The mental health services industry in Europe is rapidly evolving, focusing on enhancing emotional well-being and treating mental disorders. This industry comprises various entities, including digital health platforms, therapy services, and wellness apps, all dedicated to supporting mental health through innovative solutions. Existing players are leveraging technology for remote therapy, mental health assessments, and tailored support programs. As awareness grows and stigma declines, more individuals seek assistance, propelling industry growth. Future trends indicate increased collaboration across sectors, a reliance on AI for personalized care, and a surge in investment to drive new initiatives. Mental well-being is clearly on the rise in prioritization.


This list features a range of investors active in the mental health services space in Europe, including venture capital firms, corporate investors, and public entities. They are headquartered across major cities like London, Paris, and Stockholm, serving companies of various sizes from small start-ups to large corporates. Founded between 1994 and 2020, these investors made notable contributions in 2024, with deal counts ranging from 1 to 198, demonstrating the sector’s growing appeal and their commitment to supporting breakthrough mental health solutions.


Top 15 Mental Health Services Investors in Europe


1. DigitalHealth.London


DigitalHealth.London is a not-for-profit organization based in London, England, founded in 2016. It connects NHS staff, digital health companies, and academics to enhance health and care through digital innovation. The organization offers various programs, including the Accelerator and Digital Pioneer Fellowship, to support the adoption of digital solutions in the NHS. Notably, DigitalHealth.London has been involved in several transactions relevant to mental health services, such as supporting My Possible Self, a company focused on mental health and well-being, and other startups like Dr Julian Medical Group and Tellmi, which also contribute to mental health solutions. Their efforts in providing non-equity assistance and funding to these companies demonstrate their commitment to improving mental health services through digital innovation.


2. SBRI Healthcare

  • Website: sbrihealthcare.co.uk
  • Type: Corporate
  • Headquarters: Twickenham, England, United Kingdom (UK)
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: sbri-healthcare

SBRI Healthcare is a not-for-profit healthcare innovation program based in Twickenham, England, founded in 2009. The organization provides funding and support to innovators and entrepreneurs who are addressing unmet health and care needs within the NHS and social care system. SBRI Healthcare aims to accelerate the development of innovative technologies and solutions that improve patient care and increase efficiencies in healthcare delivery. Notably, SBRI Healthcare has been involved in several transactions relevant to mental health services, including grants to SilverCloud Health, Ieso Digital Health, and Kooth, which focus on providing digital mental health solutions. These investments highlight SBRI Healthcare's commitment to enhancing mental health services through innovation and technology.


3. Calm/Storm

  • Website: calmstorm.vc
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 13
  • LinkedIn: calm-storm

Calm/Storm Ventures is a venture capital firm based in Vienna, Austria, founded in 2020. The firm specializes in early-stage investments in health tech startups, focusing on purpose-driven founders. They provide capital, support, and networking opportunities to help these companies succeed in the competitive health tech landscape. Their portfolio includes diverse teams addressing sensitive health issues. Notably, Calm/Storm has participated in several relevant transactions, including investments in Thymia, which is developing video game-inspired mental health AI technology, and Mindstep, a startup focused on tech-enabled neurological healthcare. These investments highlight their commitment to advancing mental health services through innovative technology.


4. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a venture capital firm based in Paris, Île-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through various services, including direct funding, export credit insurance, and private equity investments. The firm aims to foster entrepreneurship and innovation by providing coaching and partnerships to help businesses navigate growth and international expansion. Notably, Bpifrance has participated in significant transactions within the mental health services context, such as the funding of Callyope, an AI-based mental health monitoring company that secured €2.2 million in equity funding in a growth round. This involvement highlights Bpifrance's commitment to supporting innovations in mental health services, alongside its broader investment strategy.


