The developer of a memory and cognitive skills improvement app, Ukrainian startup memoryOS, has raised over $1 million in investment from Ukrainian funds Flyer One Ventures, SID Venture Partners, Vesna Capital, Angel One Fund, and business angel Anthony Brenninkmeijer.
According to an anonymous source cited by Forbes, the funds were raised at a $20 million post-money valuation.
The startup’s main product is a mobile memory training app that combines learning techniques with gamification. It has been downloaded over 500,000 times.
The company plans to use the funds to expand its team, further develop the technology, and grow its user base.
memoryOS was founded in 2019 by Alex Ruzh and Jonas von Essen, a two-time World Memory Champion. According to the company, the app has delivered impressive results: among thousands of users, memory accuracy increased by 70%, and speed improved by 60%.
