The mental health industry in Europe is booming, addressing the rising demand for mental health support and solutions. It includes a range of companies, from innovative startups developing mental health apps to established organizations providing therapeutic services through telehealth. Notably, there's been a shift towards digital tools, with many startups using AI and data analytics to create personalized care plans. Collaborations between tech firms and healthcare providers are common, paving the way for more accessible and effective treatments. As stigma diminishes, this industry is increasingly seen as vital for overall health and well-being, promising continued growth with the expansion of services.


This list features 17 prominent investors across Europe, each contributing to the mental health sector's growth. These investors include venture capital firms, corporate entities, and public organizations based in major cities like London, Paris, and Stockholm. Founded between 1994 and 2020, their investment sizes vary, supporting an array of startups. Collectively, they made 400 deals in 2024, demonstrating a strong commitment to mental health innovation. Their focus spans early-stage and growth companies, reflecting a robust interest in enhancing mental health care solutions throughout Europe.


Top 17 Mental Health Investors in Europe


1. DigitalHealth.London


DigitalHealth.London is a not-for-profit organization founded in 2016, based in London, England. 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, such as My Possible Self, which focuses on mental health support, Dr Julian Medical Group, which provides online mental health consultations, and Tellmi, a platform aimed at improving mental health communication. These transactions highlight DigitalHealth.London's active role in promoting mental health solutions within the healthcare ecosystem.


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, including grants to SilverCloud Health, Ieso Digital Health, and Kooth, which focus on providing digital mental health services and support. These investments highlight SBRI Healthcare's commitment to enhancing mental health care through innovative solutions.


3. 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. They aim to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions relevant to the mental health sector, including a recent investment in Callyope, an AI-based mental health monitoring company that secured €2.2 million in equity funding. Additionally, they have participated in funding rounds for other health-related startups, such as HypnoVR, a digital therapy startup, which raised €4.5 million in a Series A funding round. These transactions highlight Bpifrance's active role in supporting mental health innovations.


4. 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 thrive in the competitive health tech landscape. Among their notable transactions, Calm/Storm has invested in Thymia, a London-based startup that is developing video game-inspired AI technology for mental health, and Mindstep, which is creating a tech-enabled neurological healthcare business. These investments reflect their commitment to addressing sensitive health issues, particularly in the mental health domain.


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 venture capital firm based in London, England, founded in 2008. The firm focuses on backing founders and startups across various sectors, including B2B Software, Bio, Climate, Consumer, Deep Tech, Fintech, and Health. They provide funding and strategic support to entrepreneurs, helping them navigate the challenges of building and scaling their businesses. In the mental health context, Octopus Ventures has made significant investments in companies such as Big Health, which raised $75 million in a Series C funding round to enhance its digital therapeutics platform, and HelloSelf, which secured $20 million to expand its digital therapy and coaching services. Additionally, they led a seed funding round for Mindstep, a startup developing tech-enabled neurological healthcare solutions. These transactions highlight Octopus Ventures' active role in supporting mental health innovations.


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 sector, including thymia, which raised $1,414,607 in July 2023 for its mental health assessment technology. Additionally, Plumm, which focuses on mental health support, raised funds through Crowdcube in multiple rounds, including $241,597 in March 2021 and $162,562 in June 2018. These transactions highlight Crowdcube's active role in supporting mental health initiatives through its crowdfunding platform.


7. 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. The firm provides capital and strategic support to enhance healthcare solutions. In recent years, Novo Holdings has made significant investments in the mental health sector, including a $540 million investment in Noom, a psychology-based digital health platform aimed at behavior change. They also participated in a $52 million Series C funding round for Octave, which is expanding its mental health services across the U.S. Additionally, Novo Holdings invested in MDLIVE, a telehealth provider that offers mental health services, and co-led a $103 million Series A financing for Reunion Neuroscience, which is developing treatments for postpartum depression and other psychiatric conditions. These transactions highlight Novo Holdings' commitment to advancing mental health care.


8. 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 provides loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions. Almi has been involved in several transactions that are particularly relevant to the mental health sector. Notably, they invested in Mindmore, which raised $1,344,982 in a seed round on June 30, 2021, focusing on mental health solutions. Additionally, they participated in funding Learning To Sleep, a company that addresses sleep-related issues, which are closely linked to mental health. These investments highlight Almi's engagement in the mental health industry, alongside their broader focus on supporting SMEs.


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 made significant investments in the mental health sector, such as a €500K pre-seed funding round for Lua Health, which specializes in AI-driven mental health solutions for corporate wellness. Additionally, they supported The Turning Institute with €300,000 to develop an online program for individuals with bulimia and binge-eating disorders. These investments highlight their engagement in the mental health industry, alongside their broader mission to foster business growth in Ireland.


