What is AppliedVR?
AppliedVR is at the forefront of digital therapeutics, leveraging virtual reality (VR) technology to create innovative treatments for chronic pain and other complex health issues. The company's approach integrates immersive VR experiences with clinical expertise to offer non-pharmacological solutions, aiming to improve patient outcomes and reduce healthcare costs. Their work positions them as a key player in the rapidly evolving digital health and medtech sectors, addressing a critical need for effective, scalable pain management therapies.
How much funding has AppliedVR raised?
AppliedVR has raised a total of $71.3M across 4 funding rounds:
Angel/Seed
$6M
Debt
$350K
Series A
$29M
Series B
$36M
Angel/Seed (2016): $6M with participation from Techstars
Debt (2020): $350K led by PPP
Series A (2021): $29M supported by F-Prime Capital, JAZZ Venture Partners, Magnetic Ventures, Cedars-Sinai, GSR Ventures, and Sway Ventures
Series B (2021): $36M featuring SVB Ventures, F-Prime Capital, JAZZ Venture Partners, and Sway Ventures
Key Investors in AppliedVR
JAZZ Venture Partners
JAZZ Venture Partners is a venture capital firm that invests in technologies aimed at enhancing human performance across various sectors, including healthcare, wellness, and consumer markets. The firm collaborates with early and growth-stage companies to drive innovation at the intersection of technology, science, and humanity.
F-Prime Capital
Founded in 2002, F-Prime Capital provides a team of investors, engineers, doctors, and scientists dedicated to investing in health care and technology for other companies. F-Prime Capital is located in Massachusetts.
Sway Ventures
Sway Ventures is a venture capital firm that invests in transformative innovations, supporting industry-disrupting founders from inception to exit. The firm focuses on four foundational industries: Finance, Real Estate, Retail, and Supply Chain.
What's next for AppliedVR?
The recent major strategic investment signifies a pivotal moment for AppliedVR, likely enabling the company to accelerate its product development, expand its clinical research initiatives, and scale its commercial operations. This infusion of capital is expected to bolster its market penetration and further solidify its leadership in the VR therapeutics space. The company's focus on chronic pain management, a significant global health challenge, positions it for substantial growth and impact as digital health solutions gain wider acceptance and adoption within the healthcare ecosystem.
See full AppliedVR company page
