The mental health industry in Benelux is rapidly evolving, driven by increasing awareness and demand for quality mental health care. Organizations range from established providers of traditional psychotherapy to innovative startups offering digital solutions like teletherapy and mental wellness apps. Companies are also developing unique therapies, addressing issues from ADHD to anxiety disorders. With technology integrated into treatment models, the industry's future looks bright, aiming for improved accessibility and outcomes for those in need. Notably, the region benefits from various funding opportunities that encourage growth and innovation in mental health services.


This list features 16 significant investors in the Benelux mental health sector, including venture capital firms, corporates, and private equity players. They range in size from small teams to large entities and operate across key locations like Amsterdam, Brussels, and Luxembourg. Founded between 1948 and 2020, these investors collectively engaged in a total of over 300 deals in 2024. Their varied investment approaches target innovations that enhance mental health care delivery and outcomes, showcasing a commitment to nurturing advancements in this crucial segment.


Top 16 Mental Health Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship throughout Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. In recent years, the EIC has been active in funding projects related to mental health, such as Brainhero, which received a grant in December 2022, and NeuroKaire, which raised over $2.7 million in a grant in March 2022. These investments highlight the EIC's commitment to fostering innovation in the mental health sector, alongside its broader mission to support diverse technological advancements.


2. Gilde Healthcare


Gilde Healthcare is a venture capital firm based in Utrecht, Netherlands, specializing in healthcare investments. Founded in 1982, the firm manages over €2.6 billion across two fund strategies: Venture & Growth and Private Equity. Gilde Healthcare focuses on innovative healthtech and therapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notably, Gilde Healthcare has participated in significant funding rounds for Big Health, a company dedicated to developing digital therapeutics aimed at improving mental health. They were involved in both the Series B and Series C funding rounds for Big Health, which raised $39 million in June 2020 and $75 million in January 2022, respectively. This involvement highlights Gilde Healthcare's interest in supporting advancements in mental health solutions, alongside their broader healthcare investment strategy.


3. Life Sciences Partners (LSP)

  • Website: lspvc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1987
  • Headcount: 11-50
  • Number of deals in 2024: 15
  • LinkedIn: lsp-bioventures

Life Sciences Partners (LSP) is a venture capital firm based in Amsterdam, Netherlands, specializing in private equity investments within the healthcare sector. Founded in 1987, LSP connects investors with innovative healthcare companies, focusing on drug development and medical technology. The firm aims to foster advancements in healthcare that address unmet medical needs. Among their notable transactions, LSP invested in Cybin, which raised over $33 million in Series B funding, indicating their interest in companies that may be developing treatments for mental health conditions. Additionally, LSP's investment in AviadoBio, which is working on therapies for frontotemporal dementia, highlights their engagement in the mental health space. This commitment to funding innovative healthcare solutions positions LSP as a relevant player in the mental health investment landscape.


4. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In the mental health context, Exor has made significant investments in companies like Serenis Health, which provides accessible mental health and psychotherapy services, and Matter Neuroscience, which is engaged in research related to happiness and mental health. These transactions highlight Exor's active role in supporting the mental health industry, alongside its broader investment strategy.


5. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB aims to support sustainable projects across various sectors, promoting growth and job creation for both public and private organizations. In recent years, EIB has been involved in several transactions relevant to the mental health sector, such as providing debt financing to Sidekick Health, which raised approximately $39.8 million for its digital health solutions aimed at chronic conditions, including mental health. Additionally, EIB invested in INBRAIN Neuroelectronics, which raised around $21.5 million and focuses on neurotechnology that can impact mental health treatments. These transactions highlight EIB's engagement in the mental health industry, making it a significant player in this space.