5. Octopus Ventures

  • Website: octopusventures.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2008
  • Headcount: 51-200
  • Number of deals in 2024: 37
  • LinkedIn: octopus-ventures

Octopus Ventures is a London-based venture capital firm founded in 2008, focusing on backing founders and startups across various sectors, including Health, B2B Software, Bio, Climate, Consumer, Deep Tech, and Fintech. They provide funding and strategic support to entrepreneurs, helping them navigate the challenges of building and scaling their businesses. Notably, Octopus Ventures has made significant investments in the mental health services sector, including a Series B funding round for Big Health, which raised £9.15 million to develop new apps and products aimed at improving mental health. They also led a Series B round for HelloSelf, a digital therapy and coaching platform, raising $20 million to expand its network of therapists and services. Additionally, they invested in Quit Genius, a digital therapy program designed to help individuals quit addictions, further showcasing their commitment to mental health solutions.


6. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. The platform promotes diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions relevant to the mental health services sector, including thymia, which raised over $1.4 million in July 2023 for its mental health assessment tools. Additionally, Plumm, which focuses on mental health support, has also raised funds through Crowdcube in previous years. These transactions highlight Crowdcube's active role in supporting mental health initiatives, making it a significant player in this space.


7. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Among its notable transactions, Almi has invested in several companies related to mental health services, including Mindmore, which raised $1,344,982 in a seed round in June 2021, focusing on mental health solutions. Other relevant investments include Learning To Sleep and Ahum, which also align with mental health services, showcasing Almi's active role in this sector.


8. Novo Holdings

  • Website: novoholdings.dk
  • Type: Venture Capital
  • Headquarters: Hellerup, Denmark
  • Founded year: 1999
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: novo-a-s

Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, founded in 1999. It manages the assets of the Novo Nordisk Foundation and focuses on investing in life science companies at various stages of development. Novo Holdings provides capital and strategic support to enhance healthcare solutions. Among their notable transactions, they participated in a $103 million Series A financing round for Reunion Neuroscience, which is developing treatments for postpartum depression and other psychiatric conditions. They also invested in Octave, which raised $52 million to expand its mental health services across the United States. These investments highlight Novo Holdings' commitment to supporting innovations in mental health services, alongside their broader focus on life sciences.


9. Enterprise Ireland


Enterprise Ireland is a public entity that serves as the Irish government's enterprise development agency, founded in 1998. It supports Irish businesses at all stages of their growth journey by providing funding, advisory services, and market access assistance. The agency focuses on helping companies scale and compete internationally across various industries, including technology and manufacturing. Notably, Enterprise Ireland has been involved in several transactions relevant to mental health services, such as their investment in Lua Health, which raised €500K to develop AI solutions for mental health detection, and their funding of The Turning Institute, which secured €300,000 to create a program for individuals with bulimia and binge-eating disorders. These investments highlight their engagement in the mental health sector, alongside their broader investment strategy.


10. Bgf

  • Website: bgf.co.uk
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 53
  • LinkedIn: bgfinvestments

BGF Investment Management Limited is a venture capital firm based in London, England, founded in 2011. The firm focuses on providing growth funding and value creation support to small and mid-sized businesses in the UK and Ireland. BGF addresses the funding gap in the market through minority investments and extensive support services. Notably, BGF has invested in Kooth, a London-listed digital mental health platform, contributing £3 million to a £10 million funding round aimed at expanding their operations in the US. Additionally, BGF has invested in Dolphin Homes, a specialist care provider for young adults with complex health needs, showcasing their commitment to supporting businesses that enhance mental health and wellbeing. Other investments include Medigold Health, which provides corporate wellbeing services, and Antser, a social care business, further highlighting BGF's engagement in sectors related to mental health services.


11. SoftBank Investment Advisers


SoftBank Investment Advisers, also known as SoftBank Vision Fund, is a venture capital fund based in London, England, founded in 2017. The fund specializes in investing in technology-focused companies, particularly those innovating in artificial intelligence and health tech. Among its diverse portfolio, SoftBank has made significant investments in the mental health services sector. For instance, they led a $300 million Series C investment in Cerebral, a company focused on providing accessible mental health care, which has raised a total of $462 million to date. Additionally, they participated in a $75 million Series C funding round for Big Health, a company dedicated to developing digital therapeutics for mental health, aiming to enhance their commercial reimbursement model and product offerings. These transactions highlight SoftBank's engagement in the mental health space, showcasing their commitment to fostering advancements in this critical area of health care.


