Mindler raises €8 million to increase access to mental health care across Europe

Today Mindler, Sweden’s largest digital service for mental health, has announced raising €8 million, led by Ventech and co-led by Schibsted Growth. The funds will be used to meet the increasing demand of psychology services and accelerate its international growth.

The startup’s co-founders Rickard Lagerqvist, Rickard Färdig and Johannes Hatem noted that too few Swedes sought treatment for mental health issues, and those who did tend to do it too late. In 2018, they founded Mindler to tackle this challenge by providing all Swedes the opportunity to see a psychologist online within 24 hours, via their smartphone.

Headquartered in Stockholm, Mindler has grown to a team of over 250 people, including 200 psychologists providing leading-edge psychological expertise and treatment to patients in Sweden and the Netherlands.

Through this round, existing investors BackInBlack, Luminar Venture and Kichi Invest reaffirmed their commitment to Mindler’s growth alongside Ventech and Schibsted Growth.

Rickard Lagerqvist, CEO and founder of Mindler, said: “Mental health is one of the major societal issues of our time, and unfortunately, many signs point towards an ever-greater need for psychology services in the future. Meanwhile, access to psychologists remain highly limited outside metropolitan areas. By bringing psychologists to patients, we are pleased to bridge this widening gap between supply and demand, providing more equal access to high quality mental health care, regardless of where you live.”

Tero Mennander, General Partner at Ventech: “Mindler’s rapid growth and traction proves the need for specialized digital psychology services today. Ventech is excited to partner with Mindler to accelerate international growth, providing more Europeans with access to quality mental health care.”

Kajsa Gatenbeck, Investment Manager at Schibsted Growth: “We believe Mindler has what it takes to fundamentally impact patients’ mental health for the better. With a fully digitised patient journey, Mindler has the potential to increase quality, effectiveness and access to mental healthcare for patients. With Mindler, hopefully even more people will not only get the help they need but also better care.