Humm raises $3.7m from US-based investors

20/12/2019 - 12:01

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WA-raised tech startup Humm has raised US$2.6 million (AU$3.7 million) from US-based investors, to further aid in the commercialisation of its wearable Edge headband technology.

Ian McIntyre (right) said funds raised would go towards building a mobile app to go alongside Humm's Edge headband.

WA-raised tech startup Humm has raised US$2.6 million (AU$3.7 million) from US-based investors, to further aid in the commercialisation of its wearable Edge headband technology.

Raised from Blueyard Capital, CRCM Ventures and the Berkeley Skydeck, the startup, which is now based in San Francisco, has raised a total of US$3.1 million (US$4.5 million) to reach its goal.

The funds will go towards expanding the scope of the app so that includes a mobile application to work alongside it.

Founder and chief-executive Iain McIntyre said feedback received in the past six months had contributed to improving the product’s experience.

“A massive thank you to all the people who've supported, advised, encouraged and challenged us along the way,” he said.

“None of this would be possible without an army of people who believe in us and support us on our mission to create a healthier safer technology that is targeted, chemical free and measurably elevates our brain’s capabilities.”

Humm, which is based in WA with operations in the US and China, was founded in 2017, and has focused on commercialising its Edge technology.

Though the startup maintains an international focus, Mr McIntyre continues to hold professional ties in WA, serving as a non-executive director with WAITTA.

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