Plural invests in UK health tech company CoMind

Venture capital firm Plural, founded by Estonian entrepreneurs Sten Tamkivi and Taavet Hinrikus, led a £75M ($100M) funding round for London-based health tech company CoMind. Hinrikus will join the company's board of directors.

CoMind raised a Series A round. Other participants in the deal included Italy's Angelini Ventures and the UK's LocalGlobe, Octopus Ventures, Crane Venture Partners, Backed VC and Entrepreneurs First.

The startup was founded by James Dacombe in 2018. The company developed an optical neuromonitoring platform for non-invasively measuring key indicators of brain health, including cerebral blood flow, autoregulation and intracranial pressure.

CoMind is currently seeking regulatory approval to enter the US intensive care unit market, where 3 million patients suffer traumatic brain injuries annually.

Founded in 2022 by Sten Tamkivi, Taavet Hinrikus, Ian Hogarth, and Khaled Helioui, Plural focuses on leading early-stage rounds between €1M and €10M. In 2023, a new partner, AI-driven biotech HelixNano founder and VC investor Carina Namih, joined Plural. The fund has its own rule that requires all of Plural's partners to make personal co-investments in the deals they lead.

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