O
Oxford VR
Transforming mental health for millions with state-of-the-art immersive technology
About Oxford VR
Oxford VR, established in 2016 as a spin-out from the University of Oxford, specializes in developing virtual reality (VR) therapies for serious mental illnesses. The company was co-founded by Professor Daniel Freeman, a clinical psychologist at Oxford's Department of Psychiatry, and Deepak Gopalakrishna. Freeman's journey into VR for mental health stems from over two decades of research into the field, driven by a desire to overcome the shortage of skilled therapists by creating automated, yet effective, psychological treatments.
The core of Oxford VR's business is the creation of automated, evidence-based digital treatments using cognitive behavioral therapy (CBT) principles within immersive VR environments. These programs are designed to be guided by a virtual coach, allowing them to be administered by a range of healthcare staff and increasing patient access to care. The company's business model targets healthcare providers, such as the UK's National Health Service (NHS) and other mental healthcare organizations, offering a cost-effective and scalable solution to traditional therapy. Clients include entities like the NHS, AXA, and Universal Health Services.
One of the company's notable products is an automated VR treatment for the fear of heights, which demonstrated significant clinical benefits in trials published in The Lancet Psychiatry. Another key product, gameChange, is a VR therapy designed for patients with psychosis, which helps them overcome anxious social avoidance. This product received Breakthrough Device designation from the U.S. Food and Drug Administration (FDA). The therapies place users in simulations of environments that trigger their symptoms, such as a crowded train or a high-rise building, where they receive live coaching to process their conditions in a safe space. In late 2022, Oxford VR merged with the U.S.-based company BehaVR to expand its reach and capabilities, particularly in the United States, operating under the BehaVR brand.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2017
- Headquarters
- Austin, United States
- Employees
- 2
- Open positions
- None listed
- Dealroom signal
- 59.0/100
- Industry
- Health, Wellness Beauty
- Sub-industry
- Medical Devices
- Sector
- Health Tech & Medtech, Psychology, Mental Health, Immersive Technologies, Spinout, Digital Care, DT and LS, uk is8 life sciences
- Technology
- Deep Tech, Virtual Reality
- Business model
- Manufacturing
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Dec 2022 | $0 | — | BehaVR | ↗ |
| SERIES A✓Equity / VC | Feb 2020 | $13M | $50M | GT Healthcare · Optum Ventures · Oxford University Innovation · Luminous Ventures | ↗ |
Growth signals
Latest recorded traffic for Oxford VR is 840 monthly website visits, up 663.6% over the last three months. Oxford VR's team declined 71.4% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Force Over Mass Capital
Oxford Science Enterprises
Series A5 investors entered at this stage
GT Healthcare
RT Ventures
Optum Ventures
Oxford University Innovation
Luminous Ventures
Other known investors4 additional known investors
BehaVR
University of Oxford- MDMission Daybreak
OUI Startup Incubator
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Oxford VR on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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