12. Novartis

  • Website: novartis.com
  • Type: Corporate
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1996
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: novartis

Novartis AG is a leading pharmaceutical company based in Basel, Switzerland, founded in 1996. The company is dedicated to developing and manufacturing innovative medicines that address serious diseases across various therapeutic areas. With a strong emphasis on research and development, Novartis aims to improve patient outcomes globally. In recent years, Novartis has made strategic investments in companies that align with its mission to enhance healthcare. Notably, they participated in Holmusk's Series B funding round, raising $45 million in January 2023, which focuses on mental health analytics. They also invested in Holmusk during a previous venture round in December 2021. Furthermore, Novartis was involved in the Series A funding of NuvoAir, a company that is expanding its digital care platform, which may include mental health applications. These transactions highlight Novartis's active role in the mental health services sector, alongside their broader pharmaceutical interests.


13. Ananda Impact Ventures

  • Website: ananda.vc
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: anandaventures

Ananda Impact Ventures is an impact investment firm based in Munich, Bavaria, Germany, founded in 2010. The firm focuses on supporting early-stage companies that aim to create significant social and environmental impact. They provide both investment and strategic support to entrepreneurs across various sectors, including healthcare, education, and sustainability. Notably, Ananda Impact Ventures has invested in Ieso Digital Health, a UK-based platform for online mental healthcare, which raised $52.5 million in a Series B funding round in November 2021. This investment highlights their commitment to advancing mental health services through innovative technology. Additionally, Ieso has previously raised funds to expand its operations and enhance therapist education, further emphasizing the firm's involvement in the mental health sector. Other investments, such as in voiio, also reflect their interest in healthcare solutions, reinforcing their relevance in the mental health services industry.


14. IBB Ventures


IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in early-stage financing and has invested in over 270 startups, providing not only funding but also expertise and resources to help these businesses thrive. In recent years, IBB Ventures has shown a particular interest in the mental health services sector, participating in significant funding rounds for companies such as Selfapy, which focuses on digital therapeutics for mental health disorders, and Likeminded, which offers a B2B digital mental health solution. Additionally, they invested in Flow Lab, a mental fitness startup, further demonstrating their engagement in the mental health space. Through these investments, IBB Ventures is contributing to the growth and development of innovative mental health solutions in the market.


15. The National Lottery Community Fund


The National Lottery Community Fund is a not-for-profit organization based in London, England, that provides funding and grants to community projects across the UK. Founded in 2004, it aims to support initiatives that address social needs and improve community welfare, funded by contributions from National Lottery players. In recent years, the Fund has been involved in several transactions that specifically target mental health services. For instance, it provided £10,000 to Lancashire Mind to support youth mental health coaching in Pendle, and £98,927 to Brecon and District Mind for their Mums Matter courses, which focus on mental health support for mothers. Additionally, the Fund has supported projects like Acehounds, which uses animal therapy to help vulnerable individuals, showcasing its commitment to enhancing mental health services within the community.



Mental Health Services Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
DigitalHealth.LondonLondon, England, United Kingdom (UK)11-5020161
SBRI HealthcareTwickenham, England, United Kingdom (UK)11-5020093
Calm/StormVienna, Vienna, Austria1-10202013
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
Octopus VenturesLondon, England, United Kingdom (UK)51-200200837
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
AlmiStockholm, Stockholm, Sweden201-50019947
Novo HoldingsHellerup, Denmark51-200199945
Enterprise IrelandDublin, Dublin, Ireland501-1000199848
BgfLondon, England, United Kingdom (UK)51-200201153
SoftBank Investment AdvisersLondon, England, United Kingdom (UK)201-500201714
NovartisBasel, Basel, Switzerland10001+19967
Ananda Impact VenturesMunich, Bavaria, Germany11-5020106
IBB VenturesBerlin, Berlin, Germany11-50199718
The National Lottery Community FundLondon, England, United Kingdom (UK)501-100020044


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