VR for mental health firm raises £12.5m

Image from VR for mental health firm raises £12.5m News Article

12th February 2020

Oxford VR, an OUI-supported venture which is utilising virtual reality to treat common mental health conditions such as anxiety and phobias, has raised £12.5m in its latest round.

Spun out from the University’s Department of Psychiatry and based on the work of Professor Daniel Freeman, Oxford VR places users in a virtual environment which allows them to explore their anxieties and fears in a safe, controlled virtual world.

The funding round was led by Optum Ventures with participation from Luminous Ventures. The investment will allow the Oxford VR team to continue developing their VR therapy platform.

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