Mindstate Design Labs is a next-generation psychedelic biotech company designing novel states of consciousness for mental health therapeutics. The company uses firsthand human experience, large language models, and biochemical data to map the biological basis of psychedelic experience and precision-design alterations to the constructs of conscious experience. Mindstate Design Labs was in the Y Combinator S21 batch and raised a seed round led by Initialized Capital with participation from a number of other VCs and angels including founders of OpenAI, Neuralink, AngelList, Coinbase, Instacart, and Twitch.
Employees: 1-10
Total raised: $11.63M
Founded date: 2021
Investors 7
| Date | Name | Website |
| 25.08.2021 | Y Combinat... | ycombinato... |
| - | Empath Ven... | empath.vc |
| 31.07.2023 | Hub Angels... | hubangels.... |
| - | PsyMed Ven... | psymed.ven... |
| 10.02.2022 | Initialize... | initialize... |
| - | Day One Ve... | dayonevent... |
| - | Immeasurab... | immeasurab... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 11.02.2022 | Seed | $11.5M | K50 Ventur... |
| 31.08.2021 | Pre-Seed | $125K | Y Combinat... |
Mentions in press and media 5
| Date | Title | Description |
| 28.02.2022 | Mental Health стартапы из Y Combinator | По одним данным каждый пятый, а по другим — каждый второй, страдает от mental health заморочек различной степени тяжести. Объем рынка mental health оценивается в $300 млрд и вырастет в ближайшие годы до $500 млрд. Выгорание, депрессия, бипо... |
| 11.02.2022 | Mindstate Design Labs raised an $11.5M seed round for psychedelic-inspired therapeutics | Could Pittsburgh become a leading city for psychedelic biotech innovations? One startup is making that bet. Pittsburgh-based preclinical biotech startup Mindstate Design Labs announced yesterday that it had raised an $11.5 million seed roun... |
| 01.09.2021 | Here are all the companies from Day 2 of Y Combinator’s Summer 2021 Demo Day | Welcome back to TechCrunch’s continuing coverage of Y Combinator’s Summer 2021 Demo Day! This is Day Two. If you haven’t caught up yet on what happened during the first day, you can read our recap of all the presenting companies here, our f... |
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| - | The famed startup accelerator Y Combinator is wading into the $100 billion psychedelics industry. Here's how 3 psychedelics firms got into the program. | Psilocybin found in magic mushrooms is a type of psychedelic Alexander Volkov/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now The famed startups accelerator Y Comb... |