Top Mental Health Investors for Startups 2026
Find the investors funding mental health startups across therapy platforms, psychiatry, and digital behavioral care. Investor Hunt lists 630 mental health investors.
Investor Data Snapshot
Mental health investors in the Investor Hunt database: 630
Top countries represented: United States, United Kingdom, Canada, India, Denmark, Germany
Top states and regions represented: California, New York, Massachusetts, Illinois, Texas, Washington
Top cities represented: New York City, San Francisco, Boston, Chicago, Los Angeles, London
Top industries covered: Health Care, Digital Health, Telemedicine, Healthcare Technology, Wellness, Therapeutics
Data reflects investors currently available in the Investor Hunt database and is updated regularly.
Do Mental Health Startups Raise Differently?
Yes. Mental health is a clinical business, and investors treat it like healthcare. The focus is on:
Clinical Evidence
Investors want proof the product improves outcomes. A wellness app with no clinical data is a hard raise.
Reimbursement
The strongest companies bill insurance or employers, which gives them durable revenue.
Regulation and Licensing
Delivering therapy or prescribing means clinical licensing, compliance, and clinician supply, none of which software alone solves.
Clinician Supply
A therapy platform is only as big as its network of licensed providers, and recruiting them is one of the hardest parts of the business.
The Top 10 Mental Health Investors
1. Steven Krein
- Location: New York City, New York
- Investor types: Venture Capital, Angel/Individual, CEO, Investor
- Markets include: Mental Health, Digital Health, Healthcare Innovation, Brain Health, Health Tech
Krein is co-founder and CEO of StartUp Health, which has built one of the largest portfolios of digital health companies in the world since 2011. He backs founders pursuing large health "moonshots," including mental and brain health, at the earliest stages.
2. Eren Bali
- Location: Los Angeles, California
- Investor types: Angel/Individual
- Markets include: Mental Health, Health Care, Telemedicine, Alternative Medicine, Digital Health
Bali co-founded Udemy and later founded Carbon Health, a major primary-care provider. He invests as an angel across health and care delivery, bringing an operator's view from building both a consumer platform and a clinical business.
3. Dan Gebremedhin
- Location: San Diego, California
- Investor types: Venture Capital, Private Equity Firm, Investor
- Markets include: Mental Health, Digital Health, Healthcare Delivery, AI, Telemedicine
Gebremedhin is a partner at Flare Capital, a specialist healthcare venture firm, and trained as a physician.
4. Saul Klein
- Location: London, England
- Investor types: Venture Capital, Incubator, Accelerator, Angel/Individual, Investor
- Markets include: Mental Health, Health Care, AI, Digital Health, Social Impact
Klein founded LocalGlobe, a leading UK seed firm, and was an early executive at Skype. He backs early-stage founders across health and impact from London.
5. Lorna Borenstein
- Location: San Jose, California
- Investor types: Angel/Individual
- Markets include: Mental Health, Corporate Wellness, Health Care, Employee Benefits, Nutrition
Borenstein founded Grokker, a wellbeing platform sold to employers, and previously led major consumer companies. She invests as an angel with a focus on workplace wellbeing and mental health, from an operator's perspective.
6. Robert Garber
- Location: Chicago, Illinois
- Investor types: Venture Capital, Private Equity Firm, Micro VC, Investor
- Markets include: Mental Health, Digital Health, Digital Therapeutics, Telemedicine, Healthcare Delivery
Garber invests out of Chicago across digital health and care delivery, with mental health among his active areas.
7. Dan Gebremedhin
- Location: Boston, Massachusetts (Chiang, Desai)
- Investor types: Venture Capital, Private Equity Firm, Investor
- Markets include: Mental Health, Digital Health, Healthcare Delivery, Telemedicine, AI
Ian Chiang and Parth Desai both invest out of Boston across digital health and care delivery, with mental health among their tags. Boston's healthcare cluster makes both a fit for clinical mental health founders on the East Coast.
8. Amit Sharma
- Location: New York City, New York
- Investor types: Venture Capital, Private Equity Firm, Angel/Individual, Micro VC
- Markets include: Mental Health, Digital Health, Consumer Health, Health Tech, FinTech
Sharma invests out of New York across digital and consumer health, with mental health among his areas. A fit for founders building consumer-facing health products with a clinical grounding.
9. Samuel Bjork
- Location: New York City, New York
- Investor types: Venture Capital, Private Equity Firm, Angel/Individual, Investor
- Markets include: Mental Health, Digital Health, Therapeutics, Regenerative Medicine, Medical Devices
Bjork invests out of New York across health and life sciences, with mental health sitting alongside therapeutics and devices.
10. Steven Lee
- Location: San Francisco, California
- Investor types: Venture Capital, Private Equity Firm, Angel/Individual, Finance Operator
- Markets include: Mental Health, AI, Enterprise Software, DeepTech, Consumer Internet
Lee invests out of San Francisco across AI, enterprise, and consumer, with mental health among his areas. A fit for founders building technically ambitious mental health products with an AI core.
What Mental Health Investors Look For?
Mental health investors judge a company on whether it delivers real care that pays.
- Clinical outcomes as evidence the product improves patients' mental health.
- A reimbursement path. Insurance or employer coverage, which turns treatment into durable revenue and a large market.
- Clinician supply as a real plan to recruit and retain licensed providers, since the network is what limits how far the company can scale.
How Much Do Mental Health Investors Invest?
Mental health seed rounds run $2 million to $8 million. Series A runs $10 million to $30 million.
The leading clinical platforms raise far more, with Talkiatry's $210 million and Grow Therapy's $150 million rounds among the largest of 2026.
How to Find Mental Health Investors Who Fund Clinical Care?
Mental health splits into two businesses that rarely share investors. One is clinical care, therapy and psychiatry that bills insurance.
The other is consumer wellness, apps sold directly to users.
An investor who funds one usually passes on the other, and the mental health tag alone won't tell them apart.
On Investor Hunt, an investor's profile shows the companies they've already backed. A clinical founder can find the investors who funded therapy platforms and insurers, and skip the ones who only did wellness apps. The past deals reveal which side of the line an investor sits on.
Frequently Asked Questions
Q: How do mental health startups get funding?
A: Mostly from health-focused VCs, angels, and strategic payers or employers.
Q: Why are wellness apps harder to fund now?
A: The 2021 boom in meditation and mood apps left investors wary of products with downloads but no clinical outcomes. Money moved to companies that deliver real treatment and bill insurance.
Q: What do mental health investors want to see?
A: Clinical evidence, a reimbursement path, and a plan for clinician supply.
Q: How much do mental health startups raise?
A: Seed rounds run $2 to 8 million, Series A $10 to 30 million. Leading clinical platforms raise much more, with several 2026 rounds above $150 million.
Q: Do mental health investors fund AI therapy?
A: Cautiously. Investors fund AI for triage, intake, and clinician support more readily than autonomous AI therapy, which raises clinical and safety questions..
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