Hellobetter raises six million euros

The Hamburg-based start-up for online psychological courses has raised money from international venture capitalists such as Healthcap and Expon Capital.

Just last week, Hellobetter's first therapy made it into the Digital Health Applications (DiGa) directory, and now the Hamburg-based start-up has more good news to announce. In its Series A funding round, the company has raised six million euros. The money comes from venture capitalists Healthcap and Expon Capital, but existing investor Hevella Capital is also back. The new investor is Sparrow Ventures, the growth capital provider of the Migros Group from Switzerland. The money will be used to advance Hellobetter 's platform and the company's expansion.

"Together we want to build the European market leader for prescription digital therapies," says Hannes Klöpper, CEO of the startup founded in 2015. The aim is to develop "the care system for mental illness through the use of highly effective prevention and treatment services for mental illness". Hellobetter has individual health insurers on its side for its offerings, which cover the cost of the study-backed programs. Around 100 companies also offer the courses to their employees. The online help for stress and burnout is included in the DiGa and can therefore be prescribed by doctors and psychologists to anyone in Germany by prescription.

Hellobetter 's offering has also convinced investors: "Hellobetter's achievements to date are impressive: the traction under selective contracts with well-known insurance companies, the high-quality and extensive scientific evidence, and the first-class, experienced founding team," says Healthcap partner Staffan Lindstrand. "We strongly believe that Hellobetter will bring significant value to patients, treating physicians and payers in the years to come."

The start-up now employs more than 70 people in Berlin and Hamburg and offers a total of ten therapy courses in eight areas such as depression, anxiety or panic disorders, vaginismus or chronic pain.