Karuna Labs Raises $3M in Seed Funding

Karuna Labs, a San Francisco, CA-based creator of personalized chronic pain management programs using VR, raised $3M in seed funding.

The round was led by Baseline Ventures, with participation from Anorak Ventures, the AET Fund, the Hustle Fund, Correlation Ventures, and Dreamit Ventures.

The company intends to use the funds for clinical validation studies as well as further development of its technology and medical/gaming team.

Led by Lincoln Nguyen, CEO, Karuna Labs creates personalized chronic pain management programs using Virtual Reality (VR) technology that retrains the brain to perceive movement as non-threatening. Designed to restore function, Karuna Pro is used in clinics around the country, while Karuna Home is offered direct-to-patients for home use through workers’ compensation insurance.

The company recently added industry experts from the medical and gaming industries to its team, including Dr. James Petros, Chief Medical Officer, and Andy Riedel, Chief Technology Officer.

Dr. Petros specializes in interventional pain management and musculoskeletal care and is triple board-certified in Physical Medicine & Rehabilitation (Physiatry), Pain Medicine, and Regenerative Medicine, and brings his expertise in comprehensive pain and injury management to Karuna Labs.  He is also the founder and CEO of Allied Pain & Spine Institute.

Riedel is a 30-year gaming industry veteran and has spent his career creating immersive experiences, games, and communities, as well as scalable server infrastructure for both mobile and web at companies including PlayStudios, Kabam, and Zynga.

Source. FinSMEs, September 10, 2019

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