Baroda Ventures is a Los-Angeles-based venture capital firm that focuses on pre-seed and seed stage investments in the consumer internet, e-commerce, mobile, SaaS, and digital media industries. It prefers to invest in companies based in Los Angeles. It is also open to investments in later stage companies and companies in hardware, cleantech, and healthcare sectors. The firm prefers to invest $0.1 million and $5 million. Baroda Ventures was founded by David C. Bohnett in 1998 and is headquartered in Beverly Hills, California.

Baroda Ventures

LearnStart is a seed fund that focuses on the development of global education technology companies through seed funding.

LearnStart

Evolve Ventures is an early stage venture firm whose mission is to reduce inner suffering and to facilitate inner transformation at scale.

Evolve Ventures

Iter Investments is a venture capital firm that seeks to invest in companies operating in the mental health sector. It partners primarily with early-stage private companies operating across the psychedelic ecosystem. They assist entrepreneurs and management teams to build great companies that will transform the mental and behavioral health industry.

Iter Investments

Europe's first venture capital firm to focus solely on investments into psychedelic healthcare companies. Ten investments already executed with more in the pipeline.

Neo Kuma Ventures

JLS Fund is a venture capital firm that invests in the psychedelics and technology intersection.

JLS Fund

The future of mental wellness is being built today. Through its diversified investment fund, Palo Santo is positioned to increase the supply of clinically effective, affordable, and accessible mental health and addiction treatment solutions needed in today’s world. Supported by a rapidly growing body of evidence and strong FDA support, psychedelic-assisted treatments represent a paradigm shift in mental health care. Yet the emerging ecosystem of business opportunities is highly fragmented and, with a lack of institutional capital available, Palo Santo is targeting high growth opportunities within biotech & drug development, health care services, and digital health solutions led by passionate, experienced, and ethical management teams. These businesses are positioned to have a profound impact on treating conditions such as depression, PTSD, anxiety, OCD, drug and alcohol dependence, chronic pain, Alzheimer’s, and a range of inflammatory-related illnesses.

Palo Santo Fund

Fluence

Fluence offers continuing education and certificate programs in psychedelic integration and psychedelic-assisted therapy. Our programs are designed for licensed professionals and advanced graduate students who have an opportunity to work with patient populations. Although none of our courses have specific prerequisites, a basic working knowledge of the mental health field and practice of psychotherapy is helpful. Our programs are interactive; we engage in discussion, demonstration, self-reflection exercises, and role plays. Some of our classes and programs are reserved for licensed clinicians, but many are open to anyone who wishes to attend.

Fluence is a company that provides professional education and training in psychedelic integration and psychedelic-assisted therapy. Its offerings include three 150-hour Certificate Programs, various courses, events, and retreats led by clinicians and researchers in the field.

Promising research and receding stigma are giving investors cannabis-boom flashbacks.

Psychedelic Medicine

Fluence is a company that provides professional education and training in psychedelic integration and psychedelic-assisted therapy. Its offerings include three 150-hour Certificate Programs, various courses, events, and retreats led by clinicians and researchers in the field.In September 2023, Fluence announced the launch of its new Certificate in Psychedelic Therapy and Integration (PTI). The PTI certificate is a six-week online program, priced at USD 2,500, designed to provide clinicians with a foundational education in psychedelic-assisted therapy and integration.Key customers and partnershipsFluence has established several partnerships to offer certification for mental health practitioners in psychedelic therapy and integration including <a href="https://sp-edge.com/updates/28499">Reunion Neuroscience</a> (April 2024), <a href="https://sp-edge.com/updates/28294">Psyence</a> (April 2024), <a href="https://sp-edge.com/updates/22180">Cybin </a>(September 2023), and <a href="https://sp-edge.com/updates/3080">Tryp Therapeutics</a> (May 2021). As of 2022, it had trained nearly 1,000 practitioners, contributing to the growing field of psychedelic-assisted therapy​.In <a href="https://sp-edge.com/updates/29649">May 2024</a>, it partnered with Metamorph AI to develop a GenAI tool for psychedelic therapy training. Further in <a href="https://sp-edge.com/updates/30844">June 2024</a>, the company partnered with Enthea to expand reimbursement for services from Fluence-trained clinicians offering ketamine-assisted therapy.