10. 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. Novartis emphasizes research and development to improve patient outcomes globally. In recent years, Novartis has made significant investments in companies that are relevant to mental health. Notably, they participated in Holmusk's Series B funding round, raising $45 million in January 2023, which focuses on mental health data analytics and digital therapeutics. They also invested in Holmusk during a previous venture round in December 2021. Furthermore, Novartis was involved in the Series A funding of NuvoAir, which aims to enhance digital care platforms that can support decentralized clinical trials, potentially including mental health applications. These transactions highlight Novartis's active role in the mental health sector, alongside their broader pharmaceutical interests.


11. SoftBank Investment Advisers


SoftBank Investment Advisers, also known as SoftBank Vision Fund, is a venture capital firm based in London, UK, founded in 2017. The firm specializes in investing in technology-focused companies, particularly those innovating in artificial intelligence and health tech. Among its diverse portfolio, SoftBank has made notable investments in the mental health space, including a $300 million Series C investment in Cerebral, a company dedicated to providing accessible mental health care. Additionally, they led a $75 million Series C funding round for Big Health, which focuses on digital therapeutics for mental health. These transactions reflect SoftBank's commitment to fostering advancements in health technology, particularly in mental health solutions.


12. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, founded in 1958, that supports innovation and entrepreneurship throughout Europe. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in several transactions relevant to mental health, such as Brainhero, which raised funds through a grant in December 2022, and NeuroKaire, which secured over $2.7 million in a grant in March 2022. These investments highlight the EIC's commitment to supporting mental health initiatives alongside its broader innovation goals.


13. 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 operations in the US. They also invested in Medigold Health, which offers occupational health and corporate wellbeing services, and Dolphin Homes, a specialist care provider for young adults with complex health needs. These transactions highlight BGF's commitment to supporting businesses that contribute to mental health and wellbeing.


14. Kima Ventures

  • Website: kimaventures.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2010
  • Headcount: 1-10
  • Number of deals in 2024: 50
  • LinkedIn: kima-ventures

Kima Ventures is a Paris-based venture capital firm founded in 2010, specializing in early-stage investments across various sectors. The firm is known for backing two startups per week, providing not only financial support but also mentorship to help these companies navigate their initial challenges. Among their notable transactions, Kima Ventures has invested in Holly Health, which raised $1,052,242 in a seed round in July 2022, and Oneleaf, a French self-hypnosis app that raised $5.1 million in January 2023. Oneleaf focuses on mental health by assisting users in quitting smoking, losing weight, and improving sleep, showcasing Kima's engagement in the mental health space. Their diverse portfolio also includes investments in health-related startups like Circle Medical, which offers primary care services, further emphasizing their interest in health and wellness.


15. 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 a competitive market. Among their notable transactions, IBB Ventures has invested in Selfapy, a digital health company focused on developing digital therapeutics for mental health disorders, which raised €7m in a financing round. They also backed Flow Lab, a mental fitness startup that raised €1 million, and Likeminded, which provides a B2B digital mental health solution and raised €1.5M in additional funding. These investments highlight IBB Ventures' active role in the mental health industry, alongside their broader investment strategy.


16. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent private equity firm based in Stockholm, Sweden, founded in 1994. The firm specializes in a variety of investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by managing diverse investment portfolios across multiple sectors and geographies. In the healthcare sector, EQT has made significant investments that are relevant to mental health. For instance, they acquired Terveystalo Healthcare in 2013 for over $862 million, a company that provides a wide range of healthcare services, including mental health care. Additionally, their acquisition of MHC Asia Group in 2019 highlights their focus on corporate healthcare benefits, which often include mental health services. Furthermore, their recent investment in Wellhub, which raised $85 million in Series F funding, indicates their ongoing commitment to healthcare innovation, potentially encompassing mental health solutions.


17. 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 2020 and $75 million in 2022, respectively. This involvement highlights Gilde Healthcare's interest in supporting advancements in mental health solutions, alongside their broader healthcare investment strategy.



Mental Health Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
DigitalHealth.LondonLondon, England, United Kingdom (UK)11-5020161
SBRI HealthcareTwickenham, England, United Kingdom (UK)11-5020093
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
Calm/StormVienna, Vienna, Austria1-10202013
Octopus VenturesLondon, England, United Kingdom (UK)51-200200837
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
Novo HoldingsHellerup, Denmark51-200199945
AlmiStockholm, Stockholm, Sweden201-50019947
Enterprise IrelandDublin, Dublin, Ireland501-1000199848
NovartisBasel, Basel, Switzerland10001+19967
SoftBank Investment AdvisersLondon, England, United Kingdom (UK)201-500201714
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
BgfLondon, England, United Kingdom (UK)51-200201153
Kima VenturesParis, Île-De-France, France1-10201050
IBB VenturesBerlin, Berlin, Germany11-50199718
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212


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