O
Oxford VR
Health Tech & Medtech · Austin, United States · Founded 2017
Transforming mental health for millions with state-of-the-art immersive technology MoreLess
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.
Keywords: digital therapeutics, virtual reality therapy, mental health treatment, cognitive behavioral therapy, psychosis, anxious social avoidance, phobia treatment, digital health, health tech, automated therapy, immersive technology, serious mental illness, clinical psychology, patient management platform, telehealth, gameChange, BehaVR, Daniel Freeman, digital wellness, behavioral health
Company overview
Oxford VR company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2017
- Headquarters
- Austin, United States
- Employees
- 2
- Open positions
- None listed
- Dealroom signal
- 59.0
Valuation & funding
Oxford VR funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Dec 2022 | $0 | — | BehaVR | ↗ |
| SERIES A✓Equity / VC | Feb 2020 | $13M | $50M | GT Healthcare · Optum Ventures · Oxford University Innovation · Luminous Ventures | ↗ |
| EARLY VC✓Equity / VC | Sep 2018 | $4.2M | $17M | GT Healthcare · Oxford Science Enterprises · Force Over Mass Capital · RT Ventures | ↗ |
| SEED✓Equity / VC | Jan 2017 | — | — | Force Over Mass Capital · Oxford Science Enterprises | — |
| SPINOUT✓Other financing | Nov 2016 | — | — | University of Oxford | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 2 |
| 2025 | 7 |
| 2024 | 7 |
| 2023 | 19 |
| 2022 | 19 |
| 2021 | 19 |
| 2020 | 35 |
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.
Comparisons
Oxford VR compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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Talent graph
Oxford VR's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Oxford VR has talent and traffic
team presence
In the news
Latest news about Oxford VR
Recent press, funding announcements, and product moves mentioning Oxford VR — open to read from the original sources.
Market sentiment
What the market is saying about Oxford VR
An AI-synthesized read of the highest-engagement posts about Oxford VR on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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