6. Forbion

  • Website: forbion.com
  • Type: Venture Capital
  • Headquarters: Naarden, North Holland, Netherlands
  • Founded year: 2006
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: forbion-capital-partners

Forbion is a venture capital firm specializing in the life sciences and bioeconomy sectors, founded in 2006 and based in Naarden, North Holland, Netherlands. The firm provides investment management and support to biotech companies, helping them develop innovative therapies and technologies. Forbion collaborates with entrepreneurs and academic institutions to address unmet medical needs and improve patient outcomes. Notably, Forbion participated in a $157 million Series B financing round for Engrail Therapeutics, which focuses on advancing treatments for neuropsychiatric and neurodevelopmental disorders. This involvement highlights Forbion's commitment to supporting innovations in mental health. Additionally, their diverse portfolio includes investments in various biotech firms, showcasing their broad expertise in the life sciences.


7. Healthy.Capital

  • Website: healthy.capital
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: healthydotcapital

Healthy.Capital is a venture capital firm based in Amsterdam, North Holland, founded in 2017. The firm specializes in investing in early-stage startups that focus on digital health solutions, aiming to improve healthcare through innovative technologies. In 2024, Healthy.Capital has already made two investments, including a notable pre-seed investment in Roott, a digital healthcare platform that could potentially address mental health needs. Additionally, they participated in a seed round for VRelax, which may also have relevance in the mental health space. Their previous investments include Nori Health, MiGuide, and Orikami.nl, all of which are involved in digital health, further emphasizing their focus on improving healthcare outcomes, including mental health.


8. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, with a strong focus on healthcare and life sciences. M Ventures provides funding and strategic guidance to startups, helping them achieve commercial success. Among their notable transactions, M Ventures has invested in Akili Interactive Labs, a company that develops prescription digital medicine for pediatric ADHD, participating in Series C and Series D funding rounds. They also led a Series A financing round for Sonde Health, an AI-enabled voice technology platform aimed at health monitoring, which could have implications for mental health assessments. These investments highlight M Ventures' engagement in the mental health sector, supporting innovative solutions that address mental health challenges.


9. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity that acts as an investment company for the Flemish government, founded in 2001. It provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. PMV has been involved in several transactions relevant to the mental health context, including investments in Neuroventis, which raised $1,190,140 in a seed round in March 2021, focusing on neurological disorders, and reMYND, which raised significant amounts in Series B funding in both 2018 and 2021, targeting treatments for neurodegenerative diseases. These investments highlight PMV's commitment to supporting innovation in the mental health sector.


10. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities to help startups scale and succeed. Notably, Rockstart has made several investments in the digital health space, which is closely related to mental health. For example, they invested in Medvice Digital Health in 2018, which focuses on health technology solutions. Other relevant transactions include Easy Way to Health, Tinybots, SmartBridge Health, and Fimo Health, all of which are involved in health-related innovations. This diverse portfolio highlights Rockstart's commitment to supporting purpose-driven entrepreneurs who aim to drive positive change in the health sector, including mental health.


11. Holland Capital

  • Website: hollandcapital.nl
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1981
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: holland-venture

Holland Capital is a venture capital and private equity investment firm based in Amsterdam, Netherlands, founded in 1981. The firm specializes in providing growth financing and buy-out capital to small and medium-sized enterprises across various sectors, including technology, healthcare, and agrifood. With over 40 years of experience, Holland Capital actively supports its portfolio companies to achieve optimal growth. Notably, they have invested in Karify, a company that raised funds in both Seed and Series A rounds, focusing on mental health solutions. This investment highlights their engagement in the mental health industry, alongside other healthcare ventures such as Zorgverlening PGZ, Opdidakt, and Highcare, which may also have implications for mental health services.


12. s16vc - Founders for Founders Fund

  • Website: s16vc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: s16vc

s16vc - Founders for Founders Fund is a venture capital firm based in Amsterdam, Netherlands, founded in 2020. The firm focuses on providing advisory services to companies, emphasizing the importance of hiring advisors for management and strategy. In addition to their consulting services, s16vc has been actively investing in various sectors, including mental health. They have participated in significant funding rounds for companies such as Circles, which raised $8 million for online group support, and Paloma Health, which secured funding in the health sector. Their investment in Awell Health, a digital health platform, further highlights their commitment to health innovation. Overall, s16vc demonstrates a clear interest in supporting ventures that contribute to mental health and well-being.


