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Oxford VR

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Transforming mental health for millions with state-of-the-art immersive technology

Austin, United StatesFounded 2017Health Tech & Medtech
Valuation $50–100M Last recorded · 2020
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Oxford VR and the history behind them.

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 data

At 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

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Dec 2022 $0 — BehaVR ↗
SERIES A✓Equity / VC Feb 2020 $13M $50M GT Healthcare · Optum Ventures · Oxford University Innovation · Luminous Ventures ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Oxford VR website traffic

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.

Latest monthly visits840 3-month web change+663.6% 1-year team growth-71.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

11 investors on the cap table

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
  • Mission Daybreak
  • OUI Startup Incubator
Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇬🇧 United Kingdom100%
1 country shown

Market sentiment

Posts on X, past 7 days

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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