HelloBetter secures 5 million euros from HSBC Asset Management
HelloBetter, a Hamburg and Berlin-based digital health startup, has announced the expansion of its Series A funding round. In this second round, HelloBetter has received a 5 million euros investment from HSBC Asset Management's Financial Technology Venture Capital, bringing the company's total investment to 12 million euros in 2023.
On a growth course with therapy programs
The company was founded in 2015 by psychologists Prof. Dr. David Ebert, Dr. Hanne Horvath and Dr. Elena Heber. HelloBetter offers ten therapy programs from eight problem areas, which serve both the prevention and treatment of classic mental illnesses such as depression, anxiety or panic disorders, but also cover topics such as vaginismus or chronic pain. So far, four therapy programs from HelloBetter have been approved by the German Federal Institute for Drugs and Medical Devices (BfArM) and are available free of charge on prescription for all adults with health insurance.
The latest capital injection will help HelloBetter further scale its evidence-based mental health products. For example, the money will be used to strengthen sales and marketing efforts and expand data analytics capabilities. HelloBetter also plans to expand into new markets and continue to grow its portfolio of digital therapy programs.
