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Mindstate Design Labs

Designs, develops, and licenses psychedelic therapeutics

Overview

Mindstate Design Labs creates targeted mental health therapies by designing altered states of consciousness through its Osmanthus platform, which predicts how primer psychedelic compounds and non-psychedelic probe compounds interact to produce specific therapeutic states. The platform blends natural history data, natural language processing, and biochemical data to build a predictive model that guides the design and pairing of these compounds. Unlike others who mainly develop psychedelics, Mindstate Design focuses on a translational framework that distinguishes between different altered states and tailors them for therapy. The company aims to license its primer and probe compounds to healthcare and pharmaceutical clients to advance psychedelic medicine.

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About Mindstate Design Labs

Simplify's Rating
Why Mindstate Design Labs is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & AnalyticsBiotechnologyHealthcare

Company Size

11-50

Company Stage

Seed

Total Funding

$11.6M

Headquarters

South San Francisco, CA

Founded

2021

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Simplify's take

What believers are saying

  • September 2025 Phase 1 data showed MSD-001 was safe, well tolerated, and non-hallucinogenic.
  • Mindstate raised $24.33 million by November 2026, funding ongoing clinical expansion.
  • The October 2026 DEA hearing challenge may preserve research freedom for 5-MeO-MiPT programs.

What critics are saying

  • DEA Schedule I action on 5-MeO-MiPT would cripple MSD-001 development in 2027.
  • One lead asset and narrow funding leave Mindstate vulnerable if the next trial disappoints.
  • Regulatory backlash against psychedelic compounds can freeze partnerships, financing, and clinician adoption.

What makes Mindstate Design Labs unique

  • Mindstate turned 5-MeO-MiPT into MSD-001 with human data, not just theory.
  • Their Osmanthus platform targets specific altered states, not generic psychedelic intoxication.
  • A deep scientific team, including Carhart-Harris and Newberg, strengthens translational credibility.

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Funding

Total Funding

$11.6M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$11.5M

Benefits

  • Health Insurance
  • Remote Work Options

Company News

U.S. Securities and Exchange Commission
Nov 5th, 2026
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

Crunchbase
Jul 25th, 2025
Why Today's Best CFOs Think Like Founders

Do Mindstate Design Labs, Inc hire 10 more sales reps?

Immeasurable
Oct 10th, 2023
Immeasurable - Companies

We've built, acquired, and invested in companies for over twenty years.

Technical.ly
Feb 11th, 2022
Mindstate Design Labs raised an $11.5M seed round for psychedelic-inspired therapeutics

Planning to launch clinical trials for its first product by mid-2023, the Y Combinator alum could have big implications for life sciences in Pittsburgh.

Business Insider
Feb 10th, 2022
Mindstate Design Labs received financing of $11.5M in seed round on Feb 10th 22'.

Mindstate Design Labs, a preclinical biotech company focused on developing "the next generation of psychedelic-inspired therapeutics," announced today that it had raised an $11.5 million seed round to grow its team, develop its platform, and advance its lead MDMA-based compound through clinical trials.

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