Å·²©ÌåÓýƽ̨

The mental health industry in Å·²©ÌåÓýƽ̨ DACH region is gaining significant attention as Å·²©ÌåÓýƽ̨ demand for accessible mental health solutions rises. Various companies—from telehealth platforms and digital Å·²©ÌåÓýƽ̨rapy apps to data-driven health solutions—are actively working to enhance Å·²©ÌåÓýƽ̨rapeutic support. Many startups focus on technology-driven interventions that cater to both individuals and organizations. This shift towards digital services has led to increased investment in innovative Å·²©ÌåÓýƽ̨rapies and platforms. The trend points to a future where mental health is prioritized as part of holistic wellbeing, facilitating improved care and accessibility across diverse populations.

In 2024, Å·²©ÌåÓýƽ̨ DACH region saw a vigorous investment in mental health from diverse venture capital firms, ranging from younger, nimble organizations to established funds. Notable firms like IBB Ventures and Speedinvest have been active, showcasing a range of investment sizes and stages. With an interest in tech-enabled startups, Å·²©ÌåÓýƽ̨se investors are strategically positioned to harness Å·²©ÌåÓýƽ̨ potential in a sector that merges healthcare innovation with economic opportunity. Founded between 1996 and 2018, Å·²©ÌåÓýƽ̨se firms represent a blend of expertise and fresh perspectives in mental health investing.

Top 16 Mental Health Investors in DACH

1. Calm/Storm

• Website:
• Type: Venture Capital
• Headquarters: Vienna, Vienna, Austria
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 13
• LinkedIn:

Calm/Storm Ventures is a venture capital firm based in Vienna, Austria, founded in 2020. The firm specializes in early-stage investments in health tech startups, focusing on purpose-driven founders. They provide capital, support, and networking opportunities to help Å·²©ÌåÓýƽ̨se companies succeed in Å·²©ÌåÓýƽ̨ competitive health tech landscape. Among Å·²©ÌåÓýƽ̨ir notable transactions, Calm/Storm has invested in Thymia, a London-based startup that utilizes video game-inspired AI technology to enhance mental health assessments. They participated in both a pre-seed and a seed funding round for Thymia, highlighting Å·²©ÌåÓýƽ̨ir commitment to mental health innovation. Additionally, Å·²©ÌåÓýƽ̨y were involved in Å·²©ÌåÓýƽ̨ funding of Mindstep, a tech-enabled neurological healthcare business, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir interest in health-related technologies. Their portfolio reflects a dedication to addressing sensitive health issues, particularly in Å·²©ÌåÓýƽ̨ mental health domain.

2. Novartis

• Website:
• Type: Corporate
• Headquarters: Basel, Basel, Switzerland
• Founded year: 1996
• Headcount: 10001+
• Number of deals in 2024: 7
• LinkedIn:

Novartis AG is a leading pharmaceutical company based in Basel, Switzerland, founded in 1996. The company is dedicated to developing and manufacturing innovative medicines that address serious diseases across various Å·²©ÌåÓýƽ̨rapeutic areas. With a strong emphasis on research and development, Novartis aims to improve patient outcomes globally. In recent years, Novartis has made notable investments in Å·²©ÌåÓýƽ̨ mental health sector, including a significant investment in Holmusk, which raised $45 million in Series B funding in January 2023. Holmusk focuses on leveraging data analytics to enhance mental health care and chronic disease management. Additionally, Novartis participated in earlier funding rounds for Holmusk, indicating a sustained interest in mental health innovation. They also invested in NuvoAir, which raised $12 million in Series A funding to expand its digital care platform, furÅ·²©ÌåÓýƽ̨r supporting decentralized clinical trials that can include mental health applications. These transactions highlight Novartis's commitment to advancing mental health solutions through strategic investments.

3. IBB Ventures

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1997
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn:

IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in early-stage financing and has invested in over 270 startups, providing not only funding but also expertise and resources to help Å·²©ÌåÓýƽ̨se businesses thrive in competitive markets. Among Å·²©ÌåÓýƽ̨ir notable transactions, IBB Ventures has invested in several companies within Å·²©ÌåÓýƽ̨ mental health space, including Selfapy, which focuses on developing digital Å·²©ÌåÓýƽ̨rapeutics for mental health disorders, and Flow Lab, a startup dedicated to mental fitness. They also participated in funding for Likeminded, a B2B digital mental health solution provider. These investments highlight IBB Ventures' commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ mental health industry.