<div>
 
 Canadian biotech firm Core One Labs maintains three primary business operations: 1) developing novel delivery systems for psychedelic medicines, 2) psilocybin manufacturing, and 3) medical clinics to provide psychedelic-assisted psychotherapy. The company has developed proprietary technology with infused strips that dissolve immediately when placed in the patient&rsquo;s mouth to deliver molecules with a higher level of bioavailability. The company plans to advance this technology to incorporate psychedelic molecules, particularly psilocybin.&nbsp;
 
 
 Core One Labs also claims it has discovered a patentable method of producing high-quality psilocybin, which it may license to pharmaceutical companies. Additionally, the company has two psychedelic clinics in Vancouver that currently support clinical trials and maintain a database of more than 275,000 patients. The company acquired Vocan Biotechnologies and Akome Biotech in May 2021 for undisclosed amounts. Akome is developing a patent-pending psychedelic drug formulation for the treatment of Alzheimer&rsquo;s Disease.&nbsp;
 
 
 Core One Labs is listed on the Canadian Securities Exchange (CSE) and OTC markets.
 
 
</div>

Core One Labs

<div>
 
 Vancouver-based Lobe Sciences (formerly GreenStar Biosciences) is a biotechnology company developing psychedelic medicines (microdose applications) and medical devices for efficient drug delivery. The company&rsquo;s main focus is the treatment of mild traumatic brain injury and post-traumatic stress disorder (PTSD). It is also conducting early studies on psilocybin combined with N-acetylcysteine (NAC), and MDMA combined with NAC as a treatment. Lobe is also developing a patent pending nasal mist transducer device for the delivery of medicines directly to the brain&rsquo;s olfactory bulb.&nbsp;
 
 
 In June 2020, Lobe acquired Eleusian Biosciences, a company focused on the development of psychedelic medicine which expanded its intellectual property portfolio with three US patent applications for psychedelic therapeutics. Lobe is also collaborating with the University of Miami&rsquo;s Miller School of Medicine to conduct preclinical studies. After its restructuring and name change, the company started trading on the Canadian Securities Exchange (CSE) in November 2020.
 
 
 
</div>

Lobe Sciences

<div>
 
 Cybin is a psychedelic biotechnology company developing treatments for psychiatric and neurological conditions. Through its Serenity Life Science division, Cybin conducted Phase II of clinical trials on using psilocybin to treat major depressive disorder. Additionally, the company's Nature's Journey division focuses on creating non-psychedelic medicinal and nutraceutical mental health products.
 
 
 Cybin is actively building a patent portfolio, including chemically-synthesized compounds, delivery mechanisms, protocols, and new drug formulations. It has also filed an International Patent Application through the Patent Cooperation Treaty, potentially covering 153 countries.&nbsp;
 
 
 In July 2023, the company announced 
 <a href="https://sp-edge.com/updates/20076">
 EMBARKCT, 
 </a>
 a streamlined version of its EMBARK training program for pivotal studies of lead candidates, CYB003 for major depressive disorder and CYB004 for generalized anxiety disorder, respectively. In 
 <a href="https://sp-edge.com/updates/27577">
 March 2024
 </a>
 , the company received a breakthrough designation from the FDA for CYB003, and expects to initiate Phase III clinical trials for the program by mid-2024.
 
 
 Cybin implements an M&amp;A strategy to grow in the psychedelic industry. It did a reverse takeover of Charmin in June 2020, raising CAD 45 million (USD 35.5 million) for clinical studies. It acquired Adelia Therapeutics in December 2020, adding novel treatments and patent applications. Also in 
 <a href="https://sp-edge.com/updates/21335">
 August 2023 
 </a>
 it acquired 
 <a href="https://sp-edge.com/companies/470858">
 Small Pharma 
 </a>
 in an all-share transaction to strengthen its psychedelic portfolio.&nbsp;
 
 
 Founded in 2019, Cybin is listed on the NEO exchange under the ticker symbol &ldquo;CYBN&rdquo; and was uplisted to the NYSE American Stock Exchange in July 2021 under the same symbol. For FY2023, the company reported a decrease in net loss by 29.7% YoY to CAD 47.5 million (USD 35 million).&nbsp;
 Further in 
 <a href="https://sp-edge.com/updates/33849">
 September 2024
 </a>
 , it completed a 38-to-1 share consolidation of its common stock which reduced the number of outstanding common shares to ~20 million. 
 
