Funding

HelloBetter funding news – Germany-based HelloBetter Secures €3Million in Funding

Nov 8, 2024 | By Kailee Rainse

HelloBetter has secured €3 million in funding for its digital mental health product. The money comes from the Ministry for Economic Affairs, Labour and Energy of Brandenburg through the Investitionsbank des Landes Brandenburg (ILB).

SUMMARY

HelloBetter has secured €3 million in funding for its digital mental health product.
Founded in 2015, HelloBetter is a leader in digital mental health in Europe and a global pioneer in digital mental health research.

Funding utilisation

The funding will help it to develop and expand its AI to better personalize the user experience, aiming to improve user engagement, satisfaction, and overall mental health results.

It offers ten online therapy programs that cover common mental health issues like depression, insomnia, and panic attacks, as well as less addressed conditions like vaginismus and chronic pain.

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Six of these programs are approved by the German Federal Institute for Drugs and Medical Devices (BfArM) and are part of Germany’s healthcare system. They are available at no cost to adults with public health insurance as prescription digital treatments.

About HelloBetter

Founded in 2015, HelloBetter is a leader in digital mental health in Europe and a global pioneer in digital mental health research. The company has the strongest evidence base in the field, with 33 published randomized controlled trials in peer-reviewed journals.