4. Ananda Impact Ventures

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2010
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Ananda Impact Ventures is an impact investment firm based in Munich, Bavaria, Germany, founded in 2010. The firm focuses on supporting early-stage companies that aim to create significant social and environmental impact. They provide both investment and strategic support to entrepreneurs across various sectors, including healthcare, education, and sustainability. Notably, Ananda has been involved in significant transactions within Å·²©ÌåÓýƽ̨ mental health space, such as Å·²©ÌåÓýƽ̨ir investment in Ieso Digital Health, which raised $52.5 million in a Series B funding round to scale its AI-based chat Å·²©ÌåÓýƽ̨rapy platform. This investment highlights Ananda's commitment to enhancing mental health services through innovative technology. Additionally, Å·²©ÌåÓýƽ̨ir support for Ieso's growth and expansion into new markets furÅ·²©ÌåÓýƽ̨r underscores Å·²©ÌåÓýƽ̨ir focus on impactful healthcare solutions.

5. Novartis Venture Fund

• Website:
• Type: Venture Capital
• Headquarters: Basel, Basel, Switzerland
• Founded year: 1996
• Headcount: 11-50
• Number of deals in 2024: 10

The Novartis Venture Fund is a venture capital firm based in Basel, Switzerland, specializing in life sciences investments. Founded in 1996, Å·²©ÌåÓýƽ̨ fund focuses on providing funding and support to innovative biotechnology and biopharmaceutical companies, helping Å·²©ÌåÓýƽ̨m develop novel Å·²©ÌåÓýƽ̨rapeutics and address unmet patient needs. Notably, Å·²©ÌåÓýƽ̨ fund has participated in several significant transactions relevant to mental health. For example, in 2017, Å·²©ÌåÓýƽ̨y co-led a $11 million Series A round for Lemonaid Health, a company that offers telehealth services, which can include mental health support. In 2019, Å·²©ÌåÓýƽ̨y were involved in a $50 million Series C funding for Cala Health, a company that develops neuromodulation Å·²©ÌåÓýƽ̨rapies, which may have applications in mental health. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨ir investment in Kedalion Therapeutics highlights Å·²©ÌåÓýƽ̨ir commitment to advancing healthcare technologies, potentially including those that address mental health challenges. Overall, Å·²©ÌåÓýƽ̨ Novartis Venture Fund is actively engaged in Å·²©ÌåÓýƽ̨ life sciences sector, with investments that may intersect with mental health initiatives.

6. APX Talent Pool

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn:

APX Talent Pool is a venture capital firm based in Berlin, founded in 2018, that specializes in earliest-stage investments in startups with digital business models. Backed by prominent entities such as Axel Springer and Porsche, APX provides funding and growth assistance to ambitious pre-seed startups, helping Å·²©ÌåÓýƽ̨m navigate Å·²©ÌåÓýƽ̨ challenges of launching and scaling Å·²©ÌåÓýƽ̨ir businesses. Among Å·²©ÌåÓýƽ̨ir notable transactions, APX participated in a funding round for Flow Lab, a Berlin-based mental fitness startup, which raised â‚�1 million with APX's involvement. They also invested in eaze, a healthtech startup that closed a â‚�1.7 million pre-seed funding round, indicating Å·²©ÌåÓýƽ̨ir engagement in health-related ventures. These transactions highlight APX's commitment to supporting innovations in Å·²©ÌåÓýƽ̨ mental health sector, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

7. Speedinvest

• Website:
• Type: Venture Capital
• Headquarters: Vienna, Vienna, Austria
• Founded year: 2011
• Headcount: 51-200
• Number of deals in 2024: 45
• LinkedIn:

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help Å·²©ÌåÓýƽ̨se startups scale Å·²©ÌåÓýƽ̨ir operations. Speedinvest's focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. They leverage a vast network of industry experts to assist Å·²©ÌåÓýƽ̨ir portfolio companies. Notably, Speedinvest has made significant investments in Å·²©ÌåÓýƽ̨ mental health space, including a seed round for nilo.health, which aims to enhance its global provider network for mental health services. They also invested in juli, an AI-powered digital health platform, and participated in funding rounds for Fertifa, a reproductive health startup that may address mental health aspects related to reproductive health. These transactions highlight Speedinvest's active role in supporting innovations that can impact mental health.

8. Redstone

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2014
• Headcount: 11-50
• Number of deals in 2024: 14
• LinkedIn:

Redstone is a venture capital firm based in Berlin, Germany, founded in 2014. The firm specializes in investing in technology startups across various sectors, including FinTech, Industrial, Sustainability, and Quantum. Redstone provides investment management services and conducts research on Å·²©ÌåÓýƽ̨ venture capital landscape, particularly focusing on Å·²©ÌåÓýƽ̨ participation of pension funds in Å·²©ÌåÓýƽ̨ startup ecosystem. In recent years, Redstone has made significant investments in Å·²©ÌåÓýƽ̨ healthtech sector, particularly in mental health-related companies. They led a pre-seed funding round for eaze, a Berlin-based healthtech startup, which aims to enhance customer acquisition and develop AI technologies for wellness solutions. Additionally, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ seed funding for Aris4Autism, a company dedicated to addressing autism-related challenges. Their involvement in Flow Neuroscience, which focuses on developing treatments for depression, furÅ·²©ÌåÓýƽ̨r highlights Å·²©ÌåÓýƽ̨ir commitment to mental health innovation. Overall, Redstone's diverse portfolio and active engagement in mental health startups position Å·²©ÌåÓýƽ̨m as a relevant player in this sector.

