Revery Labs Market Research Report

Company Overview

• Name: Revery Labs

• Mission: To make wellness accessible to everyone by offering affordable and innovative solutions to improve mental health and sleep quality.

• Founded: March 2021

• Founders: Khoa Tran and Tammie Siew

• Key People:

• Khoa Tran (Founder)

• Stephanie Wong (Founder)

• Eric Whittington (CMO)

• Dr. Fiona Barwick (Advisor)

• Dr. Stanley Liu (Advisor)

• Dr. Ryan Kelly (Advisor)

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• What the company is known for: Revery Labs is known for integrating mobile gaming techniques with cognitive behavioral therapy to address mental health issues, beginning with sleep disorders.

Products

• Pocket Kado®

• Description: A science-backed virtual pet game designed to help users develop and maintain healthy sleep hygiene routines. The app was developed at Stanford in collaboration with leading sleep psychologists, therapists, and researchers.

• Key Features:

• Offers an interactive and engaging way to reinforce cognitive behavioral therapy for insomnia (CBT-I) practices.

• Helps users synchronize their daily routines with their circadian rhythms.

• Provides positive reinforcement for behaviors that lead to improved sleep quality.

• The app features 'Kado the Koala', a virtual pet whose routine mirrors the user's lifestyle, making it fun and effective.

Recent Developments

• New Funding and Partnerships:

• In August 2021, Revery raised $2 million in a funding round led by Sequoia Capital India’s Surge program with participation from GGV Capital, Pascal Capital, zVentures, and several angel investors.

• Awards:

• Pocket Kado won the National Sleep Foundation’s 2023 SleepTech® Award in the Sleep Disorders and Conditions category.

• Advisory Team Additions:

• Involvement of sleep and game design experts such as Dr. Fiona Barwick, Dr. Stanley Liu, and Dr. Ryan Kelly.

• Market Launch:

• The company plans to launch its sleep-focused app in the United States while also preparing to expand its offerings to address a broader range of mental health conditions in the future.

Note: Due to the company's stealth mode, specific future products and detailed strategic initiatives were not disclosed in the available data.