Novobeing secures funding from Impression Belongings

February 6, 2024 – Novobeing, a digital well being firm working to revolutionize stress administration and self-care by digital actuality (VR), has not too long ago introduced an funding from Impact Assets, an affect investor.

In accordance with Novobeing, the partnership marks a pivotal second within the firm’s mission to revolutionize stress administration and improve well-being by the mixing of immersive know-how into psychological well being and well-being practices.

Novobeing’s stress administration resolution blends VR know-how with scientifically validated strategies, and presents personalised, immersive experiences that cater to particular person wants. The corporate’s platform is designed to extend engagement and efficacy of confirmed stress discount and well-being therapies like meditation, breathwork and cognitive behavioral remedy.

By prioritizing personalization and enabling customers to tailor their expertise to swimsuit particular person situations, emotional states, and stress ranges, Novobeing gives an adaptable resolution for each healthcare and private use, in accordance with the corporate.

Novobeing acknowledged that its VR platform is designed to satisfy the rigorous calls for of healthcare environments, and that its options are at present deployed in six hospitals and are the topic of three scientific trials. An early entry software is accessible for particular person customers on the Meta Quest and an enterprise stress discount package is accessible for healthcare suppliers, in accordance with the corporate.

The funding from Impression Belongings, which has over $3 billion in property underneath administration, was guided by rigorous due diligence spearheaded by the Harvard Enterprise Faculty Funding for Impression program.

Novobeing acknowledged that the strategic funding will speed up its product growth and innovation, enabling the corporate to increase its attain and affect. The collaboration additionally aligns with Impression Belongings’ aim to assist initiatives that contribute to a greater world, in accordance with Novobeing.

“We’re thrilled to have Impression Belongings as a accomplice in our journey,” stated Sid Desai, CEO of Novobeing. “Their perception in our imaginative and prescient and dedication to social change resonates deeply with our core values. This funding is not only a monetary increase however a validation of our efforts to rework stress administration and well-being.”

The corporate didn’t disclose the full funding quantity. For extra info on Novobeing and its digital actuality stress administration platform, please go to the corporate’s website.

Picture credit score: Novobeing