How Venture First Partnered
Cutting Edge Tech
BehaVR is a digital therapeutics company that develops and commercializes virtual reality (VR) and related digital products to help patients manage and treat behavioral health conditions such as chronic pain, anxiety, depression, and substance abuse.
CFO Services
In early 2018, BehaVR engaged Venture First to assist in financial planning and analysis (FP&A). After evaluating the Company’s financial needs, Venture First began working with the company to create a comprehensive financial model to help with forecasting and budgeting. In addition to ongoing FP&A work, the relationship with Venture First has evolved into providing outsourced CFO and Accounting services. Since working with Venture First, BehaVR has been able to make significant progress in its financial management, including a more streamlined budgeting process and improving cash flow management.
Funding Assistance
Venture First has also played an integral role in helping BehaVR secure funding, including a successful Series A funding round in 2020 that raised $10 million to support the Company’s growth and expansion. In December of 2022, Venture First supported BehaVR through Series B funding to directly finance a successful merger with OxfordVR, a virtual reality-based mental health treatment company.
