HomeFinTechAppliedVR: Raises $29M in Series A Funding

AppliedVR: Raises $29M in Series A Funding

  • AppliedVR, a Los Angeles, CA-based digital medicine company, raised $29m in Series A funding
  • The round, which brought total funding raised to date to $35m, included investors such as F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai
  • The company intends to use the funds to accelerate growth as it pursues full FDA approval over the next year
  • Led by Matthew Stoudt, co-founder and CEO, AppliedVR provides virtual reality-based treatments aimed at comprehensively treating chronic pain
  • AppliedVR’s technology is already used by more than 200 of the top healthcare provider organizations in the world
  • The program has used to help more than 60,000 patients to manage their expectations of pain
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