Rey, an Austin TX-based mental health and wellness company, raised $10M in Series A funding.
The round was led by Optum Ventures with participation from Oxford Sciences Innovation.
The company intends to use the funds to expand its consumer reach.
Led by Deepak Gopalakrishna, Rey provides therapeutic interventions, like cognitive behavioral therapy, with clinically validated tools, like virtual reality, to care for a wide range of member needs in new and novel ways. Powered by OxfordVR, a spin-out of Oxford University and a leader in leveraging technology to deliver proven treatment tools in immersive environments, the company gives care teams with the tools they need to bring treatments directly to members’ homes. The company will also absorb OxfordVR and bring to market clinically validated virtual reality (VR) and digital treatments for Phobias, Psychosis, Post-Traumatic Stress Disorder, and Social Avoidance. OxfordVR, was founded in 2017 by Dr. Daniel Freeman, Professor of Clinical Psychology at Oxford University.
