REMspace, a neurotechnology company specializing in lucid dreaming studies, announced today it has closed a $1 million seed round, raised from lucid dreaming practitioners and enthusiasts based across Europe.
Lucid dreams are vivid dreams in which people fully understand that they are dreaming and could exercise control over their dream and, under the right conditions, their waking environment.
The funding will be used to develop software and hardware for REMspace’s research and commercial projects, such as dietary supplements and its smart sleeping mask, which helps with lucid dreaming, falling asleep, gentle awakening, meditating, improving dream recall frequency and preventing snoring. And REMspace will also unveil new technology and services to enhance customers’ lucid dreaming practices further. The company has hired 15 new employees, including 10 engineers and additional support staff.
Lucid dreaming has been changing consumer behavior and bringing sleep tourism to new heights. And a community on Reddit dedicated to lucid dreaming has over half a million users sharing their adventures and swapping tips.
REMspace’s technologies and supplements are a part of the “sleep economy” – which includes everything sleep related such as mattresses and wearable devices.
KEY QUOTES:
“I’ve been researching the practice of lucid dreaming for several years, but humanity is still at the beginning of understanding the extraordinary benefits the practice can offer. We know that lucid dreams are a gateway to new experiences; they can help fight depression, eliminate fears, improve the practitioner’s mood and quality of life and promote sleep quality. Lucid dreaming is a door to our subconscious mind and can help unlock our hidden resources, such as creativity and ingenuity. We want to make lucid dreaming accessible to everyone, to help people forget about boundaries and achieve the impossible.”
– Michael Raduga, CEO at REMspace
