psychedelic startups

psychedelic startups

Courtesy of PsyMed Ventures

Greg Kubin thinks that the hippies had it right all along.

“They adopted certain healthy eating practices, veganism. They created the music festival. They used psychedelics, cannabis. They brought a lot of Eastern traditions to the West,” he said.

Many of those ideas have disrupted traditional industries. Kubin is mining this idea to co-found PsyMed Ventures, a $25 million fund for psychedelic medicine and mental health technologies. On this episode of the LA Venture podcast, Kubin discusses the benefits of psychedelic therapy and investing in the space alongside his co-founder Matias Serebrinsky.

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Ketamine is on the come up in the pharmaceutical world. Once confined to nightclubs and operating rooms, the drug is quickly gaining recognition as a valuable tool for treating mental health disorders including depression and anxiety.

Amid these rising tides, Wondermed has emerged, offering telehealth consultations and, potentially, the ability to deliver the drug right to your doorstep—all while building out a virtual platform and collecting data on how to use the molecule more effectively.

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Image courtesy of Tripp

Tripp, the Los Angeles-based virtual reality company simulating psychedelic experiences to alleviate depression and anxiety, has acquired VR meditation community EvolVR, it announced Thursday.

Financial terms of the deal were not disclosed. The acquisition comes seven months after Tripp announced an $11 million funding round, as dot.LA reported at the time.

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