The mental health industry in the DACH region is gaining significant attention as the demand for accessible mental health solutions rises. Various companies—from telehealth platforms and digital therapy apps to data-driven health solutions—are actively working to enhance therapeutic support. Many startups focus on technology-driven interventions that cater to both individuals and organizations. This shift towards digital services has led to increased investment in innovative therapies and platforms. The trend points to a future where mental health is prioritized as part of holistic wellbeing, facilitating improved care and accessibility across diverse populations.


In 2024, the DACH region saw a vigorous investment in mental health from diverse venture capital firms, ranging from younger, nimble organizations to established funds. Notable firms like IBB Ventures and Speedinvest have been active, showcasing a range of investment sizes and stages. With an interest in tech-enabled startups, these investors are strategically positioned to harness the potential in a sector that merges healthcare innovation with economic opportunity. Founded between 1996 and 2018, these firms represent a blend of expertise and fresh perspectives in mental health investing.


Top 16 Mental Health Investors in DACH


1. 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. Among their notable transactions, Calm/Storm has invested in Thymia, a London-based startup that utilizes video game-inspired AI technology to enhance mental health assessments. They participated in both a pre-seed and a seed funding round for Thymia, highlighting their commitment to mental health innovation. Additionally, they were involved in the funding of Mindstep, a tech-enabled neurological healthcare business, further showcasing their interest in health-related technologies. Their portfolio reflects a dedication to addressing sensitive health issues, particularly in the mental health domain.


2. 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 notable investments in the mental health sector, including a significant investment in Holmusk, which raised $45 million in Series B funding in January 2023. Holmusk focuses on leveraging data analytics to enhance mental health care and chronic disease management. Additionally, Novartis participated in earlier funding rounds for Holmusk, indicating a sustained interest in mental health innovation. They also invested in NuvoAir, which raised $12 million in Series A funding to expand its digital care platform, further supporting decentralized clinical trials that can include mental health applications. These transactions highlight Novartis's commitment to advancing mental health solutions through strategic investments.


3. 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 competitive markets. Among their notable transactions, IBB Ventures has invested in several companies within the mental health space, including Selfapy, which focuses on developing digital therapeutics for mental health disorders, and Flow Lab, a startup dedicated to mental fitness. They also participated in funding for Likeminded, a B2B digital mental health solution provider. These investments highlight IBB Ventures' commitment to supporting innovative solutions in the mental health industry.


4. 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 has been involved in significant transactions within the mental health space, such as their investment in Ieso Digital Health, which raised $52.5 million in a Series B funding round to scale its AI-based chat therapy platform. This investment highlights Ananda's commitment to enhancing mental health services through innovative technology. Additionally, their support for Ieso's growth and expansion into new markets further underscores their focus on impactful healthcare solutions.


5. Novartis Venture Fund

  • Website: nvfund.com
  • Type: Venture Capital
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1996
  • Headcount: 11-50
  • Number of deals in 2024: 10

The Novartis Venture Fund is a venture capital firm based in Basel, Switzerland, specializing in life sciences investments. Founded in 1996, the fund focuses on providing funding and support to innovative biotechnology and biopharmaceutical companies, helping them develop novel therapeutics and address unmet patient needs. Notably, the fund has participated in several significant transactions relevant to mental health. For example, in 2017, they co-led a $11 million Series A round for Lemonaid Health, a company that offers telehealth services, which can include mental health support. In 2019, they were involved in a $50 million Series C funding for Cala Health, a company that develops neuromodulation therapies, which may have applications in mental health. Furthermore, their investment in Kedalion Therapeutics highlights their commitment to advancing healthcare technologies, potentially including those that address mental health challenges. Overall, the Novartis Venture Fund is actively engaged in the life sciences sector, with investments that may intersect with mental health initiatives.


6. APX Talent Pool

  • Website: apx.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: apx-talent-pool

APX Talent Pool is a venture capital firm based in Berlin, founded in 2018, that specializes in earliest-stage investments in startups with digital business models. Backed by prominent entities such as Axel Springer and Porsche, APX provides funding and growth assistance to ambitious pre-seed startups, helping them navigate the challenges of launching and scaling their businesses. Among their notable transactions, APX participated in a funding round for Flow Lab, a Berlin-based mental fitness startup, which raised €1 million with APX's involvement. They also invested in eaze, a healthtech startup that closed a €1.7 million pre-seed funding round, indicating their engagement in health-related ventures. These transactions highlight APX's commitment to supporting innovations in the mental health sector, alongside their broader investment strategy.


7. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these startups scale their operations. Speedinvest's focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. They leverage a vast network of industry experts to assist their portfolio companies. Notably, Speedinvest has made significant investments in the mental health space, including a seed round for nilo.health, which aims to enhance its global provider network for mental health services. They also invested in juli, an AI-powered digital health platform, and participated in funding rounds for Fertifa, a reproductive health startup that may address mental health aspects related to reproductive health. These transactions highlight Speedinvest's active role in supporting innovations that can impact mental health.


8. Redstone


Redstone is a venture capital firm based in Berlin, Germany, founded in 2014. The firm specializes in investing in technology startups across various sectors, including FinTech, Industrial, Sustainability, and Quantum. Redstone provides investment management services and conducts research on the venture capital landscape, particularly focusing on the participation of pension funds in the startup ecosystem. In recent years, Redstone has made significant investments in the healthtech sector, particularly in mental health-related companies. They led a pre-seed funding round for eaze, a Berlin-based healthtech startup, which aims to enhance customer acquisition and develop AI technologies for wellness solutions. Additionally, they participated in the seed funding for Aris4Autism, a company dedicated to addressing autism-related challenges. Their involvement in Flow Neuroscience, which focuses on developing treatments for depression, further highlights their commitment to mental health innovation. Overall, Redstone's diverse portfolio and active engagement in mental health startups position them as a relevant player in this sector.


9. Atlantic Labs

  • Website: atlanticlabs.de
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 13
  • LinkedIn: atlantic-labs

Atlantic Labs is a venture capital firm based in Berlin, Germany, founded in 2013. The firm is dedicated to supporting exceptional, mission-driven founders throughout their entrepreneurial journey. They focus on investing in startups across various sectors, including climate tech, AI, and digital health, providing both capital and strategic guidance to help these businesses grow. Notably, Atlantic Labs has invested in several mental health-related companies, including Meditopia, which raised $15 million in a Series A round in July 2020 and $2.5 million in a Seed round in August 2019. Additionally, they participated in the funding rounds for nilo.health, a company that aims to expand its global provider network for mental health services, contributing to a Pre-Seed round of $1,074,370 in November 2020 and a Seed round of $8 million in May 2022. They also invested in Caspar Health, which raised $10,649,778 in a Series B round in July 2021, further emphasizing their engagement in the digital health space, including mental health solutions.


10. Leaps by Bayer

  • Website: leaps.bayer.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: leapsbybayer

Leaps by Bayer is a venture capital firm based in Berlin, Germany, founded in 2015. The firm focuses on biotechnology and agriculture, investing in early-stage companies that pursue scientific breakthroughs to tackle major global challenges in health and food security. Notably, Leaps by Bayer has made strategic investments in the mental health sector, including a significant investment in Woebot Health, which raised $9.5 million to develop a therapy chatbot aimed at providing mental health support. This investment highlights their commitment to innovative health solutions. Additionally, they have participated in other funding rounds for companies like Transcarent, which, while primarily focused on healthcare services, may also intersect with mental health initiatives. Overall, Leaps by Bayer's investment strategy supports the development of innovative solutions in health, including mental health.


11. Seedstars

  • Website: seedstars.com
  • Type: Venture Capital
  • Headquarters: Carouge, Geneva, Switzerland
  • Founded year: 2012
  • Headcount: 201-500
  • Number of deals in 2024: 6
  • LinkedIn: seedstars

Seedstars is an investment and education company based in Carouge, Geneva, Switzerland, founded in 2012. The firm focuses on supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and the operation of entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Notably, Seedstars has invested in mental health-related startups such as Shezlong, which raised $50,000 in a seed round in October 2019, and doc-doc, which has received multiple rounds of funding totaling $830,000. Additionally, they have supported Zuri Health, which raised $100,000 in a grant in November 2022, further emphasizing their engagement in the health sector.


12. HBM Healthcare Investments AG


HBM Healthcare Investments AG is a venture capital firm based in Zug, Switzerland, specializing in the healthcare sector. Founded in 2001, the firm manages a diversified portfolio of healthcare companies, focusing on human medicine, biotechnology, medical technology, and diagnostics. Notably, HBM has participated in significant funding rounds for companies like Aculys Pharma, which raised funds for a sleep disorder candidate, highlighting their involvement in mental health-related investments. Additionally, they have invested in connectRN, a nurse staffing app, which, while not directly a mental health company, operates within the healthcare ecosystem that supports mental health services. HBM Healthcare Investments aims to provide growth opportunities in the rapidly evolving healthcare market, making them a relevant player in the mental health investment landscape.


