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Noetic Fund is a venture capital firm founded in 2020, headquartered in Toronto, Canada. The firm focuses on investing in early-stage technologies that address mental health and wellbeing. Its mission is to develop sustainable therapies, products, and services aimed at optimizing human experience and advancing mental, emotional, and physiological health.
As of now, Noetic Fund manages a portfolio of 26 companies and has launched two funds: the Noetic Psychedelic Fund LP, which closed to new investors in December 2020, and a second fund launched in February 2021 with a broader mandate beyond psychedelics. The firm is recognized for its commitment to evidence-backed solutions and has been acknowledged by Psychedelic Alpha as a key player in the mental health investment sector.
Noetic Fund's notable milestones include four IPOs and one acquisition within its portfolio, showcasing its active engagement in the mental health space. The firm operates with a global outlook, primarily focusing on North America.
Noetic Fund invests across a diversified range of sectors related to mental health, including biotech, healthcare, digital health, AI, fintech, consumer products, food-agtech, creator economy, edtech, and longevity. The firm targets various investment stages, from pre-seed to growth equity, allowing it to engage with startups at different points in their development.
The firm emphasizes treatments that address the root causes of mental health issues, focusing on early intervention and prevention. Their investment strategy is characterized by a commitment to evidence-backed solutions, ensuring that the technologies they support are grounded in scientific research. This approach allows Noetic Fund to identify and invest in innovative therapies and products that have the potential to make a significant impact on mental health and wellbeing.
Noetic Fund's portfolio includes 26 companies, with a strong emphasis on mental health technologies. Notable portfolio companies include:
Michael Franks: Co-Founder of Noetic Fund, Michael has a background in venture capital and has led investments in various mental health startups. His expertise lies in identifying innovative technologies that address mental health challenges.
Sa'ad Shah: Co-Founder, Sa'ad brings experience in healthcare and technology investments. He has a strong focus on evidence-backed solutions and has been instrumental in shaping the firm's investment strategy.
Naseem Saloojee: Co-Founder, Naseem has a background in entrepreneurship and has worked with several startups in the mental health space. His insights into market trends and startup dynamics contribute to Noetic Fund's strategic direction.
To pitch to Noetic Fund, founders should visit their website at noeticfund.com. The firm prefers detailed pitch decks that include information on the problem being addressed, the proposed solution, market analysis, and team qualifications. A clear articulation of the evidence supporting the technology is crucial.
Response times may vary, but founders can expect to hear back within a few weeks after submission. Warm introductions are beneficial but not mandatory. The firm is open to reviewing pitches from founders who align with their investment focus on mental health technologies.
In recent activity, Noetic Fund has maintained a portfolio of 26 companies, with notable exits including four IPOs: COMPASS Pathways, MindMed, and Cybin. The firm also completed one acquisition, showcasing its active engagement in the mental health sector.
Fund I, known as Noetic Psychedelic Fund LP, closed to new investors in December 2020. Subsequently, Fund II was launched in February 2021, expanding the firm's investment mandate beyond psychedelics to include a broader range of mental health technologies.
What are Noetic Fund's investment criteria?
Noetic Fund invests in early-stage technologies that address mental health and wellbeing, focusing on sectors such as biotech, digital health, and psychedelic therapies. The firm looks for evidence-backed solutions that target the root causes of mental health issues.
How can I apply or pitch to Noetic Fund?
Founders can pitch to Noetic Fund through their website at noeticfund.com. It is recommended to provide a detailed deck that outlines the problem being addressed, the solution, market potential, and team background.
What makes Noetic Fund different from other investors?
Noetic Fund specializes in mental health technologies and emphasizes evidence-backed solutions. Their focus on early intervention and prevention sets them apart from other venture capital firms that may not prioritize mental health.
What is Noetic Fund's geographic scope?
Noetic Fund has a global investment strategy, with a primary focus on North America. This allows them to tap into a diverse range of startups and innovations in the mental health space.
What is the fund size and check size range?
While specific fund sizes and check sizes are not publicly disclosed, Noetic Fund invests across various stages, from pre-seed to growth equity, indicating a flexible approach to funding.
What kind of post-investment involvement does Noetic Fund have?
Noetic Fund provides strategic support to its portfolio companies, leveraging its expertise in mental health technologies and access to a network of industry professionals. This support can include mentorship, operational guidance, and follow-on investment opportunities.
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