The company published a report analyzing trends in the mental health and wellness sector on Dec. 3.
A total of $1.3 billion has been invested in mental health and wellness companies in 2024. Here are five trends to note:
- The number of active investors in the mental health and wellness space has declined each year since 2021, but remains above pre-pandemic levels.
- Clinics and outpatient services have been the largest subsector of mental health and wellness deals since 2019. Around two-thirds of mental health investment went to clinics with an in-person component in 2024.
- In 2024, there were 11 active mental health and wellness unicorns — privately held startups with a value of over $1 billion.
- The majority of investments in mental health and wellness companies were under $25 million in 2024, but the number of investments from $100 million to $250 million increased.
- In 2024, five metropolitan areas saw more than $100 million in investments in mental health and wellness companies: New York, Los Angeles, Philadelphia, San Francisco and Washington.
Read the full report here.