Journey Colab
Developing psychedelic-based treatments for addiction, starting with a synthetic version of mescaline, a psychedelic compound, for use alongside talk therapy to treat alcohol use disorder.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $12.0m | Series A | |
| Total Funding | 000k | ||
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Journey Colab is a pioneering startup operating in the healthcare sector, specifically focusing on addiction treatment. The company's unique approach combines the potential of psychedelic therapeutics with an integrated care model that includes psychotherapy and community support. This innovative model aims to provide a more effective and lasting solution for patients suffering from addiction, a chronic condition that current treatments only provide lasting benefits for about 10% of patients.
Journey Colab's primary market is the United States, where substance use disorders (SUDs) pose a significant economic burden. The company's business model is centered around the development and provision of psychedelic therapeutics, with a particular focus on their proprietary drug program, JOUR-5700, Mescaline HCl for Alcohol Use Disorder. This program is part of their broader initiative to advance psychedelic therapeutic development and enable real-world research through their network of Centers of Excellence. These centers are created in collaboration with select addiction treatment centers across the U.S.
In terms of revenue generation, Journey Colab likely earns income through the provision of their therapeutic services and the development and sale of their proprietary drugs. Additionally, the company is backed by world-class investors, indicating a strong financial foundation and potential for future growth.
The company also places a strong emphasis on community engagement and equitable access to care. They have dedicated 10% of their founding equity to sharing success with community stakeholders, including Indigenous communities. This approach not only increases access to care but also helps to recruit employees and partnerships.
Keywords: Addiction Treatment, Psychedelic Therapeutics, Integrated Care Model, Psychotherapy, Community Support, Substance Use Disorders, Therapeutic Development, Proprietary Drug Program, Community Engagement, Equitable Access to Care.