Emily Pathy 3 hours ago
Disclaimer: This article is COMPLETELY unrelated to this Business Insider article.
Psychedelics startups have raised hundreds of millions of dollars from private investors over the past year, and many have gone public. This article has nothing to do with that.
We selected 8 i̶n̶v̶e̶s̶t̶m̶e̶n̶t̶ ̶f̶i̶r̶m̶s̶ grassroots organizations focused on p̶r̶i̶v̶a̶t̶e̶ ̶p̶s̶y̶c̶h̶e̶d̶e̶l̶i̶c̶s̶ ̶c̶o̶m̶p̶a̶n̶i̶e̶s̶ helping humans and asked them about their t̶o̶t̶a̶l̶ ̶d̶e̶a̶l̶ ̶c̶o̶u̶n̶t̶,̶ ̶mission, a̶s̶s̶e̶t̶s̶ ̶u̶n̶d̶e̶r̶ ̶m̶a̶n̶a̶g̶e̶m̶e̶n̶t̶,̶ ̶aspirations for the future of psychedelic treatment, a̶n̶d̶ ̶h̶o̶w̶ ̶m̶u̶c̶h̶ ̶f̶u̶n̶d̶i̶n̶g̶ ̶t̶h̶e̶y̶’̶v̶e̶ ̶i̶n̶v̶e̶s̶t̶e̶d̶ ̶i̶n̶ ̶s̶t̶a̶r̶t̶u̶p̶s̶ ̶i̶n̶ ̶t̶h̶e̶ ̶i̶n̶d̶u̶s̶t̶r̶y̶.̶ and how much funding they’ve received from Venture Capitalists (hint: little to none).
Empathic used data from connecting with people, seeing the merits of their actions, and trusting their intentions.
We didn’t include investment firms that focus primarily on other industries or wealthy individuals like Peter Thiel or Michael Novogratz who have heavily invested their own cash. We also left out Christian Angermayer and his firm, Apeiron Investment Group, both of which have invested heavily in psychedelics but focus on other sectors.
Rest assured these people were all very close to making this list. If they or anyone else who has become significantly more wealthy from for-profit psychedelics reads this, I hope they consider giving some of their newfound profits to these organizations.
Did we miss anyone? Join us at https://empathic.health/ and share!
Here are the top organizations in the psychedelics industry, listed by how much of their own time (I’m guessing) they’ve deployed into the space:
Helping: Canadian citizens
About: When he’s not looking badass on his motorcycle on LinkedIn, TheraPsil CEO Spencer Hawkswell and his team are helping to legalize psilocybin therapy for Canadians in medical need.
Located: Los Angeles
Helping: Foster the conversation around psychedelics.
About: Co-Founders Shelby Hartman and Madison Margolin created biannual print magazine DoubleBlind to cover timely, untold stories about the expansion of psychedelics around the globe.
Located: New York
About: Founder Jesse Gould and his powerful Heroic Hearts Project (HHP) Ambassadors connect military veterans struggling with mental trauma to psychedelic therapy options including ayahuasca, psilocybin, and ketamine. These veterans typically have tried all the available resources offered by the Department of Veteran Affairs with limited success leaving them with very few options.
Helping: Everyone supporting their friends
About: Founder Dr. Sa’ed Al-Olimat and the PsiloHealth team are working to empower individuals and communities through education, legislation, and integration, with equitable access at the forefront.
Helping: People tripping or needing to process a past trip
About: Co-Founder Hanifa Nayo Washington and the Fireside Project offer free, confidential psychedelic peer support to people in the midst of psychedelic experiences, people holding space for others who are in the midst of psychedelic experiences, and people integrating past psychedelic experiences.
Helping: People exploring the world of plant medicine
About: Co-Founders Gina Vensel and Elizabeth Sheldon’s Plant Media Project helps plant medicine organizations expand their reach, and the pair hosts a podcast enlightening the world on advancements in plant medicine.
Helping: Those who seek it
About: Underground heroes continue to help people every single day in places where governments prevent their citizens from having access to natural plants, fungi, and medicine. Thank you to all who do this work that comes with great personal risk <3
LUCID: LUCID is turning music into medicine, delivering personalized and validated music experiences to improve health and wellness outcomes.
U4Ea: U4Ea (Euphoria) is a digital sound healing platform using binaural beats, auditory illusions that occur when you hear different frequency sounds in different ears.
Women On Psychedelics (WOOP): WOOP is a global community of female psychedelic enthusiasts and professionals that believe in the transformative potential of psychedelics.
Inward Breathwork: Guided breathing exercises, set to music, to relieve stress and anxiety from home.
OYA Femtech Apparel: A truly remarkable founder and person making an incredible product, that for the life of me I can’t figure out why, hasn’t gotten the light of day from venture capital.
Empathic Health: Paid to be on this list.