13. Picus Capital

  • Website: picuscap.com
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: picus-capital

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. They provide not only capital but also strategic guidance and HR support to empower entrepreneurs in building sustainable category leaders globally. Notably, Picus Capital has been involved in significant transactions within the healthcare space, particularly with Reliance Health, a Nigerian e-health business. They participated in a $40 million Series B funding round for Reliance Health in February 2022, which highlights their interest in healthcare innovation. Additionally, they were involved in earlier funding rounds for Reliance Health, including a $6 million Series A in January 2020 and a $50,000 seed round in March 2017. These transactions demonstrate Picus Capital's engagement in the healthcare sector, which can encompass mental health services.


14. Sictic

  • Website: sictic.ch
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2014
  • Headcount: 201-500
  • Number of deals in 2024: 77
  • LinkedIn: sictic

Sictic is a not-for-profit venture capital organization based in Zurich, Switzerland, founded in 2014. It connects smart money investors with innovative Swiss early-stage technology startups, providing investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. In 2024, Sictic has been particularly active, with 77 investments, including notable transactions in the health sector. One of their key investments is in 'Health Yourself', which raised $522,359 in a Seed Round in August 2024, indicating a direct involvement in the mental health space. Other transactions include investments in startups like YLAH, Gossik, Cada, and VAY, showcasing a diverse portfolio that may include health-related technologies.


15. Verve Ventures

  • Website: verve.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: investiere-venture-capital

Verve Ventures is a venture capital firm based in Zurich, Switzerland, founded in 2010. The firm specializes in deep tech investments across Europe, providing funding and strategic support to science and technology startups. Their focus spans various sectors, including climate tech, industrial technology, and health & bio. Notably, Verve Ventures has made significant investments in the mental health space, including leading a €7.5 million Series A funding round for Sympatient, a digital health startup that aims to enhance treatment for anxiety disorders. Additionally, they participated in funding for Poppins, a healthtech company dedicated to treating children's neurodevelopmental disorders, further demonstrating their commitment to mental health initiatives. With 25 investments in 2024 alone, Verve Ventures is actively supporting innovative companies that contribute to the health and wellness sector.


16. Wellington Partners


Wellington Partners is a venture capital firm based in Munich, Bavaria, Germany, founded in 1998. The firm specializes in life sciences and invests in early- and growth-stage companies, providing both capital and strategic support to entrepreneurs. Their focus spans various sectors, including therapeutics and medical devices. Notably, Wellington Partners has made significant investments in the mental health space, including leading a €30 million Series A funding round for Koa Health, a digital mental healthcare provider, and participating in funding rounds for Sidekick Health, a digital therapeutics company. Additionally, they co-led a €4.5 million Seed Round for nyra health, further emphasizing their engagement in mental health-related ventures. These transactions highlight their role in advancing mental health technologies and solutions.



Mental Health Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Calm/StormVienna, Vienna, Austria1-10202013
NovartisBasel, Basel, Switzerland10001+19967
IBB VenturesBerlin, Berlin, Germany11-50199718
Ananda Impact VenturesMunich, Bavaria, Germany11-5020106
Novartis Venture FundBasel, Basel, Switzerland11-50199610
APX Talent PoolBerlin, Berlin, Germany11-5020187
SpeedinvestVienna, Vienna, Austria51-200201145
RedstoneBerlin, Berlin, Germany11-50201414
Atlantic LabsBerlin, Berlin, Germany11-50201313
Leaps by BayerBerlin, Berlin, Germany11-50201516
SeedstarsCarouge, Geneva, Switzerland201-50020126
HBM Healthcare Investments AGZug, Zug, Switzerland1001-500020018
Picus CapitalMunich, Bavaria, Germany11-50201528
SicticZurich, Zurich, Switzerland201-500201477
Verve VenturesZurich, Zurich, Switzerland11-50201025
Wellington PartnersMunich, Bavaria, Germany11-5019989


Want to find more investors focusing on the mental health industry?

If you want to find more investors that are active in the mental healthindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!