 
 Key customers and partnerships&nbsp;
 
 
 In July 2020, Cybin expanded its operations and research activities in the European region via research partnerships and transferred its intellectual property assets to its fully-owned Irish subsidiary (formed in May 2021). In July 2023, the company partnered with 
 <a href="https://sp-edge.com/updates/20455">
 Worldwide Clinical Trials
 </a>
 to develop new psychedelic-based treatment options for mental health conditions, including major depressive disorder. Further, in September 2023, the company partnered with 
 <a href="https://sp-edge.com/updates/22180">
 Fluence
 </a>
 to support Cybin's EMBARK facilitator training program.
 
</div>

Cybin

<div>
 
 Canadian cannabinoid-based therapeutics company BioNxt Solutions
 (formerly Xphyto Therapeutics) announced in November 2020 that it has expanded its drug development program to incorporate a number of psychedelic compounds. This includes substances such as psilocybin, mescaline, LSD, MDMA, and DMT. Xphyto&rsquo;s initial focus is on developing standardized drug formulations with efficient delivery mechanisms for therapeutic use.
 
</div>

BioNxt Solutions

<div>
 
 New York-based Gilgamesh Pharmaceuticals is a biotechnology company developing psychedelic-inspired medicines for neuropsychiatric conditions such as depression, anxiety, addiction, and cognitive deficits. The company has three research programs in its pipeline: 1) Serotonergic Micro-Dose&ndash;a non psychedelic therapeutic treatment for attention deficit hyperactivity disorder (ADHD) and mood/anxiety disorders, 2) Arylcyclohexylamine&ndash;an improved molecule of ketamine for treatment-resistant depression and opiate use disorder, and 3) Novel Ibogaine Analogue&ndash;for the treatment of substance use disorders.&nbsp;
 
 
 Gilgamesh is one of the few psychedelic companies launched by the startup accelerator Y Combinator, and as such enjoys the accelerator&rsquo;s world-famous business expertise and network.
 
 
 Key customers and partnerships
 
 
 In 
 <a href="https://sp-edge.com/updates/29382">
 May 2024
 </a>
 , the company partnered with AbbVie to leverage AbbVie's psychiatric expertise and Gilgamesh's research platform to create novel &quot;neuroplastogens.&quot; 
 
 
 Funding and Financials
 
 
 In 
 <a href="https://sp-edge.com/updates/27575">
 March 2024
 </a>
 , the company received a grant of&nbsp; USD 14 million from the National Institute on Drug Abuse to develop the GM-3009 compound. Prior to this, it raised USD 39 million in a 
 <a href="https://sp-edge.com/updates/15359">
 Series B 
 </a>
 funding round led by Prime Movers Lab in December 2022. 
 
</div>

Gilgamesh Pharmaceuticals

Companies conducting research on psychedelic compounds and developing novel therapeutics.

Companies operating digital platforms to deliver psychedelic therapies including psychedelic integration, virtual experiences, and mental coaching and tracking. AI drug discovery companies specializing in psychedelic therapeutics are also included.

Companies operating clinics and treatment centers to deliver psychedelic therapies.

Companies supplying psychedelic compounds through cultivation, chemical synthesis and biosynthesis for medical research and drug development.

Companies building a patent portfolio of novel analogs and derivatives of first-generation psychedelics and new drug delivery mechanisms. 

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 Fluence, a provider of psychedelic therapy training, has formed a partnership with Enthea, a health insurance administrator. This collaboration aims to increase the reimbursement for services of clinicians trained by Fluence in ketamine-assisted therapy.
 As part of this partnership, any clinicians who meet Enthea's standards will be eligible for a 20% discount on two of Fluence's programs: Psychedelic Therapy Integration and Ketamine-Assisted Psychotherapy Certificate. This discount will rise to 30% if the clinician refers over 100 participants annually. The overall objective of this partnership is toamp up the availability of psychedelic-assisted therapy and enlarge the number of therapists trained in this field.
 
</div> Analyst QuickTake: 
 In recent years, Fluence has been leveraging partnerships to expand its psychedelic-assisted therapy and practitioner training services. In <a href="https: 
//sp-edge.com/updates/29649"> May 2024 </a> , Fluence partnered with Metamorph AI to develop a GenAI tool for psychedelic therapy training. Additionally, it partnered with several psychedelic research and development companies to offer training for psychedelic therapy, including <a href="https: 
//sp-edge.com/updates/28499"> Reunion Neuroscience </a> (April 2024), <a href="https: 
//sp-edge.com/updates/28294"> Psyence </a> (April 2024), and <a href="https: 
//sp-edge.com/updates/22180"> Cybin </a> (September 2023).

Fluence

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