Investment into mental health technology has boomed, reaching 580 million in 2019, according to a study by early stage investor Octopus Ventures.
The research, based on analysis of the latest Pitchbook data, shows an almost five-fold increase in mental health tech investment in the last six years, rising from 120 million in 2014.
Octopus says this trend is down to corporates increasingly prioritising workplace mental health and relying on digital solutions to manage the issue.
Researchers tracked total deal count in the sector, which has more than tripled from 30 deals in 2014 to 105 last year.
The data also shows that funding rounds are increasing in size, with the average raise equating to 1.92 million in 2019, compared to only 660,000 in 2014.
Despite this, mental health is still nascent in relation to the overall digital health market.Around 2.04 billion has been invested in the sector over the last six years, just 15% of the total 13.7 billion raised by digital health companies.
The report highlights that the UK mental health tech start-up sector received only 21.27 million of investment out of the 580m global total last year.
WHY IT MATTERS
Approximately one in four people in the UK will experience a mental health problem each year, according to mental health charity Mind.
Although investment has increased, Kamran Adle, early stage investor at Octopus Ventures, said the venture capital industry could do more to address mental health difficulties.
There is a huge opportunity for the UK to be a leader in this space and we are already working with companies in our portfolio that are tackling this issue, such as Big Health, he said.
THE LARGER CONTEXT
The investment trend accelerated in 2016, when Big Health, maker of digital therapy solution Sleepio for insomnia sufferers, announced a 9 million funding round.
In 2018, Compass Pathway announced a 25 million funding round to help the company develop innovative care pathways and therapies within mental health.
Stress reduction app Calm announced a 22 million fundraise in July 2019, having achieved unicorn status at the beginning of the year, when it raised an additional 70 million.
ON THE RECORD
Peter Hames, CEO of Big Health, said: We're proud to be helping millions back to good health through our digital therapeutics Sleepio and Daylight, and encouraged that investors are increasingly recognising the potential of technology to tackle the mental health crisis.
Whilst the increase in investment is welcome, we hope investors do more in helping to address one of the foremost public health issues not only in the UK, but across the globe.
View original post here:
Global investment in mental health technology surges above half a billion pounds - MobiHealthNews
- Mental Health [Last Updated On: June 23rd, 2018] [Originally Added On: June 23rd, 2018]
- Mental Health - Harvard Health [Last Updated On: July 26th, 2018] [Originally Added On: July 26th, 2018]
- Mental Health UK :: Home [Last Updated On: July 26th, 2018] [Originally Added On: July 26th, 2018]
- Mental Health : NPR [Last Updated On: July 26th, 2018] [Originally Added On: July 26th, 2018]
- Mental Health | Youth.gov [Last Updated On: July 26th, 2018] [Originally Added On: July 26th, 2018]
- Mental Health - Orange County, Florida [Last Updated On: November 2nd, 2018] [Originally Added On: November 2nd, 2018]
- Care Manager - Tarrytown, NY | MHA [Last Updated On: November 3rd, 2018] [Originally Added On: November 3rd, 2018]
- Home - Henderson Behavioral Health [Last Updated On: November 16th, 2018] [Originally Added On: November 16th, 2018]
- Adult Mental Health | Georgia Department of Behavioral ... [Last Updated On: November 23rd, 2018] [Originally Added On: November 23rd, 2018]
- A Digital Home - Mental Health Partners [Last Updated On: November 23rd, 2018] [Originally Added On: November 23rd, 2018]
- Mental Health | Health & Wellness [Last Updated On: November 23rd, 2018] [Originally Added On: November 23rd, 2018]
- Mental Health UK - Working together for everyone's mental ... [Last Updated On: November 23rd, 2018] [Originally Added On: November 23rd, 2018]
- Mental disorder - Wikipedia [Last Updated On: December 20th, 2018] [Originally Added On: December 20th, 2018]
- Mental Health | NCAA.org - The Official Site of the NCAA [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Home - SAMHSA Behavioral Health Treatment Services Locator [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Volunteers of America's Mental Health Services | Volunteers ... [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Mental Health CSG Justice Center [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- WHO classifies 'gaming disorder' as mental health condition - CNN [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Adult Mental Health [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Mental health - Wikipedia [Last Updated On: December 27th, 2018] [Originally Added On: December 27th, 2018]
- What Is Mental Health? | MentalHealth.gov [Last Updated On: December 27th, 2018] [Originally Added On: December 27th, 2018]
- New York State Office of Mental Health [Last Updated On: December 27th, 2018] [Originally Added On: December 27th, 2018]
- Mental Health and Mental Disorders | Healthy People 2020 [Last Updated On: January 1st, 2019] [Originally Added On: January 1st, 2019]
- Mental Health - CHOC Children's [Last Updated On: January 1st, 2019] [Originally Added On: January 1st, 2019]
- Mental Health Care | Health.mil [Last Updated On: January 1st, 2019] [Originally Added On: January 1st, 2019]
- Outpatient Mental Health Facilities programs City of ... [Last Updated On: January 2nd, 2019] [Originally Added On: January 2nd, 2019]
- Mental and Behavioral Health - AAP.org [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Sleep and mental health - Harvard Health [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Mental Health: American Diabetes Association [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Mental Health Problem Symptoms, Causes and Effects [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Promoting Childrens Mental Health - AAP.org [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Ten Things You Can Do for Your Mental Health | University ... [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Mental Health | MS Department of Mental Health [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Mental Health Screening Tools | Screening 2 Supports [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- What is mental health [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- MS Department of Mental Health [Last Updated On: February 11th, 2019] [Originally Added On: February 11th, 2019]
