Who invested in MindTrace

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Advanced Manufacturing

Funding summaryUpdated 26 Oct 2026

$3.3Mraised across 2 rounds since 2021, from 2 sources

$3.0MSeed$256KGrant

Latest round: Grant, $256KAug 2022
Biggest round: $3.0MSeed · Feb 2021
Investors: 4

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20212022

$3.0MSeed$256KGrant

First round: Seed, $3.0M
Biggest round: $3.0M
Between rounds: 18 months

The rounds

Aug 2022
Grant$256K3 new
Source recorded
Feb 2021
Seed$3.0M1 new
- Northern Powerhouse Investment Fund
Source recorded

Founders and team

From MindTrace's own website: 3 founders, 2 on the team.

Max SimsChief Executive Officer and Co-Founder

Brad MahonChief Science Officer and Co-Founder

Hugo AnguloChief Technical Officer and Co-Founder

Frank FischerChairman of the Board
Gabby TumoloClinical Workflow Analyst

AdvisersAndrew ThompsonGeorge SavageJeanne Iasella

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Seed2021Grant2022

National Science Foundation

Creative Destruction Lab

Innovation WorksNorthern Powerhouse Investment Fund

Everyone who backed them

National Science FoundationGovernment1round

Creative Destruction LabAccelerator1round

Innovation WorksGovernment1round

Northern Powerhouse Investment FundVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists MindTrace as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.