March 6, 2025 – HelloBetter, a leading digital mental health company, today announced it has secured over €6 million in a mix of cash and media-for-equity. The funding round was led by Mutuelles Impact—a social and environmental impact fund dedicated to health and social care, initiated by Mutualité Française and managed by XAnge (Siparex Group) in partnership with Investir&+—with participation from MMV, HealthCap, Expon, and DVH Ventures. This new round brings HelloBetter’s total funding to €31 million. The announcement follows a recent €3 million non-dilutive grant aimed at developing a mental wellness solution powered by artificial intelligence.
Strategic Expansion into the French Market
One of HelloBetter’s top priorities for 2025 is expanding into the French market. Thanks to its strategic partnership with Mutuelles Impact, HelloBetter will be able to launch pilot programs and build long-term collaborations—marking the company’s first move outside the DACH region.
Through these partnerships, members will gain broader access to HelloBetter’s digital mental health offerings. In addition to its existing portfolio of digital therapeutics, the company will introduce its new AI-driven products to partners. HelloBetter also plans to engage with the Haute Autorité de Santé (HAS) to seek national reimbursement in France.
“This funding will allow us to achieve three key goals: becoming a reference in digital mental health in Germany, launching new innovative products, and—thanks to the support of XAnge and its 65 mutual insurance partners—bringing our proven solutions to the French market.”
“We’re excited to support Germany’s leading prescription digital therapeutics provider in its expansion into France. While the French regulatory framework is still relatively new, it offers strong potential for companies like HelloBetter that have invested early in high-quality clinical research to prove the efficacy of their digital therapies. HelloBetter has also demonstrated its ability to generate significant prescription volume and associated revenues in Germany. We believe the company is well-positioned to continue its growth across Europe”
Building on Proven Success
HelloBetter’s expansion plans are built on a strong foundation of evidence-based digital therapeutics. The company currently offers ten online therapy programs addressing a range of mental health conditions. Six of these have been approved by Germany’s Federal Institute for Drugs and Medical Devices (BfArM) and are part of the country’s standard public healthcare offering. More than 120,000 patients have already benefited from HelloBetter’s programs, underscoring their accessibility and effectiveness.
“As global political tensions rise, conflicts intensify, and social media becomes a breeding ground for unchecked misinformation, the pressure on mental health is perhaps greater than it has been in decades.
People need fast, accessible, and affordable support—and that’s exactly what we aim to provide on a global scale. We are committed to playing a leading role in digital mental health by offering solutions that ensure everyone can access care anytime, anywhere.”
About HelloBetter
HelloBetter is a leader in digital mental health and a global pioneer in digital mental health research. Founded in 2015 by Prof. Dr. David Ebert, Dr. Hanne Horvath, and Dr. Elena Heber, the company has emerged as an innovator in digital therapeutics. HelloBetter offers ten online therapy programs covering common mental health conditions such as depression, insomnia, and panic disorders, as well as underrepresented conditions like vaginismus and chronic pain. Six of these programs have been approved by BfArM and are fully integrated into the German public healthcare system, accessible free of charge to all publicly insured adults as prescription digital therapeutics (PDTx), also known as DiGA. In 2022, HelloBetter expanded internationally with the launch of HelloGina in the U.S. market, a specialized wellness solution for people suffering from vaginismus. The company strengthened its position in 2023 by earning the FDA’s prestigious Breakthrough Device Designation for its digital treatment for panic disorders. HelloBetter’s scientific excellence is supported by a unique evidence base, with 30 randomized controlled trials on its commercial products—most published in peer-reviewed scientific journals. Based in Berlin, Potsdam, and Hamburg, HelloBetter employs over 150 professionals dedicated to advancing digital mental health.
More information: https://hellobetter.de/
About Mutuelles Impact
Mutuelles Impact is a €95 million social and environmental impact fund dedicated to health and social care initiatives. It was launched by Mutualité Française and is managed by XAnge (Siparex Group) in partnership with Investir&+.
About Mutualité Française
A key player in France’s social and solidarity economy, Mutualité Française—chaired by Eric Chenut—represents nearly 500 mutual insurance organizations. Born out of a collective desire to protect against life’s uncertainties, mutuals are non-profit organizations governed by elected representatives. They provide social protection to 32 million people in France and work to ensure universal access to care, in collaboration with the national health system.
Mutuals, unions, and groups offer solutions in three main areas: supplementary health insurance, long-term care and disability coverage, and retirement savings. With over 2,900 healthcare and support services across the country, they ensure access to affordable care for all. They are also the leading private actor in health prevention in France, thanks to nationwide initiatives.
About XAnge
XAnge is a BCorp-certified early-stage investment fund with €700 million under management, based in Paris, Berlin, and Brussels. Its investment team supports European entrepreneurs aiming to transform everyday life through technology, investing between €500,000 and €10 million from the seed stage onward. With an investment thesis focused on making technology accessible to the many, XAnge invests in sectors such as deeptech, health, fintech, SaaS, and e-commerce. Notable investments include Lydia (Finance), Welcome to the Jungle (HR), Believe (Music), MrSpex (eCommerce), and Ledger (Cryptocurrencies).
XAnge is the venture brand of the Siparex Group.
More information: www.xange.vc
