TRIPP, a Psychedelic VR Meditation Startup, Raises $11M

TRIPP is an innovative wellness platform delivering wellness solutions to Fortune 1000 companies, hospitals/clinics, and consumer households through the use of interactive immersive virtual reality (VR) and mobile experiences.

“The TRIPP experience leverages a large body of existing research on the use of technology in the mental wellness arena and utilizes proven mindfulness structures, targeted sound frequencies, visuals and interactions that have a multiplicative effect when administered through the immersion of VR.” TRIPP is part of an increasing number of startups that are focused on well-being and mindfulness. In a recent interview with TechCrunch, the startup disclosed that they have secured $11 million in funding led by Vine Ventures and Mayfield with participation from Integrated, among others. Since it’s launch, Tripp has raised some $15 million in funding. Despite the growing attention on mental health, VR startups have had trouble earning investor attention as major tech platforms have abandoned their virtual reality efforts as they struggled to monetize them. VR companies focused on gaming and computer vision have seen better financial success.