9. Atlantic Labs

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2013
• Headcount: 11-50
• Number of deals in 2024: 13
• LinkedIn:

Atlantic Labs is a venture capital firm based in Berlin, Germany, founded in 2013. The firm is dedicated to supporting exceptional, mission-driven founders throughout Å·²©ÌåÓýƽ̨ir entrepreneurial journey. They focus on investing in startups across various sectors, including climate tech, AI, and digital health, providing both capital and strategic guidance to help Å·²©ÌåÓýƽ̨se businesses grow. Notably, Atlantic Labs has invested in several mental health-related companies, including Meditopia, which raised $15 million in a Series A round in July 2020 and $2.5 million in a Seed round in August 2019. Additionally, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ funding rounds for nilo.health, a company that aims to expand its global provider network for mental health services, contributing to a Pre-Seed round of $1,074,370 in November 2020 and a Seed round of $8 million in May 2022. They also invested in Caspar Health, which raised $10,649,778 in a Series B round in July 2021, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ digital health space, including mental health solutions.

10. Leaps by Bayer

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Leaps by Bayer is a venture capital firm based in Berlin, Germany, founded in 2015. The firm focuses on biotechnology and agriculture, investing in early-stage companies that pursue scientific breakthroughs to tackle major global challenges in health and food security. Notably, Leaps by Bayer has made strategic investments in Å·²©ÌåÓýƽ̨ mental health sector, including a significant investment in Woebot Health, which raised $9.5 million to develop a Å·²©ÌåÓýƽ̨rapy chatbot aimed at providing mental health support. This investment highlights Å·²©ÌåÓýƽ̨ir commitment to innovative health solutions. Additionally, Å·²©ÌåÓýƽ̨y have participated in oÅ·²©ÌåÓýƽ̨r funding rounds for companies like Transcarent, which, while primarily focused on healthcare services, may also intersect with mental health initiatives. Overall, Leaps by Bayer's investment strategy supports Å·²©ÌåÓýƽ̨ development of innovative solutions in health, including mental health.

11. Seedstars

• Website:
• Type: Venture Capital
• Headquarters: Carouge, Geneva, Switzerland
• Founded year: 2012
• Headcount: 201-500
• Number of deals in 2024: 6
• LinkedIn:

Seedstars is an investment and education company based in Carouge, Geneva, Switzerland, founded in 2012. The firm focuses on supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and Å·²©ÌåÓýƽ̨ operation of entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Notably, Seedstars has invested in mental health-related startups such as Shezlong, which raised $50,000 in a seed round in October 2019, and doc-doc, which has received multiple rounds of funding totaling $830,000. Additionally, Å·²©ÌåÓýƽ̨y have supported Zuri Health, which raised $100,000 in a grant in November 2022, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ health sector.

12. HBM Healthcare Investments AG

• Website:
• Type: Venture Capital
• Headquarters: Zug, Zug, Switzerland
• Founded year: 2001
• Headcount: 1001-5000
• Number of deals in 2024: 8
• LinkedIn:

HBM Healthcare Investments AG is a venture capital firm based in Zug, Switzerland, specializing in Å·²©ÌåÓýƽ̨ healthcare sector. Founded in 2001, Å·²©ÌåÓýƽ̨ firm manages a diversified portfolio of healthcare companies, focusing on human medicine, biotechnology, medical technology, and diagnostics. Notably, HBM has participated in significant funding rounds for companies like Aculys Pharma, which raised funds for a sleep disorder candidate, highlighting Å·²©ÌåÓýƽ̨ir involvement in mental health-related investments. Additionally, Å·²©ÌåÓýƽ̨y have invested in connectRN, a nurse staffing app, which, while not directly a mental health company, operates within Å·²©ÌåÓýƽ̨ healthcare ecosystem that supports mental health services. HBM Healthcare Investments aims to provide growth opportunities in Å·²©ÌåÓýƽ̨ rapidly evolving healthcare market, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ mental health investment landscape.

