New corporate operation in the health sector. Amelia Virtual Care and XRHealth have announced their merger, to create “the largest virtual reality therapeutic deep-tech platform,” as announced by both companies at the Trofeu Conde de Godó facilities in Barcelona.
The operation has been led by Asabys Partners, one of Amelia’s main investors from her Sabadell Asabys fund. In the beginning, Amelia had the support of BStartup10 from Banco Sabadell and Caixa Capital Risc, and later Sabadell Venture Capital from Banco Sabadell, Endra, and CG Ventures, among others, joined its shareholding.
The objective of the merger is that “the combination of the two businesses generates significant income in the coming months, surpassing other platforms and becoming the leading therapeutic solution in the augmented reality market,” according to both entities.
The joint platform will be used by more than 2,500 doctors worldwide and will perform more than 500,000 virtual reality treatments on around 25,000 patients before the end of 2023.
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Amelia Virtual Care performs more than 500,000 virtual reality treatments annually
XRHealth offers a comprehensive therapeutic care solution that allows patients to receive treatment from home through augmented reality. Among the main diseases that the company treats are Parkinson’s, multiple sclerosis, stroke rehabilitation, and fibromyalgia.
Amelia Virtual Care offers virtual reality software for mental health professionals with more than 140 virtual environments, providing clinicians with access to exposure tools and systematic desensitization techniques. The solution is already offered in both centers in Europe and the United States.
“At a time when medical professionals are embracing virtual reality as a tool to deliver quality care, we seek to deliver compelling experiences for patients,” says Xavier Palomer, founder and president of Amelia.
For his part, Eran Orr, founder and CEO of XRHealth, added that “now that the industry is maturing, the time has come to introduce our technology in hospitals and clinics.”
In 2019, Amelia Virtual Care closed a round of €6 million led by Sabadell Asabys and Caixa Capital Risc. This investment has allowed it to develop technology and consolidate its presence in Europe and the United States. In 2022, the technology company raised seven million euros more from Endra, an international fund managed from London.
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