On August 3rd, Revery announced it raised $2 million in a pre-seed round of financing. These funds will be used to help launch a mobile app in the United States later this year.
This investment round was led by Sequoia Capital India’s Surge program. Other participants included GGV Capital, Pascal Capital, zVentures, and angel investors Albert Lee, Juha Paananen, Kunal Shah, Sai Srinivas, Carolin Krenzer, and Josh Lee.
“We are excited about the growing mental wellness market and believe that Revery’s unique mobile game-based approach has the opportunity to create immense impact,” said GGV Capital’s managing director Jenny Lee. “We are happy to back such a mission-driven team in this space.”
Revery is a gaming health start-up company that was founded in March of 2021. The organization is working to combat insomnia by combining cognitive behavioral therapy (CBT) with concepts from mobile gaming.