When was Mendi founded?

Mendi was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Mendi located?

Mendi is headquartered in Stockholm, Sweden.

How many employees does Mendi have?

As of Oct 31, 2026, the latest employee count at Mendi is 39.

Is Mendi a funded company?

Mendi is a funded company, having raised a total of $8.21M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 10, 2019.

When was the latest funding round of Mendi?

Mendi's latest funding was a $***** Seed round on Oct 28, 2021, with participation from 4 investors.

Where does Mendi rank among its competitors?

Mendi ranks 21st amongst 274 active competitors, of which 80 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was BrainCo, which secured an undisclosed amount in Sep, 2026.

Who are the top competitors of Mendi?

Mendi's top competitors include Ceribell, Empatica and Cala Health. Among them, BrainCo secured the most recent funding round in September, 2026.

Mendi - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of wearable brain training devices. It offers a smart headset that measures brain activity using fNIRS technology to visualize and train brain activity, making brain training tangible by visualizing neural activity in the Mendi app.

Website: www.mendi.io/
Social
Email ID: *****@mendi.io

Key Metrics

Founded Year

2017

Location

Stockholm, Sweden

Stage

Seed

Total Funding

$8.21M in 5 rounds

Latest Funding Round

Seed, Oct 28, 2021, $*****

Investors

First Venture & 9 more

Ranked

21^st among 274 active competitors

Employee Count

39 as on Oct 31, 2026

Similar Companies

Ceribell & 277 more

View Mendi's full profile

Mendi is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Mendi Innovations AB CIN: 559075-4510 , Sweden, Active	Dec 31, 2017	-	-	-

Mendi has raised a total funding of $8.21M over 5 rounds. Its first funding round was on Jul 10, 2019. Its latest funding round was a Seed round on Oct 28, 2021 for $*****. 4 investors participated in its latest round. Mendi has 7 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Mendi:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 28, 2021	2868246	Seed	5173944	8962037	7182204	4318177
Nov 09, 2020	3225140	Seed	1216404	8282096	4084452	2831588
Mar 31, 2020	9386560	Grant (prize money)	6075216	6561005	1199288	EIC Fund

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View details of Mendi's funding rounds and investors

The founders of Mendi is Sammy Saldjoghi.

Here are the details of Mendi's key team members:

Sammy Saldjoghi: Co-Founder of Mendi.

View details of Mendi's Founder profiles and Board Members

Mendi's employee count trend

Mendi has 39 employees as of Oct 26. Here is Mendi's employee count trend over the years:

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Top competitors of Mendi include Ceribell, Empatica and Cala Health. Here is the list of Top 10 competitors of Mendi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ceribell 2014, Mountain View (United States), Public	EEG system for the diagnosis of seizures	$188M	The Rise Fund, Longitude Capital & 11 others	69/100
2nd	Empatica 2011, Milano (Italy), Series B	Developer of a wrist band to monitor physiological signals	$30.9M	RA Capital Management, Sanofi Ventures & 5 others	66/100
3rd	Cala Health 2013, Stanford (United States), Series D	Developer of a wearable non-invasive neuromodulation device	$257M	Vertex Growth, Novartis & 29 others	63/100
4th	Beacon Biosignals 2019, Boston (United States), Series B	AI-based EEG analysis and diagnosis platform for healthcare providers	$141M	General Catalyst, Logos & 11 others	63/100
5th	BrainCo 2015, Somerville (United States), Series B	Provider of a prosthetic hand and EEG headband for brain signal	$292M	Walden International, IDG Capital & 10 others	58/100
6th	Emotiv 2011, San Francisco (United States), Seed	Manufacturer of wireless EEG headsets and software solutions	$7.41M	Disney Accelerator, The Wells Investment & 3 others	58/100
7th	BrainScope 2006, Bethesda (United States), Series B	Provider of AI-powered non-invasive medical devices for diagnosing and assessing brain injuries, including concussions and brain bleeds	$62.2M	Maryland Venture Fund, Aon & 11 others	58/100
8th	Cumulus Neuro 2015, Belfast (United Kingdom), Series A	AI and cloud-based brain physiology analysis tool for clinical trials	$19.6M	Par Equity, Innovate UK & 29 others	57/100
9th	Kernel 2016, Los Angeles (United States), Series C	Developer of multimodal brain measurement technology for neuromedicine	$158M	General Catalyst, Eldridge Industries & 3 others	57/100
10th	Spark Biomedical 2018, Houston (United States), Series A	Developer of wearable neurostimulation technology for drug-free opioid withdrawal treatment	$31.2M	Wave Ventures, Wellcome Leap & 5 others	56/100
21st	Mendi 2017, Stockholm (Sweden), Seed	Provider of wearable brain training devices	$8.21M	EIC Fund, Gaingels & 8 others	51/100