DreamsCloud grabs $2 mln Series A

DreamsCloud, an online dream resource in Reston, Virginia, has closed $2 million in Series A funding. Sphere Capital Holding led the round.

PRESS RELEASE

RESTON, VIRGINIA – August 26, 2014 – DreamsCloud, the world’s leading online dream resource, today announces it has raised $2 million in Series A funding. The funds will be used to continue development of the DreamsCloud platform and the recently released DreamSphere mobile app, make additional engineering and developer hires, and grow and expand the company’s reach via additional marketing efforts. The round represents DreamsCloud’s first external funding round, and was led by Sphere Capital Holding, part of the original first round investors in CareCloud and Canvas.

“Over the past few years we’ve seen enormous public interest in recording and having conversations about understanding dreams – in fact, our dreams database now hosts more than 1.8 million dreams from around the world,” said Jean-Marc Emden, chief visionary officer and co-founder, DreamsCloud. “We’re excited to have trail blazed the concept of dream journaling, reflection and sharing online, and our mobile app signals our commitment to continue to innovate around dreams. This funding round positions us to expand our DreamsCloud and DreamSphere platforms, giving our users more opportunities to track, reflect on and socialize their dreams – especially as dreams become a better understood indicator of overall health and wellness.”

Founded in 2010, DreamsCloud is armed with a combined 220 years of dreamwork experience and a deep professional understanding of dream study. Using a 360-degree approach to dream work, DreamsCloud users are able to collect, analyze, safe-keep and share their dreams, and to do so in the way that makes them most comfortable.

To accomplish this, DreamsCloud offers users a variety of services, including: online dream journaling and access to professional reflection via the DreamsCloud website (www.dreamscloud.com) as well as the ability to use the DreamSphere mobile app.

Built on DreamsCloud’s global database of dreams, DreamSphere’s stand-out feature is its Global Dreams Map, which appears on the home screen. Updated in real-time, users can use the map to search for dreams according to location, date, popularity, what’s trending, from connected friends or by keyword – opening a portal to dreams from every country, all over the world.

To learn more about DreamsCloud and to download the DreamSphere mobile app, please visit www.dreamscloud.com or the iTunes app store.

About DreamsCloud:
DreamsCloud is the world’s leading online dream resource, with an interactive database of more than 1.8 million dreams. Offering a 360-degree approach to dreaming – including a real-time global dream map, dream journaling/sharing tools and the largest group of professional dream reflectors – DreamsCloud empowers users to better understand their dreams and improve their waking lives.

DreamsCloud’s passion, commitment and innovation in the dreams space is best embodied by the company’s panel of Dream Reflectors who provide personalized insight to DreamsCloud users. Leveraging their deep expertise in dreams study, Dream Reflectors help users self-reflect on their dreams and their lives.

Users can participate in the DreamsCloud community privately and securely online at www.dreamscloud.com or by using the DreamSphere mobile app. Founded in 2010, DreamsCloud is headquartered in Reston, VA. Follow us on Twitter at @Dreams_Cloud.

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