HelloBetter: Empowering people to take their mental health into their own hands — anywhere and…
Summary
Expon Capital is excited to have co-led a €6m Series A together with HealthCap, to support HelloBetter, a leading science-based Prescription Digital Therapeutics provider for a broad range of mental health conditions. For those who try to reach out for help, waiting times for outpatient psychotherapy are extremely long due to a shortage of psychotherapists. HelloBetter was founded in 2015 by a team of interdisciplinary researchers and psychologists led by Professor David Ebert, now at Technical University of Munich. Since we first watched Hannes pitch at the Cashwalk event in 2020, the team has achieved so much with the launch of its mobile app, new insurance partners, geographic expansion, 100+ corporate clients, exponential growth in revenues, and the world’s first digital burnout treatment on prescription listed here as a so-called DiGA (“Digital Health Application”). Recently, Stiftung Warentest, a German independent consumer organization, tested out nine online self-help programs for treating anxiety.