VR Therapy App Tripp Acquires Meditation Startup EvolVR
Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.
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.
EvolVR is a project from the Atlanta-based Center for Progressive Renewal, a unit of the United Church of Christ. Launched in 2018, the platform describes itself as one of the first and largest live VR meditation communities, with more than 40,000 participants. It deploys a social mediation tool called AltspaceVR that turns each of its users into avatars who then sit together to meditate. EvolVR says it has led more than 1,500 free public meditation events attended by people from three dozen countries.
The acquisition will give Tripp access to EvolVR’s large community of meditators. Tripp will power EvolVR’s 21 weekly live meditation sessions on its mobile app and VR platforms like Oculus and Playstation VR. EvolVR’s founder and CEO, Rev. Jeremy Nickel, will beecome Tripp’s vice president of community and live events.
EvolVR is yet another notch in Tripp’s growth. In August, the four-year-old startup acquired Utah-based psychedelic therapy app PsyAssist, while it announced an augmented reality partnership with “Pokémon Go” developer Niantic in November.- Psychedelic Therapies Are Gaining Steam as Attitudes Change - dot ... ›
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Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.
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