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    Lumosity

    Brain training program (launched )

    Lumosity is an online program consisting of games claiming to improve memory, attention, flexibility, speed of processing, and problem solving.[2]

    History

    Lumos Labs was founded in by Kunal Sarkar, Michael Scanlon, and David Drescher.[3] launched in and, as of January , has 70 million members.[4][5]

    Financials

    The company raised $, in capital from angel investors in ,[6] a Series A of $3 million from Harrison Metal Capital, FirstMark Capital and Norwest Venture Partners in ,[7] a Series C of $ million led by Menlo Ventures,[8] and a Series D of $ million led by Discovery Communications with participation from existing investors.[9]

    Effectiveness and legal history

    On January 5, , Lumos Labs agreed to a $50 million settlement (reduced to $2 million subject to financial verification) to the Federal Trade Commission over claims of false advertisin