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BehaVR, LLC

Mental Health Tech
Digital Wellness
Extended Reality
Product stageSegments
Seed
?
Digital Therapeutics
?

Kentucky-based BehaVR is a virtual reality (VR)-based mental health startup, founded in 2016, that provides digital therapy to clients through virtual reality, cloud computing and machine learning. It allows VR sessions to be personalized and engaging through patient experience logs and responses being captured and analyzed. 

It also provides cognitive and mindfulness activities and gamified experiences to treat mental health conditions. It follows its SAFE—Stress, Anxiety, Fear, Extinction—protocol which deals with stress reduction, anxiety regulation, maternal health, pain management, and addiction recovery.

In September 2020, BehaVR partnered with Limbix, another mental health tech company that primarily targets adolescents, to extend the VR offerings as well as the richness of content available to patients.

In December 2022, BehaVR and OxfordVR merged and raised USD 13 million in a Series B funding round. The merged entities operate under BehaVR’s brand with BehaVR's founder CEO Aaron Gani leading the company, with Dr. Daniel Freeman, OxfordVR's founder, being a part of the leadership team. The merged entities raised USD 13 million in a Series B funding round co-led by Oxford Science Enterprises and Optum Ventures, along with participation from other venture capital firms. The funds raised will be used to support the merger of the two entities.

The company partnered with Japanese pharmaceutical company Sumitomo Dainippon Pharma in October 2021, to develop and commercialize three novel prescription digital therapeutics and general wellness products, for which both parties are pursuing a Software as a Medical Device (SaMD) classification and US Food and Drug Administration (FDA) approval. 

Mental Health Tech

Mental Health Tech

Key stats
Featured companies
198
Total funding (USD)
11.9 Bn
Total addressable market (USD)
94.3 Bn
Key competitors
 
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Product Overview
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Company profile
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EDGE Insights

XR and MEP (Q4 2023): XR GenAI adoption accelerates alongside funding rebound

Recent Updates

M&A
Nov 16, 2023
BehaVR merges with Fern Health to form RealizedCare for chronic pain management
Extended Reality
M&A
Nov 16, 2023
BehaVR merges with Fern Health to form RealizedCare for chronic pain management
Digital Wellness
M&A
Nov 16, 2023
BehaVR merges with Fern Health to form RealizedCare for chronic pain management
Mental Health Tech
M&A
Funding
Dec 14, 2022
BehaVR and OxfordVR merge and raise USD 13 million
Extended Reality
M&A
Funding
Dec 14, 2022
BehaVR and OxfordVR merge and raise USD 13 million
Mental Health Tech
Partnerships
Oct 21, 2021
BehaVR and Sumitomo Dainippon partner to develop digital therapeutics
Digital Wellness

Company Brief


HQ location:
1690 Ring Rd Suite #120 Elizabethtown KY USA
Founded year:
2016
Employees:
11-50
Total Funding:
USD 21.2 million
Last Funding
USD 13.0 million, Dec 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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