HelloBetter, a top provider of evidence-based digital therapy programmes and a digital health company, reports the successful expansion of its A2 financing round. HSBC Asset Management’s Financial Technology Venture Capital has invested €5 million in HelloBetter as part of this second round, bringing the company’s total investment volume to €12 million in 2023.
With this most recent capital infusion, HelloBetter will be able to scale its products for mental health even more. Numerous mental health problems, such as stress, panic attacks, depression, and insomnia, are addressed by the online therapy programmes. Six of these therapy programmes are offered as “DiGA” (digital health applications) free of charge to anyone with statutory health insurance.
Kara Byun, Head of Fintech at HSBC Asset Management, said: “We are pleased to support HelloBetter as their mission aligns with our commitment to mental health and wellbeing. The HelloBetter team’s deep expertise in technology and scientific research enables high-quality mental health care in a simple, affordable and accessible way. At a time when the importance of mental health is becoming increasingly recognized and digital solutions to address these challenges are becoming increasingly important, HelloBetter is well positioned to take the lead.”
Additionally, the new capital infusion will be used to boost operations in sales and marketing and increase data analytics capabilities. Along with entering new markets, HelloBetter wants to grow its selection of online therapy tools.
Hannes Klöpper, CEO and co-founder of HelloBetter, underlines the urgent need for innovative digital solutions in the field of mental health care: “Global societies are facing serious challenges that have a negative impact on people’s mental well-being. Many suffer in silence, but the impact is already being felt in the workplace, where sickness absence due to mental health issues is reaching record levels. We are therefore very pleased to have the support of HSBC Asset Management, which will enable us to further develop evidence-based solutions in the area of mental health and thus empower people to change their lives for the better.”
HelloBetteris one of the world’s leading providers of digital medical products. The company was founded in 2015 by psychologists Prof. Dr. David Ebert, Dr. Hanne Horvath and Dr. Elena Heber founded.
David Ebert, Professor of Psychology & Digital Mental Health Care from the Technical University of Munich, is an internationally recognized expert and global pioneer of digital interventions for mental illnesses. HelloBetter offers ten therapy programs from eight problem areas that serve both the prevention and treatment of classic mental illnesses such as depression, anxiety or panic disorders but also cover topics such as vaginismus or chronic pain. Four HelloBetter therapy programs have now been approved by the Federal Institute for Drugs and Medical Devices (BfArM) and are available free of charge with a prescription to all adults with health insurance.