Last week, a sizable deal in the field of neurosciences was announced in Russia. Maxim Basov, an executive from the agro industry, has invested in Wikium, an award-winning startup offering brain productivity exercises for office staff and students.
Basov took control of the company, acquiring a 66% stake, Rusbase reported. The amount of the deal was not disclosed, but Rusbase noted that Wikium has been valued at $15 million post-money.
A part of Basov’s investment will be injected into the company for scale-up and R&D purposes. With the help of researchers, Wikium intends to launch programs for mental health, aiming to increase stress resistance and psychological comfort.
Wikium claims its solutions have a measurable effect on human cognitive capacities:
- Reaction speed: +17% after one week of exercises;
- Memory: +19% after 2-3 weeks;
- Concentration on tasks: +60% after one month;
- Attention to details: x2.1 after two months
Last year Wikium’s revenue amounted to 170 million rubles (some $2.3 million at the average exchange rate of the year). The company claims 6.5 million users, including employees from Lukoil, Mercedes-Benz Russia, Rockwool Russia, Rosbank, Rostelecom, Siemens Finance, Sovcombank, among others.
The Wikium press service has yet to respond to EWDN’s media inquiry.
