# AppliedVR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appliedvr

- Industry: Healthcare IT
- Headquarters: Los Angeles, US
- Website: www.appliedvr.io
- Total disclosed funding: $71M
- Latest round: Series B (Sep 22, 2021)
- Investors on record: 9

## About

AppliedVR, Inc. develops immersive therapeutic solutions that leverage virtual reality technology to assist patients in managing chronic lower back pain, enhancing their rehabilitation process through innovative treatment methods.AppliedVR, Inc. was founded in 2015 in Los Angeles, US. The company focuses on virtual reality-based treatment solutions for chronic pain management. The founders, David Sackman and Josh Sackman, have a history in technology and health-related ventures. The company has raised a total of USD 36.00 mn in funding, with the latest round being Series B funding led by JAZZ Venture Partners on September 22, 2021. The total company valuation stands at USD 115.52 mn.AppliedVR specializes in immersive therapeutic solutions aimed at addressing chronic lower back pain, a common health issue affecting over 72 million adults in the U.S. Their flagship product, RelieVRx, utilizes virtual reality technology to help patients reprocess pain experiences and develop coping mechanisms in a comfortable home environment. The program teaches users new, positive habits while minimizing reliance on more traditional, riskier treatments such as surgery or opioids. The products are primarily targeted at healthcare providers, including pain management clinics and rehabilitation centers, who utilize these tools to enhance patient outcomes.AppliedVR generates revenue through direct-to-consumer sales and partnerships with healthcare providers. Their business model includes subscription plans for ongoing access to the RelieVRx program, allowing flexibility for users and clinics. Health institutions can purchase licenses or tailored packages to integrate these therapeutic offerings into treatment protocols, with a pricing structure focused on providing value through immersive experiences that support pain management and enhance well-being. The company's revenue streams benefit from its trademarked products, including RelieVRx, which are integral to its financial performance.In September 2021, AppliedVR, Inc. raised USD 36.00 mn in Series B funding, led by JAZZ Venture Partners, which will be utilized to expand the body of evidence, infrastructure, and distribution platform, making next-generation therapeutic solutions more accessible to patients and healthcare providers. The company is actively exploring international markets for expansion, with a focus on enhancing its product offerings and establishing partnerships in key global regions.

## Funding rounds

- Series B, Sep 22, 2021, $36M — SVB Capital, F-Prime Capital, Sway Capital, JAZZ Venture Partners
- Series A, Mar 23, 2021, $29M — GSR Ventures, F-Prime Capital, Sway Capital, JAZZ Venture Partners, Magnetic, Cedars-Sinai Health Ventures
- Seed, May 28, 2016, $6M — Techstars, Sway Capital, Presence Capital, Cedars-Sinai Health Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Sway Capital (https://capitalatlas.ai/funds/sway-capital) — Seed, Series A, Series B
- Presence Capital (https://capitalatlas.ai/funds/presence-capital) — Seed
- Cedars-Sinai Health Ventures — Seed, Series A
- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A, Series B
- JAZZ Venture Partners (https://capitalatlas.ai/funds/jazz-venture-partners) — Series A, Series B
- Magnetic (https://capitalatlas.ai/funds/magnetic) — Series A
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series B