- Mental Health Hotline | 24 Hour Mental Health & Illness Helpline [Last Updated On: February 12th, 2019] [Originally Added On: February 12th, 2019]
- 50 Mental Health Quotes for Happiness and Success (2019) [Last Updated On: February 12th, 2019] [Originally Added On: February 12th, 2019]
- Mental illness - Symptoms and causes - Mayo Clinic [Last Updated On: February 21st, 2019] [Originally Added On: February 21st, 2019]
- Home Page | Department of Mental Health [Last Updated On: March 8th, 2019] [Originally Added On: March 8th, 2019]
- Mental Disorders: MedlinePlus [Last Updated On: March 23rd, 2019] [Originally Added On: March 23rd, 2019]
- Mental Health | Healthy People 2020 [Last Updated On: March 23rd, 2019] [Originally Added On: March 23rd, 2019]
- Health - lds.org [Last Updated On: April 13th, 2019] [Originally Added On: April 13th, 2019]
- Mental Health | ADA [Last Updated On: September 11th, 2019] [Originally Added On: September 11th, 2019]
- Faces of Loudoun: Mental Illness Just Means I Need Help Now and Then - Loudoun Now [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Youth mental health work more important than ever after tornadoes, shooting - Dayton Daily News [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- BOMBARDED Part 3: Mental health struggles weigh heavily on LGBTQ+ youth - Keizertimes [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- The Uses and Abuses of the Term Mental Illness - National Review [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Natures Role in Mental Illness: Prevention or Treatment? - Psychology Today [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Meghan Markle Says There Is a Global Consciousness Crisis Regarding Mental Health - TownandCountrymag.com [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Letter from the Editor: Michigans mental health crisis is affecting all of us. Something must be done - MLive.com [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Voices For Mental Health: Clodagh, on how Ireland has changed its perspective on mental health #NowWereTalking - hotpress.com [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Timberlake Jr. High teacher's focus on mental health earns her Idaho Teacher of the Year award - KXLY Spokane [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- New rule could leave tens of thousands in Michigan without their mental-health counselor - MLive.com [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Lawmakers and law enforcement officials push for more mental health beds in northwest Wisconsin - WEAU [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- One Way to Think About Mental Health: Zero-Proof Cocktails - Houstonia Magazine [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Evaluating Jumaane Williams' proposal to reform mental health crisis response - City & State [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- How to talk to children about their mental health - TODAY [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- NC bill aimed at providing more mental health resources in schools - WSOC Charlotte [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Northeastern University researcher studies the use of social robots in mental health and well-being research - News@Northeastern [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- 'The way universities are run is making us ill': inside the student mental health crisis - The Guardian [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- TC's Greg Epstein and Kate Clark talk mental health startups and the 'Cult of the Founder' - TechCrunch [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Key resources: Shining light on mental health in New Hampshire - WMUR Manchester [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Mental-health issues hit home for lots of Michigan families. Including mine. - MLive.com [Last Updated On: September 27th, 2019] [Originally Added On: September 27th, 2019]
- Voices For Mental Health: Kano, on telling his truth - hotpress.com [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- See which Michigan counties have highest, lowest ratio of mental-health providers - MLive.com [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- The Politician: why the Netflix show is being criticised by mental health charities - iNews [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- In survey of working women in Japan with mental health issues, a third blame harassment at work - The Japan Times [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Brexit is affecting our mental health, warn doctors - cosmopolitan.com [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Odd Socks Day helps to tackle stigma and discrimination around mental health - The Sector [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Statehouse Online: Rep. Puppolo advocates for mental health and education funding - WWLP.com [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Living By The Coast May Be Better For Your Mental Health, Study Finds - CBS Boston [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Jumaane Williams: De Blasio and McCray have failed on mental health crisis - New York Post [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Family of accused Woodfield Mall driver says his mental health is to blame, not terrorism - WGN TV Chicago [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Supes Haney And Ronen Unveil Sweeping Mental Health Bill, Mayor Is Quick To Oppose It - SFist [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Discord in SF City Hall over ambitious mental health system overhaul - Mission Local [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Your Mental Health and Your Work - Harvard Business Review [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Mental health and the court system - WCBI [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Artists to work on mural downtown in support of mental health - pacificsandiego.com [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]
- Providence St. Patrick Hospital How to know if you have a mental illness? - KPAX-TV [Last Updated On: October 3rd, 2019] [Originally Added On: October 3rd, 2019]