Virtual Therapy Startup HelloSelf Raises $20 Million

The Series B funding was led by Octopus Ventures, with participation from returning investors.

Image credit: Pexels

UK-based digital therapy and coaching platform HelloSelf announced that it raised $20 million in Series B funding, which will help the company expand its platform. The round was led by Octopus Ventures, with participation from returning investors such as Omers, Mantaray, and Oxford Capital. Similar companies have garnered significant interest from investors, payers, and providers alike. In February, Headway secured “unicorn” status following a reported $100 million funding round.

HelloSelf aims to use the money to further grow its network of trusted therapists, members, and partners across the UK and Europe.

Read more: Alphabet’s Verily Raises $1 Billion for Funding

"There are over 1.2 billion people who are underserved globally, so with this investment and the trust of our network, we can accelerate HelloSelf's impact across the UK and beyond," said CEO Charles Wells.

Rumina Taylor, the company's chief clinical officer, said: "We are driven to improve access to personalized psychological interventions and support our members to be proactive in looking after their wellbeing using meaningful outcomes that last."

HelloSelf links users with clinical psychologists and offers AI-powered online assistance, including chat, tracking, and activities, between sessions through its app as an online therapy and psychological coaching service for people and organizations, including the NHS. “HelloSelf is about giving everyone access to the personalized psychological advice they need. We want to help make Every Self Better,” says Wells.

Before the Series B funding announcement, HelloSelf had raised $11.3 million, according to Crunchbase. In 2022, it secured a pilot program with the United Kingdom’s National Health Service.

Sam Draper
April 19, 2023

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