HelloBetter raises six million Euros to build the category leader in digital mental health
Summary
• HelloBetter, a global leader in the field of e-mental health innovation, has closed a Series A funding round of six million euros to fuel growth in Germany, prepare further internationalisation and to continue to invest in developing its leading technology platform. “HelloBetter’s achievements to date are impressive: the traction across partnerships with renowned insurance companies, a broad range of clinical trials showing extensive, high quality scientific evidence as well as an experienced, first class founding team have fully convinced us. Only last week, the digital therapy course HelloBetter Stress and Burnout has been approved by the German Federal Institute for Drugs and Medical Devices (BfArM) and since then offers universal access to effective psychological care on prescription to over 50 million adults with statutory health insurance in Germany – without waiting times. In a test of digital health applications conducted by renowned German consumer review organisation Stiftung Warentest, HelloBetter’s offer was recently rated ‘best in class’ ahead of six other comparable solutions. With a unique organizational structure and an experienced team of business-driven experts, Sparrow Ventures focus lies on building and investing in companies in a multitude of relevant fields, in particular Food & Beverage, Fintech, Last-Mile, Digital Health, Sustainability & Circular Economy as well as Commerce & Shopping.