About Psyence
Psyence is a company based in Toronto (Canada) founded in 1997 by Jody Aufrichtig and Alan Friedman.. Psyence offers products and services including Natural Psilocybin Products, Medicinal Formulations, and Functional Mushroom Wellness Products. Psyence operates in a competitive market with competitors including ATAI, COMPASS Pathways, Beckley Psytech, MindMed and Cybin, among others.
- Headquarter Toronto, Canada
- Founders Jody Aufrichtig, Alan Friedman
- Stage Public
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Psyence Group Inc.
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Annual Revenue
$0 (USD)0as on Mar 31, 2024
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Net Profit
$-278.66 K (USD)99.42as on Mar 31, 2025
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EBITDA
$-3.84 M (USD)-6.69as on Mar 31, 2025
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Latest Funding Round
$441.14 K (USD), Post-IPO
Jun 18, 2025
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Investors
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Employee Count
Employee Count
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IPO & Listings of Psyence
Psyence is a publicly listed company on the CSE with ticker symbol PSYG in Canada, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Psyence
Psyence offers a comprehensive portfolio of products and services, including Natural Psilocybin Products, Medicinal Formulations, and Functional Mushroom Wellness Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Formulations for mental health treatment in clinical settings
Protocols targeting anxiety and depression in palliative care
Adaptogens for stress relief and general wellness benefits
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Funding Insights of Psyence
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $441,139
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First Round
First Round
(02 Dec 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Post-IPO - Psyence | Valuation |
investors |
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| Dec, 2024 | Amount | Post-IPO - Psyence | Valuation |
investors |
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| Aug, 2023 | Amount | Post-IPO - Psyence | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Psyence
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Psyence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Psyence Comparisons
Competitors of Psyence
Psyence operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ATAI, COMPASS Pathways, Beckley Psytech, MindMed and Cybin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
A biopharmaceutical company accelerating innovative mental health treatments.
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| domain | founded_year | HQ Location |
Therapies for mental disorders, including psilocybin for depression, are developed.
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| domain | founded_year | HQ Location |
Developer of drugs for the treatment of neurological and psychiatric disorders
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| domain | founded_year | HQ Location |
Psychedelic-based therapies for brain health disorders are developed.
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| domain | founded_year | HQ Location |
Psychedelic therapeutics for psychiatric disorders are developed and provided.
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| domain | founded_year | HQ Location |
Non-hallucinogenic therapeutics for neurological disorders are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Psyence
Frequently Asked Questions about Psyence
When was Psyence founded?
Psyence was founded in 1997 and raised its 1st funding round 24 years after it was founded.
Where is Psyence located?
Psyence is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Psyence?
Jody Aufrichtig is the current CEO of Psyence. They have also founded this company.
What does Psyence do?
Developer of psychedelic therapeutics for mental health disorders. The companys psilocybin drug candidates reduce the symptoms of psychological trauma, PTSD, depression, anxiety, stress, and addiction.
Who are the top competitors of Psyence?
Psyence's top competitors include MindMed, COMPASS Pathways and Beckley Psytech.
What products or services does Psyence offer?
Psyence offers Natural Psilocybin Products, Medicinal Formulations, and Functional Mushroom Wellness Products.
Is Psyence publicly traded?
Yes, Psyence is publicly traded on CSE under the ticker symbol PSYG.
What is Psyence's ticker symbol?
The ticker symbol of Psyence is PSYG on CSE.