Techstart Ventures is a venture capital fund manager operating in Scotland and Northern Ireland.
Techstart Ventures and Funding Circle co-founders backed the mobile startup to support its commercial launch.
"The mobile networks have not evolved and customers continue to face an outdated product offering, poor experience and endless high-street stores."
The Belfast-based health technology firm secured Series A backing from investors including Wharton Asset Management and IQ Capital to advance its neurological research and medical trials.
"We are delighted to receive this latest wave of funding, it will enable us to continue to lead the way in developing non-invasive neuro-stimulation technology and will propel our work to a whole new level,"
The funding round was led by the Angel CoFund, Beltrae Partners, and TechStart NI.
"The first generation of wearable tech devices had a huge impact on the world, helping millions better understand their physical output. Modius is part of an exciting second generation of wearable tech and is a product that actually and actively improves health rather than simply measuring. We believe there are tens of millions of people who will find they can become leaner through use of the Modius device. We also know that neuroscience and technology can be combined to affect all sorts of other health issues which in effect gives our company a very robust product pipeline."
