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Iter Investments Announces the Closing of its First Fund After a Successful Round of Funding and Deploying Capital in the Emerging Psychedelic Market

Iter Investments, a venture capital firm that aims to deploy capital primarily in businesses operating in and around the burgeoning psychedelic industry, is pleased to announce the final closing of its successful round of funding on June 15.

When Iter Investments first launched the initial fund in April 2021, it targeted a $20 million raise. Due to increased investor interest, Iter Investments decided to let in additional capital and is closing Fund I with over $20 million committed.

Founded by Dustin Robinson, Esq., CPA, the founding partner of one of the leading law firms in the psychedelic industry, in partnership with seasoned private equity investor Robert Velarde, the Iter Investments team consists of experts and professionals within the psychedelic space representing the end-to-end psychedelic value chain, enabling unparalleled investment opportunity sourcing, diligence and portfolio management.

“Our mission has been and continues to be aiding entrepreneurs as they build great companies that use medical and scientific research to reimagine the health care industry’s approach to the underserved mental and behavioral health sectors,” said Robinson. “It has been a very successful year launching our initial fund and we have built incredible partnerships along the way. We are closely watching the emerging trends and research surrounding the psychedelics industries and are excited for all that the industry has to offer.”

In launching Fund I, Iter Investments has established an active portfolio of 16 companies with special access to several new investments on the horizon. Iter Investments’ portfolio consists of companies across the entire value chain, including suppliers of psychedelic active pharmaceutical ingredients, such as Psygen; drug discovery and drug development companies, including Psilera, Beckley Psytech, Clairvoyant, Reset Pharma, Apex Labs, Wesana, Awakn Life Sciences, and Freedom Bio; clinics including Awakn Life Sciences and Wesana; and technology and other supporting infrastructure, such as Tripp, aNUma, and Fluence.

Iter Investments’ portfolio is also diversified across a wide range of compounds, including psilocybin, DMT, 5-MeO-DMT, MDMA, LSD, ketamine, psychedelic analogues, and new chemical entities, as well as a wide range of indications, such as alcohol use disorder, post-traumatic stress disorder (PTSD), cancer-related distress, depression, anxiety, gambling addiction, and behavioral health conditions.

Recognizing gaps in the psychedelic industry, Iter Investments also launched its own company Nucleus, which is a holding company for various media, data, and technology assets, including Psychedelic Invest, Neuly, Matter Academy, Psyrise, and Particles.

The venture capital firm has also taken a particular interest in digital therapeutics for the mental health space. For example, Iter Investments was the lead investor in aNUma’s seed round. aNUma is developing digital group therapeutics combining virtual reality with the science of psychedelics, creating deeper human connections to address the global mental health crisis. Iter Investments believes digital therapeutics is an exciting and emerging space that has tremendous potential for its Fund.

Iter Investments has led several funding rounds and has a board seat on several of its portfolio companies. By taking board seats on several companies and deploying a diversified approach to its portfolio companies, the venture capital firm has been able to identify various synergies among its portfolio companies, proving Iter Investments to be a value-added investor for its portfolio companies.

“We have seen an incredible amount of investor interest over the past year, and combined with the continued progress in R&D and clinical trials, confirms our view of the great potential for the psychedelics industry,” said Velarde. “We’re looking forward to continuing to serve the funding gap between psychedelic drug research and mass commercialization while aiming to offer portfolio companies what we consider to be expert guidance to support their growth and success.”

This press release (i) is not an offer, or solicitation of an offer to buy or sell any security or investment, and (ii) does not constitute tax, legal or investment advice.

About Iter Investments

Iter Investments is a newly started investment firm that will aim to primarily deploy capital in and around the burgeoning psychedelic industry. Iter Investments will seek to invest with the mission of re-imagining how the mental health and wellness industry delivers care. For more information, visit www.iterinvestments.com or email contact@iterinvestments.com.

About Nucleus:

Nucleus is an ecosystem of various media assets, data assets, and tools to help guide people on their mental health journey. Nucleus’ ecosystem consists of the following websites: Nucleus – a directory for finding clinics, clinicians, and retreats; Neuly – a data platform to assist companies and individuals looking for research, data, and analytics on the psychedelic industry; Psychedelic Invest – data and analytics for investors in the psychedelic space; Psyrise – a marketing agency for holistic wellness practitioners and life science organizations; Particles – a decentralized community building the future of well-being. For more information, visit withnucleus.com.

 

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Five Things That Need to be in Your Resume or Cover Letter

To paraphrase Jerry Maguire, help us help you. As we sift through the paperwork, here’s what we are looking for:

1. What you love to do and why.

In PR, you may love writing, editing, interviewing, pitching the media, researching, coordinating events, networking, posting to social media … whew! While we would love it if you had a passion for it all, we’d never believe you if you said as much.

What part of this zany, crazy, whirlwind, yet meticulous, tedious, detail-oriented, profession calls to you and why? Help us make the connection as to how PR is really for you, and call it your Professional Summary.

2. Something you did that changed something or someone else.

If you never showed up to your last job, what wouldn’t have happened? That’s right. Erase yourself. Now which clients disappeared with you? Which articles just fade away? What press releases cease to exist? How much social media did NOT get liked?

We are just meeting you. So take a moment to spell out your impact, and it will be easier for us to see what you can do for the clients of Durée & Company. Share this under your Job Responsibilities.

3. Anything you created.

Feeling humble? Well, stop it. This is the part where you brag. If you craft a delightful blog, master a mind-blowing website, shoot crazy video or direct wonderful events, show us.

Then tell us a bit of how you did it, so we trust that it was your brilliance and not the intern’s. Let’s dub this Your Portfolio.

4. An indication of why you belong here.

At PR firm Durée & Company, we have a culture. Really, all companies do. To learn about ours, do some legwork. At this point, if you’re on our blog, you are in the right spot to begin learning. Hate pink? Not good with women? Live in Kansas? Low energy? Then you might want to reconsider applying. However, if we resemble a group that you’d like to hang out with, share why. You can do that in the Cover Letter.

5. Correctly spelled words – all of them.

Do more than hit spell check. Know how to spell or ask someone to proofread. Correctly spelled words work everywhere, all the time. Consider them the Little Black Dresses of resumes.

So consider these five tips – we’ve just given you a “cheat sheet” about what we’re watching out for. Even if our position may not be for you, feel free to use our advice for another – it may just get you the job!