REMspace Raises $1M in Seed Round to Ignite the Lucid Dream Revolution
SAN FRANCISCO – Lucid dreaming and improved sleep quality are one step closer to becoming a reality for millions of Americans. REMspace, a neurotechnology company specializing in lucid dreaming studies, today announced it has closed a $1M seed round, raised from lucid dreaming practitioners and enthusiasts located across Europe. Lucid dreams are vivid dreams in which people fully understand that they are dreaming and can exercise control over their dream and, under the right conditions, their waking environment.
“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”
The capital will be used to develop software and hardware for REMspace’s research and commercial projects, including dietary supplements and its smart sleeping mask, which helps with lucid dreaming, falling asleep, gentle awakening, meditating, improving dream recall frequency and preventing snoring. REMspace will also unveil new technology and services to further enhance customers’ lucid dreaming practices. It has hired 15 new employees, including 10 engineers and additional support staff.
“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,” said Michael Raduga, CEO at REMspace. “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.”
Lucid dreaming is changing consumer behavior and bringing sleep tourism to new heights. 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 from mattresses to wearable devices. The sleep economy is booming; recent projections show it will reach a record high of $585 billion in 2024.
For more information about REMspace, visit remspace.net.
About REMspace
REMspace, a neurotechnology company specializing in lucid dreaming, believes every adult can benefit from the practice of lucid dreaming. Focusing on breakthrough research, it provides innovative and science-backed technologies such as intelligent sleeping masks and dietary supplements. REMspace promotes improved sleep quality and the ability for people to connect with their subconscious to unlock hidden resources — such as creativity and ingenuity. For more information, visit https://remspace.net/.
