Tripp has successfully raised $11.2 million from top-tier investors to further develop a Metaverse centered on mindfulness.

This week, the startup focused on guided meditation and VR technology unveiled their funding achievements. TRIPP They announced a successful influx of $11.2 million in their latest round, with participation from notable blue chip investors such as... Qualcomm , Amazon Alexa Fund, HTC , and Niantic. Road to VR As reported, the Los Angeles-based startup's latest Series A round, led by the venture capital firm Bitkraft Ventures, elevates TRIPP’s total funding to an impressive $26.3 million thus far, representing an exciting milestone. $11 million funding round announced in June 2021.”

In tandem with this financial development In addition, TRIPP has acquired Eden, a versatile world-building platform created by BeardedEye, the same team behind... Galactic Gallery (2017) This acquisition marks TRIPP’s third since its co-founding by CEO Nanea Reeves back in 2017 and the second transaction within 2022 alone.

As noted by VentureBeat, this news arrives following the upgrade of TRIPP’s mobile app and their partnership with Luminance to produce innovative wellness experiences as non-fungible tokens (NFTs). This includes the acquisition of EvolVR, known as the largest live VR meditation community, in January.

According to VentureBeat With this latest round of funding, TRIPP plans to scale its team of 29 and integrate Eden’s technology into its current VR platform. This effort aims to enrich user-to-user engagement and introduce new features to their existing library of over 50 meditation programs. VentureBeat also mentioned that TRIPP is actively working on enterprise and clinical offerings expected to launch commercially in about a year.

Many are familiar with the profound benefits that meditation can impart on mental and physical well-being. However, achieving stillness when the mind is racing can often be the greatest challenge. Interestingly, the times when meditation feels particularly daunting are often when it's most crucial. TRIPP’s platform provides alternative pathways through VR and soundscapes for individuals who need a gentle nudge to look inward. Users have the option to subscribe for just $5 per month or purchase lifetime access for a one-time fee of $35. immersive art 'Tripp’s ground-breaking platform exemplifies the unique charm of virtual reality in fostering mindfulness globally and signifies a vital move towards normalizing discussions around it,' remarked Pearly Chen, a VP at TRIPP's investor, HTC. Given current global headlines, it's clear just how urgent TRIPP’s mission is.

Moritz Baier-Lentz, a partner at BITKRAFT Ventures, emphasized, 'With over a billion people globally grappling with issues like depression, anxiety, and stress, we are optimistic that innovations such as TRIPP can contribute to a solution. Alongside a stellar product that currently leads its market, the synergy that Nanea and the TRIPP team have built is quite remarkable. It’s uncommon to find such a blend of genuine founder-market alignment, operational proficiency, and a thrilling vision with numerous opportunities for growth ahead.' technology’s role in mental health Nanea Reeves shared her gratitude for the increasing acknowledgment among investors regarding the necessity for innovative wellness tools that extend beyond conventional meditation apps. 'With our acquisition of..., we are making strides toward truly constructing a mindful Metaverse and creating a safe environment for transformative experiences in digital realities while inspiring creators to join us in this venture.'

A discerning observer might question whether TRIPP can construct a mindfulness-centric Metaverse while also accepting funds from a giant like Amazon, especially considering their actions that could compromise the mental and physical well-being of their workforce. Is it feasible for a mindfulness Metaverse to arise from HTC’s self-interested investment stance? TRIPP operates using their VIVE Flow headset, as well as platforms like Meta Quest 2, PSVR, and mobile and web channels.

Furthermore, how can individuals hold themselves accountable for their mental health when larger entities perpetuate a system that potentially undermines it? The essence of connection stands in stark opposition to mental ailments such as addiction. TRIPP’s upcoming community features may very well provide much-needed support in this instance. Eden Currently, a divide exists within the spiritual community regarding the relationship with money and power. While seasoned individuals often advocate for detachment from such temptations, others argue for the importance of reclaiming and redirecting resources. If you had to place a bet, would you wager $11.2 million on which side of this discourse TRIPP aligns with?

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Most importantly, like climate change Weekly report #5 on Metaverse fundraising activities. uk Please be advised that the content presented on this page is not intended to serve as legal, tax, investment, financial, or any other form of counsel. It’s crucial to invest only what you can afford to lose and to seek independent financial advice if you harbor any uncertainties. For more detailed information, we encourage referencing the terms and conditions plus help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased reporting, though market trends can shift without prior notice.

Vittoria Benzine, an art writer based in Brooklyn, specializes in personal essays that engage with contemporary art, focusing on human contexts, counterculture, and chaos magic. Her contributions can be found in publications such as Maxim, Hyperallergic, Brooklyn Magazine, and more.

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