Silicon Valley-based venture capital firm Niremia Collective has successfully secured $22.5 million in capital commitments for its debut fund, spotlighting the global demand for well-being technology, particularly in the wake of the pandemic. The firm, led by founders Naoko Okumoto and Nichol Bradford, addresses the gender disparity in venture capital, joining the ranks of women-led debut funds such as New Fare Partners and Curate Capital, Pact, Double Down, and f7 Ventures.
The inspiration for the name “Niremia” stems from the combination of the Greek word “iremia,” signifying a state of peace and tranquility, and the initials of the founders. Okumoto and Bradford, who crossed paths in 2018, collaborated on various projects before uniting to support startups at the pre-seed and seed stages focused on well-being technology.
With a vision centered on human happiness and health, Okumoto emphasizes the importance of technology investment in unlocking human potential. Drawing on her extensive experience in large tech companies, she previously managed U.S. investment and collective impact community building for Mistletoe Venture Partners. Bradford, with a background in tech and venture building, delved into the video game industry and founded Transformative Tech, touted as the world’s largest well-being technology ecosystem.
The debut fund boasts partnerships with limited partners such as Mistletoe Venture Partners, Shionogi Pharmaceuticals, and MIXI Inc. As the global wellness market is projected to reach $8.5 trillion by 2027, Niremia Collective aims to provide capital and management resources to high-growth well-being startups. The firm has made 12 investments from its debut fund, supporting ventures like Feno, offering AI-powered oral care services; Tripp, a VR/XR wellness platform; and DeepWell, specializing in mental health treatment through gaming. Niremia Collective’s broader goal is to incubate new businesses and serve as a valuable resource for those entering the well-being tech sector.
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