Startups
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.
Overview
Employees
1-10
Total raised
$11.63M
Founded date
2021
Investors 9
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Aug 25, 2021 | Y Combinator | ycombinator.com |
| Empath Ventures | empath.vc | |
| Jul 31, 2023 | Hub Angels Investment Group | hubangels.com |
| PsyMed Ventures | psymed.ventures | |
| Feb 10, 2022 | Initialized Capital Management | initialized.com |
| Actions Capital | actions.capital | |
| Day One Ventures | dayoneventures.com | |
| Immeasurable | immeasurable.com |
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Aug 31, 2021 | Pre-seed round | $125K |
Mentions in press and media 6
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Feb 11, 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... |
| Sep 1, 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... |
| Mindstate Design Labs | “A psychedelic drug development company designing altered states of consciousness for mental health therapeutics.” | |
| Pittsburgh’s RealLIST Startups: So far, these founders say 2022 has treated them well | What has 2022 brought to Pittsburgh’s growing tech companies? For the past six years, Technical.ly has kicked off each new year by highlighting the young companies making a splash in the cities we cover. We call these our RealLIST Startups.... | |
| 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... |
Reviews 0
FAQ about Mindstate Design Labs
When was Mindstate Design Labs founded?
Mindstate Design Labs was founded in 2021.
How much funding has Mindstate Design Labs raised?
Mindstate Design Labs has raised $11.63M in total across 2 funding rounds.
What funding rounds has Mindstate Design Labs raised?
Parsers VC lists 2 funding rounds of Mindstate Design Labs, among them a pre-seed round of $125K on Aug 31, 2021.
Who has invested in Mindstate Design Labs?
Parsers VC lists 9 investors of Mindstate Design Labs, among them Hub Angels Investment Group, Initialized Capital Management and Y Combinator.
What has the press written about Mindstate Design Labs?
Parsers VC has collected 6 articles mentioning Mindstate Design Labs, among them “Mindstate Design Labs raised an $11.5M seed round for psychedelic-inspired therapeutics” (Feb 11, 2022) and “Here are all the companies from Day 2 of Y Combinator’s Summer 2021 Demo Day” (Sep 1, 2021).
Is Mindstate Design Labs still active?
Yes, Mindstate Design Labs is active; its latest activity on Parsers VC dates from Jul 31, 2023.