# HelloBetter

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hellobetter

- Industry: Healthcare IT
- Headquarters: Hamburg, Germany
- Website: www.hellobetter.de
- Total disclosed funding: $31M
- Latest round: Series A (Nov 12, 2024)
- Investors on record: 9

## About

HelloBetter, based in Germany, offers scientifically validated online therapy programs that provide psychological support directly to users through healthcare providers. The company focuses on addressing various mental health issues effectively and accessibly.Founded in 2015 and headquartered in Hamburg, Germany, HelloBetter specializes in online therapeutic solutions aimed at enhancing mental health. The company has successfully completed 8 deals, with its most recent funding round occurring on November 12, 2024. During this Series A round, HelloBetter raised EUR 6.000 mn, led by XAnge with participation from Dieter von Holtzbrinck Ventures and other returning investors. Founders include Amit Gupta, David Ebert, Elena Heber, Hanne Horvath, Hannes Klöpper, Johannes Schatz, Philip Ihde, and Pierre Cantegril, with CEO Hannes Klöpper at the helm.HelloBetter provides a range of scientifically validated online therapy programs designed to deliver psychological support directly to users, accessible via prescription from healthcare providers. Their core offerings include programs targeting issues such as stress and burnout, sleep disturbances, panic attacks, chronic pain, vaginismus, and emotional challenges related to diabetes. Each program is structured to include 6 to 9 sessions, each approximately one hour long, allowing users to integrate therapy into their daily routines over a maximum of 12 weeks. With these offerings, HelloBetter aims to serve a diverse clientele, including patients referred by their general practitioners and psychotherapists, primarily within German-speaking markets, where healthcare is covered by insurance plans. The programs are designed to be user-friendly, utilizing a digital format that allows for real-time tracking of progress and personalized feedback from licensed psychologists.HelloBetter's revenue is primarily generated through a B2B2C model, where healthcare providers prescribe the company's digital health applications, which are subsequently covered by health insurance. Upon receiving a prescription, users can access the therapy programs at no cost, as these are classified as Digital Health Applications (DiGA) and reimbursed by statutory health insurance in Germany. The transaction structure hinges on partnerships with healthcare providers, enabling direct access to consumers who seek online therapeutic options. While specific pricing details for individual programs are not disclosed, the programs are designed to align with Germany's healthcare reimbursement framework, ensuring accessibility for patients experiencing various psychological issues. The company's innovative approach and reliance on rigorous clinical research further distinguish its offerings in the digital therapy landscape.In November 2024, HelloBetter raised EUR 6.000 mn in Series A funding led by new investor XAnge, with participation from Dieter von Holtzbrinck Ventures and other returning investors. The company will utilize this funding to support expansion plans in Germany and to drive product innovations. Future initiatives include the development of new therapeutic programs and potential geographic expansion into additional German-speaking markets.

## Funding rounds

- Series A, Nov 12, 2024, $6.4M — HealthCap, XAnge, Dieter von Holtzbrinck Ventures, MassMutual Ventures, Expon Capital, Campione Ventures
- Series A, Aug 17, 2023, $5.4M — HealthCap, MassMutual Ventures, Expon Capital, HSBC Asset Management
- Series A, Feb 15, 2023, $7.5M — HealthCap, MassMutual Ventures, Expon Capital, Hevella Capital, Sparrow Ventures
- Series A, Mar 10, 2022, $4.4M — HealthCap, MassMutual Ventures, Expon Capital, Sparrow Ventures
- Series A, Sep 22, 2021, $7M — HealthCap, Expon Capital, Hevella Capital, Sparrow Ventures

## Investors

- HealthCap — Series A
- Expon Capital (https://capitalatlas.ai/funds/expon-capital) — Series A
- Hevella Capital — Series A
- Sparrow Ventures (https://capitalatlas.ai/funds/sparrow-ventures) — Series A
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series A
- HSBC Asset Management (https://capitalatlas.ai/funds/hsbc-asset-management) — Series A
- XAnge (https://capitalatlas.ai/funds/xange) — Series A
- Dieter von Holtzbrinck Ventures (https://capitalatlas.ai/funds/dieter-von-holtzbrinck-ventures) — Series A
- Campione Ventures — Series A