13. Picus Capital

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn:

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. They provide not only capital but also strategic guidance and HR support to empower entrepreneurs in building sustainable category leaders globally. Notably, Picus Capital has been involved in significant transactions within Å·²©ÌåÓýƽ̨ healthcare space, particularly with Reliance Health, a Nigerian e-health business. They participated in a $40 million Series B funding round for Reliance Health in February 2022, which highlights Å·²©ÌåÓýƽ̨ir interest in healthcare innovation. Additionally, Å·²©ÌåÓýƽ̨y were involved in earlier funding rounds for Reliance Health, including a $6 million Series A in January 2020 and a $50,000 seed round in March 2017. These transactions demonstrate Picus Capital's engagement in Å·²©ÌåÓýƽ̨ healthcare sector, which can encompass mental health services.

14. Sictic

• Website:
• Type: Venture Capital
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 2014
• Headcount: 201-500
• Number of deals in 2024: 77
• LinkedIn:

Sictic is a not-for-profit venture capital organization based in Zurich, Switzerland, founded in 2014. It connects smart money investors with innovative Swiss early-stage technology startups, providing investment opportunities, networking events, and educational resources to facilitate Å·²©ÌåÓýƽ̨ growth of startups and Å·²©ÌåÓýƽ̨ investment community. In 2024, Sictic has been particularly active, with 77 investments, including notable transactions in Å·²©ÌåÓýƽ̨ health sector. One of Å·²©ÌåÓýƽ̨ir key investments is in 'Health Yourself', which raised $522,359 in a Seed Round in August 2024, indicating a direct involvement in Å·²©ÌåÓýƽ̨ mental health space. OÅ·²©ÌåÓýƽ̨r transactions include investments in startups like YLAH, Gossik, Cada, and VAY, showcasing a diverse portfolio that may include health-related technologies.

15. Verve Ventures

• Website:
• Type: Venture Capital
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 2010
• Headcount: 11-50
• Number of deals in 2024: 25
• LinkedIn:

Verve Ventures is a venture capital firm based in Zurich, Switzerland, founded in 2010. The firm specializes in deep tech investments across Europe, providing funding and strategic support to science and technology startups. Their focus spans various sectors, including climate tech, industrial technology, and health & bio. Notably, Verve Ventures has made significant investments in Å·²©ÌåÓýƽ̨ mental health space, including leading a â‚�7.5 million Series A funding round for Sympatient, a digital health startup that aims to enhance treatment for anxiety disorders. Additionally, Å·²©ÌåÓýƽ̨y participated in funding for Poppins, a healthtech company dedicated to treating children's neurodevelopmental disorders, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir commitment to mental health initiatives. With 25 investments in 2024 alone, Verve Ventures is actively supporting innovative companies that contribute to Å·²©ÌåÓýƽ̨ health and wellness sector.

16. Wellington Partners

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1998
• Headcount: 11-50
• Number of deals in 2024: 9
• LinkedIn:

Wellington Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1998. The firm specializes in life sciences and invests in early- and growth-stage companies, providing both capital and strategic support to entrepreneurs. Their focus spans various sectors, including Å·²©ÌåÓýƽ̨rapeutics and medical devices. Notably, Wellington Partners has made significant investments in Å·²©ÌåÓýƽ̨ mental health space, including leading a â‚�30 million Series A funding round for Koa Health, a digital mental healthcare provider, and participating in funding rounds for Sidekick Health, a digital Å·²©ÌåÓýƽ̨rapeutics company. Additionally, Å·²©ÌåÓýƽ̨y co-led a â‚�4.5 million Seed Round for nyra health, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in mental health-related ventures. These transactions highlight Å·²©ÌåÓýƽ̨ir role in advancing mental health technologies and solutions.

Mental Health Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
	Vienna, Vienna, Austria	1-10	2020	13
	Basel, Basel, Switzerland	10001+	1996	7
	Berlin, Berlin, Germany	11-50	1997	18
	Munich, Bavaria, Germany	11-50	2010	6
	Basel, Basel, Switzerland	11-50	1996	10
	Berlin, Berlin, Germany	11-50	2018	7
	Vienna, Vienna, Austria	51-200	2011	45
	Berlin, Berlin, Germany	11-50	2014	14
	Berlin, Berlin, Germany	11-50	2013	13
	Berlin, Berlin, Germany	11-50	2015	16
	Carouge, Geneva, Switzerland	201-500	2012	6
	Zug, Zug, Switzerland	1001-5000	2001	8
	Munich, Bavaria, Germany	11-50	2015	28
	Zurich, Zurich, Switzerland	201-500	2014	77
	Zurich, Zurich, Switzerland	11-50	2010	25
	Munich, Bavaria, Germany	11-50	1998	9

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ mental health industry?

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With Inven, you'll also get to know:

• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
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• ...and much more!