VR Mental Health Platform Psious Secures €8M Funding to Expand Its Therapeutic Suite for Anxiety, Depression, and Attention Disorders

Recently, VCBeat (WeChat Official Account: vcbeat) learned that Psious, a behavioral health technology company based in Barcelona, Spain, has announced the completion of an €8 million financing round. The round was led by Sabadell Asabys Partners, Caixa CapitalMicro II and Caixa Capital Tic II, both managed by Caixa Capital Risc, with participation from Banc Sabadell and Carlos Gallardo. Previously, Psious had completed two rounds of financing.

Psious, founded in 2013, is an emerging behavioral health technology company. Its flagship product, PsiousToolsuite, is a virtual reality platform dedicated to mental health treatment, enabling users to quickly access Psious’s online platform via their smartphones and VR headsets. The platform expands the application scenarios of VR therapy to include the treatment of anxiety disorders (such as phobias, panic disorder, and post-traumatic stress disorder), stress management, depression, and attention-related issues (including ADHD, autism, and other psychiatric disorders). Psious plans to use this funding to continue developing and enhancing its online platform.

Psious’s online platform provides mental health professionals with clinically ready animated and real-time environments. The platform offers more than 50 virtual reality video resources that can be used to treat anxiety disorders and phobias, as well as to practice mindfulness and relaxation techniques. A key feature of the platform is that therapists can view in real time what patients see in VR and access real-time monitoring data. Additionally, therapists can adjust the simulated environments viewed by patients through the platform’s “Variable Settings” and “Control Panel” to meet each patient’s therapeutic needs. After each session, the platform automatically generates a report and saves detailed information from the treatment process in the patient’s file.

Xavier Palomer, CEO of Psious, stated, “This round of funding is a testament to the work Psious has carried out since its inception.” He added, “During this period, the company has been dedicated to implementing innovative virtual reality-based technological solutions for the treatment of mental health disorders.”

Sabadell Asabys Partners is a venture capital firm headquartered in Barcelona, Spain. The company focuses on investing in innovative early-stage projects in the fields of biotechnology, medical technology, and healthcare. Sabadell Asabys Partners prefers to invest in Spanish companies, but also invests in companies in the European Union, Israel, and the United Kingdom.

Caixa Capital Risc, established in January 2004 and headquartered in Barcelona, Spain, is a venture capital firm specializing in innovative early-stage companies. The firm manages four investment funds: Caixa Capital Micro, Caixa Capital BioMed, Caixa Innvierte Industria, and Caixa Capital TIC, with total assets under management amounting to €73 million.

Banc Sabadell (Sabadell Bank) is a large private banking group headquartered in Alicante, Spain. Founded on December 31, 1881, by 127 Barcelona businessmen, the bank was initially established to support local industry. Through mergers and acquisitions, it has gradually expanded and is now the fifth-largest banking group in Spain, with numerous banks and subsidiaries under its umbrella.

Carlos Gallardo is the Founder and Managing Partner of CG Health Ventures. He holds a Master’s degree in Industrial Engineering from the Polytechnic University of Catalonia and an MBA from Stanford University, with over 12 years of experience in the pharmaceutical industry. He has conducted international business operations in multiple countries, including the United States, Spain, and the United Kingdom. CG Health Ventures provides investment and support to innovative startups in the fields of medical technology and digital health.

(Compiled by Wang Yi)