Who is Investing In Mental Health Startups?

As I’ve written about before, the mental health startup landscape is growing rapidly. Society is more willing to be vulnerable about mental health and addiction, so we have seen founders flocking to the mental health space. There is an increasing willingness among entrepreneurs to tackle something so intensely personal and previously, “not talked about.”

Though very few investors have a clearly-defined focus on mental health investing, we have seen a surge in investors funding mental health startups. Leveraging our initial research on the startup landscape, I have compiled a list of the most active investors in the space.

I found 831 investors who have invested in mental health startups. Of those, only 113 have invested in two or more mental health startups. I’ve broken down the landscape in detail below, including a list of the 113 repeat investors. But first, I want to explain a few things about the analysis.

Defining “Mental Health Startup”

By “mental health,” I mean behavioral health, mental health, emotional wellness, addiction and sobriety, or anything associated with improving emotional or mental well-being as the primary goal of the product. I excluded medical solutions where mental health is not the primary focus, even if it could potentially be a byproduct of the…