13. Noaber

  • Website: noaber.com
  • Type: Corporate
  • Headquarters: Ede, Gelderland, Netherlands
  • Founded year: 2000
  • Headcount: 11-50
  • LinkedIn: noaber-foundation

Noaber Foundation is a not-for-profit organization based in Ede, Gelderland, Netherlands, founded in 2000. It focuses on driving change and improving health outcomes through various health improvement programs and social initiatives aimed at addressing systemic health issues. The foundation collaborates with healthcare organizations and communities to promote healthier lifestyles and enhance social health. Notably, Noaber has participated in funding rounds for companies like Sweetch, which raised $20 million in a Series A round to develop behavioral science technology, indicating a direct interest in mental health-related innovations. Additionally, Noaber has invested in other startups like Elsa and Fundis, which may also contribute to health improvement, although their specific focus on mental health is less clear. Overall, Noaber's investment activities reflect a commitment to health improvement, including mental health.


14. Mangrove Capital Partners


Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, specializing in early-stage investments in innovative technology companies. With a team size of 11-50, they provide financial support and strategic guidance to entrepreneurs, particularly in sectors like digital health and education tech. Notably, they have been involved in multiple funding rounds for K Health, an AI personalized care startup that focuses on providing accessible healthcare solutions, including mental health services. K Health has raised substantial amounts, including $88.4 million in 2024 and $59 million in 2023, demonstrating Mangrove's active role in fostering growth in the digital health ecosystem, which encompasses mental health solutions.


15. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm based in Luxembourg, founded in 2015. The firm specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe, helping them to grow and succeed in competitive markets. Notably, SGH has participated in several transactions relevant to the health sector, including Maven Clinic, a telemedicine startup focused on women's health, which raised $2.2 million in seed funding. This investment highlights SGH's interest in health-related ventures. Additionally, they have invested in other health-related companies such as CareSkore and Blueberry Pediatrics, indicating a broader interest in the healthcare space, which may include mental health services.


16. Market One Capital

  • Website: moc.vc
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: m1c

Market One Capital is a venture capital firm based in Luxembourg, founded in 2017. The firm specializes in investing in innovative startups across various sectors, including FinTech, HealthTech, and AgriTech. They provide financial backing and strategic support to help these businesses grow and succeed in their respective markets. Notably, Market One Capital has been actively involved in the mental health space, particularly through their investments in Mindgram, a Warsaw-based employee mental wellness app. They participated in Mindgram's funding rounds, including a €7 million seed round in 2022 and a Series A round in 2024, demonstrating their focus on supporting mental health initiatives. Additionally, they invested in Jutro Medical, which, while not explicitly a mental health company, operates within the broader HealthTech sector.



Mental Health Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
Life Sciences Partners (LSP)Amsterdam, North Holland, Netherlands11-50198715
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
European Investment Bank (EIB)Luxembourg1001-5000195899
ForbionNaarden, North Holland, Netherlands11-50200623
Healthy.CapitalAmsterdam, North Holland, Netherlands1-1020172
M VenturesAmsterdam, North Holland, Netherlands11-50200918
PmvBrussels, Brussels, Belgium51-200200111
RockstartAmsterdam, North Holland, Netherlands11-50201116
Holland CapitalAmsterdam, North Holland, Netherlands11-5019813
s16vc - Founders for Founders FundAmsterdam, North Holland, Netherlands11-5020207
NoaberEde, Gelderland, Netherlands11-5020000
Mangrove Capital PartnersLuxembourg11-5020005
SghLuxembourg1-1020153
Market One CapitalLuxembourg11-5020177


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