About Karuna Labs
Karuna Labs is a Healthcare company based in San Francisco (United States) founded in 2016. Smart devices for chronic pain management and rehabilitation are provided. It operates in the Healthcare and Technology sectors. Karuna Labs has raised $3 million across 2 funding rounds from investors including QB3, Baseline Ventures and Anorak Ventures. Karuna Labs offers products and services including KarunaHOME and Behavioral Coaching. Its focus areas include HealthTech, Disease Self Management, Pain and Therapy. Its legal entity is Karuna Labs Inc. Its competitors include Theranica, XRHealth and Bone Health Technologies; 2 of its 3 listed competitors have raised funding.
Company details
Karuna is a provider of smart devices for chronic pain management. It provides a VR headset that uses techniques from physical therapy, pain psychology, cognitive neuroscience, and functional restoration programs. The device is used for pain management and rehabilitation it contains modules for upper limb, lower limb, cervical and lumbar spine. It provides solutions for various diseases like low back pain, shoulder pain, neck pain, stroke-related pain, complex regional pain syndrome, phantom limb pain, fibromyalgia, neck pain, post-surgical pain others. It also increases the range of motion through therapeutic exercise no drugs surgery is required for chronic pain.
- Headquarters San Francisco, United States
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website karunalabs.com
- Social LinkedIn X
- Legal Name Karuna Labs Inc
- Total Equity Funding$3M (USD)
in 2 rounds
- Latest Funding Round$3M (USD), Seed
Sep 2019
- InvestorsQB3
& 6 more
Products & Services of Karuna Labs
Karuna Labs offers a comprehensive portfolio of products and services, including KarunaHOME and Behavioral Coaching.
Digital program using neurotechnology for chronic pain relief and function improvement
Personalized coaching to retrain brain and reduce pain symptoms
Funding Insights of Karuna Labs
Karuna Labs has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 2
- Last Round Seed — $3M
- Investors Count 7
All 2 funding rounds of Karuna Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $3M | Seed | – | Baseline Ventures | |
| Aug 2017 | Seed | – | – |
7 investors in total: 7 institutional.
Investors in Karuna Labs
Karuna Labs has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include QB3, Baseline Ventures and Anorak Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are focused on US tech companies. | baselinev.com | San Francisco, United States | ||
Early-stage tech-focused VC firm investing primarily in the US | anorak.vc | San Francisco, United States | ||
Investments in entertainment and technology are made by AET Fund. | aet.fund | Shinagawa, Japan | ||
Seed-stage startups are funded by this venture capital firm. | hustlefund.vc | San Carlos, United States | ||
Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors | correlationvc.com | San Francisco, United States | ||
Startup accelerator | dreamit.com | New York, United States | ||
Life Sciences startups are incubated and accelerated by QB3. | 2000 | qb3.org | San Francisco, United States |
Investor details for Karuna Labs
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People of Karuna Labs
22 people are tracked at Karuna Labs (6 in leadership, 13 in board & advisors, 3 in team).
| Name | Role | Group |
|---|---|---|
Andy Riedel | CTO | Leadership |
Jon Weinberg | COO | Leadership |
James Petros | Chief Medical Officer | Leadership |
Lincoln Nguyen | CEO | Leadership |
Alex Yeates | Vice President Of Sales | Leadership |
James Petros, MD, MBA | Chief Medical Officer | Leadership |
Howard Schubiner | Board Member | Board & advisors |
David Smolins | Board Member | Board & advisors |
Julie Pilitsis | Board Member | Board & advisors |
Robert Johnson | Board Member | Board & advisors |
Kynan Eng | Board Member | Board & advisors |
Ramo Naidu | Clinical Advisory Board Member | Board & advisors |
Erica Pitsch | Clinical Advisory Board Member | Board & advisors |
Adrian Bartoli | Clinical Advisory Board Member | Board & advisors |
Howard Fields | Board Member | Board & advisors |
Ian Cheok | Board Member | Board & advisors |
Jeffrey Halbrecht | Board Member | Board & advisors |
Steve Wiesner | Board Member | Board & advisors |
Howard Edelman | Clinical Advisory Board Member | Board & advisors |
Cameron McPherson | Software Engineer | Team |
2 more people are available in the full profile.
Complete people profiles for Karuna Labs
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Timeline of Karuna Labs
3 dated milestones of Karuna Labs across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Karuna Labs is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $3.0M.
Competitors of Karuna Labs
Karuna Labs has 3 listed competitors in our database, 2 of them funded. They include Theranica, XRHealth and Bone Health Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| theranica.com | 2016 | Bridgewater, United States | $86M | Therapeutic devices for pain management are developed and manufactured. | ||
| xr.health | 2016 | Brookline, United States | $27M | 75 | VR-based home therapy systems are developed for symptom treatment. | |
| bonehealthtech.com | 2018 | San Francisco, United States | Bone Health Technologies creates a wearable device to treat osteopenia and prevent osteoporosis. |
Detailed competitors of Karuna Labs
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Karuna Labs (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Karuna Labs
Karuna Labs was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Karuna Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Karuna Labs is a funded company, having raised a total of $3M across 2 funding rounds to date.
Karuna is a provider of smart devices for chronic pain management. It provides a VR headset that uses techniques from physical therapy, pain psychology, cognitive neuroscience, and functional restoration programs. The device is used for pain management and rehabilitation it contains modules for upper limb, lower limb, cervical and lumbar spine. It provides solutions for various diseases like low back pain, shoulder pain, neck pain, stroke-related pain, complex regional pain syndrome, phantom limb pain, fibromyalgia, neck pain, post-surgical pain others. It also increases the range of motion through therapeutic exercise no drugs surgery is required for chronic pain.
Karuna Labs's top competitors include Theranica, XRHealth and Bone Health Technologies.
Karuna Labs offers KarunaHOME and Behavioral Coaching.
Karuna Labs has 7 investors. Key investors include QB3, Baseline Ventures, Anorak Ventures, AET Fund, and Hustle Fund.
Karuna Labs operates through Karuna Labs Inc.