Mindstate Design Labs: Funding, Investors & Team (Sep 2026)
Mindstate Design Labs is a preclinical-stage biotechnology company developing the next generation of psychedelic-inspired therapeutics for intractable mental health conditions. The company maps the biological basis of the varieties of psychedelic experiences and uses that map to design therapeutic states of mind to be applied in medically supervised settings to heal the root causes of mental health disorders.
Mindstate Design Labs has raised $24.2M across 2 funding rounds on record, the most recent an undisclosed round of $12.7M announced in Nov 2024.
That round is above the $8.0M median round size for Biotechnology companies tracked on FundedIQ over the last two years.
Mindstate Design Labs Company Profile and Key Stats
Latest funding round on record: Nov 2024.
Mindstate Design Labs Funding Rounds
Mindstate Design Labs raised $11.5M in a Seed announced in Feb 2022.
2.8 years later, an undisclosed round of $12.7M was announced in Nov 2024.
Mindstate Design Labs Founders and Leadership Team
Contact details for the Mindstate Design Labs team: 2 of 2 have an email address on file.
Start 14-day free trial →Mindstate Design Labs Funding Compared to Other Biotechnology Startups
Mindstate Design Labs' latest round of $12.7M is above the median round in Biotechnology. Medians cover the last 24 months of disclosed rounds.
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Mindstate Design Labs Funding FAQs
What does Mindstate Design Labs do?
Mindstate Design Labs is a preclinical-stage biotechnology company developing the next generation of psychedelic-inspired therapeutics for intractable mental health conditions. The company maps the biological basis of the varieties of psychedelic experiences and uses that map to design therapeutic states of mind to be applied in medically supervised settings to heal the root causes of mental health disorders.
How much funding has Mindstate Design Labs raised?
Mindstate Design Labs has raised $24.2M across 2 rounds on record. The most recent is an undisclosed round of $12.7M announced in Nov 2024.
When did Mindstate Design Labs last raise funding?
Mindstate Design Labs' most recent funding round on record is an undisclosed round of $12.7M, announced in Nov 2024.
Who founded Mindstate Design Labs?
FundedIQ lists Tom Ray (Founder) at Mindstate Design Labs.
Who is the CEO of Mindstate Design Labs?
Dillan DiNardo is listed as CEO at Mindstate Design Labs.
Where is Mindstate Design Labs headquartered?
Mindstate Design Labs is based in Pittsburgh, Pennsylvania, United States.
How many employees does Mindstate Design Labs have?
Mindstate Design Labs is in the 1-10 employee band.
How does Mindstate Design Labs' funding compare to other Biotechnology startups?
Mindstate Design Labs' latest round of $12.7M is above the $8.0M median round size for Biotechnology companies on FundedIQ across 4,179 tracked companies over the last two years.
About FundedIQ's Mindstate Design Labs Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Mindstate Design Labs is left off this page rather than filled in.
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