TRIPP Makes Psychedelic Waves With Big Funding Splash

Our latest portfolio company is a revolution in both VR and mental wellness, and we’re absolutely here for it.

We love partnering with innovators dedicated to improving people’s lives. Every time we invest, we do so with intention and care, and intention and care perfectly sum up the mission of TRIPP, who announced they’ve secured $11 million in Series-A funding from a host of prominent investors … including us. We could not be more thrilled for them, and for what this will mean to the industry as a whole.

But who is TRIPP? And why are we so excited about them? TRIPP develops transformative experiences that improve mental and emotional wellbeing. They’re a digital psychedelic company that uses an immersive VR platform to deliver relief, relaxation, focus, clarity, and curiosity to people seeking to journey within.

And there are many: they’ve already delivered two million TRIPP sessions via Oculus and PlayStation VR and they’re the fastest growing platform of its kind (although we believe there’s no other platform quite like it).

The demand is real, too. In 2019, 1 in 5 American adults experienced mental illness and fewer than half of those received treatment. That number has since soared, with 41.5 percent of adults flagging symptoms of anxiety and depression between August 2020 and February 2021. More than ever, people are seeking escape, relief, and a collective sense of harmony in a world that can feel increasingly dark, exhausting, and lonely. TRIPP provides that as they continue to create customized user experiences at scale.

“The pandemic accelerated at-home therapy, a trend that we were already seeing grow since we launched TRIPP in 2018,” says Nanea Reeves, CEO and Co-Founder of TRIPP. “As an accessible, non-invasive interactive solution to promote wellbeing, TRIPP allows users to manage their stress and mental fitness in the comfort of their own home … With this funding, we’ll be able to expand our reach to more platforms and ultimately to help more people.”

Each TRIPP experience is procedurally generated with research-based designs to create unique, 2D, and 3D worlds. The platform collects data with every session, and TRIPP is working to train the platform to learn over time how to further tailor experiences to the individual, so everyone can get exactly what they need or seek from their experience.

Creative and business talent from Disney, Qualcomm, EA, Nerd Ninjas, and Grammy-nominated music artists create beautiful CGI and binaural music that transport users to another world. These immersive experiences combined with mindfulness structures, teachings, and targeted sound frequencies aren’t just a break from the ordinary: they’re clinically tested to improve mental and emotional wellbeing, and keep users coming back.

After over three years of extensive R&D, TRIPP is currently in several clinical trials for substance use disorder, anxiety reduction, pain management, depression, and improving quality of life during cancer treatment. Companies are also integrating TRIPP into their employee well-being offerings, and we’re proud to say we’re developing several pilots to further test TRIPP in real-world, frontline settings so they can further accelerate their drive to market.

The platform is a revolution in digital wellness, mental health, psychedelic therapy, XR technology, and creativity. They have the potential to disrupt so many spaces and help so many in need. We’re thrilled to partner with them along their journey, and from all of us at Inflect Health, we congratulate them on their funding and success, and we can’t wait to see where they go (and take us all) next.

How far can $11M take you? Explore TRIPP’s transformative experiences at TRIPP.com and be sure to follow them on Twitter @TRIPPVR and LinkedIn.