'Our technology is scalable and currently being applied to address seven to eight different diseases where patients suffer from movement and cognitive disabilities,' Tadi, who is also MindMaze's chief executive, told Reuters.

The company also targets other diseases banking on its patents and clinical data, which makes it an attractive partner for pharmaceutical and medical device firms. MindMaze posted revenues of less than $50 million last year and still makes a loss, but has strong prospects with mental health issues increasing steadily in aging societies. Backers also include Swiss funds FIT and Venture Kick. In 2016, it attracted $100 million from investors including the Hinduja Group. The VR-based neuro restoration technology firm was founded by neuroscientist Tej Tadi in Lausanne in 2012. MindMaze offers therapeutic virtual reality (VR) games to help stroke patients in rehabilitation to train body movements, automatically measuring motions and giving advice on how to improve the recovery of motor skills and cognitive functions. SPACs raise money via a stock market listing and then seek to merge within two years with a privately held company that becomes publicly traded as a result.

Mindmaze encarta game online