Montreal, February 10, 2025 – Paperplane Therapeutics, a pioneering Quebec-based company specializing in therapeutic virtual reality solutions for pain and anxiety management in healthcare, announced today the successful closing of a $1.5M funding round. The round was led by Glen Ventures, with financial support from the Gouvernement du Québec through Investissement Québec. Strategic investors such as CABHI (Centre for Aging + Brain Health Innovation), Cedars-Sinai Intellectual Property Company, Anges Québec, and Aventure Capital also participated.
Pain and anxiety pose major barriers for patients seeking medical care, often leading to delays, increased discomfort, and more complex treatments. This issue is particularly prevalent in dentistry, where approximately 36% of individuals experience anxiety during dental visits, 12% suffer from extreme dental fear, and 22% postpone appointments until pain forces them to seek care, resulting in increased costs and complications. With this in mind, Paperplane is focusing on the North American dental market, aiming to enhance patient experiences and clinical workflows through its therapeutic virtual reality solutions.
Paperplane’s technology addresses this challenge by transforming dental procedures—often perceived as painful and traumatic—into more manageable, even pleasant experiences through immersive virtual reality. Designed for patients of all ages, with a particular emphasis on pediatric care, Paperplane’s solutions help improve patient comfort, streamline clinical workflows, and reduce the burden on clinicians managing patient anxiety and discomfort.
This $1.5M funding marks a significant milestone in Paperplane’s growth. It will enable the company to continue its mission of deploying cutting-edge virtual reality therapies in the dental sector, improving both patient outcomes and care delivery across North America. Additionally, this investment will support Paperplane’s expansion into Europe through a strategic partnership with French company HypnoVR, backed by its CE Mark certification.
