wales based forefront
global leader engaged in the research, development, manufacture and marketing of medical and research
devices within the neurological and surgical fields. The essence of this strategic partnership is expected
to be increased business value and global growth for neuroConn GmbH.
mic AG will remain the majority interest holder in neuroConn GmbH following the entrance of V+ GmbH
& Co. Fonds 2 KG as the additional investor. Manuel Reitmeier, CFO and one of the Managing Directors
at neuroConn GmbH, cites the engagement of mic AG in this strategic move as an example of the overall
success of the mic AG business concept. “ As an early-stage investor, we not only support the young
firms with financial means, but are actively engaged in looking for strategic partners and investors that
can expedite the growth opportunities of these firms. The business engagements with both, V+ GmbH &
Co. Fonds 2 KG and Magstim Company Ltd, will serve to strengthen the growth developments and
business potential of neuroConn GmbH”.
About mic AG
mic AG, that originated as the 2001 founded Meiningen Incubator Center GmbH, is a publicly traded
company listed in the Entry Standard of the German Stock Exchange. The principal strategy of mic AG is
to invest in the early stages of technology firms and provide these firms with a multi-faceted suite of
services: financial, administrative, legal, consulting, sales and marketing. The portfolio companies benefit
from market maturity and positioning of mic AG and its established management applications. mic AG,
active in the Microsystems, Communication/Fiberoptics and Medicine Technology sectors. Since the
admission to the Stock Exchange in 2006, mic AG has successfully sold 3 portfolio companies and
currently holds 10 subsidiaries in its portfolio. mic AG generally assumes the role of the lead investor.
Contact Information:
mic AG
Joanna Izdebski
Tel: +49-(0)3693 8813 133
Fax:+49-(0)3693 8813 149

Publisher Contact Information:

mic AG
+49-(0)3693 8813 133

Company profile of mic AG
Past press releases of mic AG.


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Nov 25€24.0MInternet commerce
May 30€15.0MBiopharmaceuticals
May 28€15.0MDiagnostics
May 28€1.3MInternet services
May 25€1.0MOther Software
May 22N/AInternet services
May 20€1.6MMedical devices

For information on Europe's most extensive database on technology funding click here!


Press Releases

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

Oct 1
The Link App
the link app launches version 2.0

About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.