Czech mental health startup Hedepy has secured €4 million in venture debt financing from Orbit Capital. The funding will support the company’s growth and help it expand its mental health services.
Hedepy operates an online psychotherapy platform that makes professional mental health support easier to access. It connects people seeking help with certified therapists who have completed professional psychotherapy training.
The platform works with health insurance companies in the Czech Republic and Slovakia, allowing their members to receive financial support for online therapy. Hedepy aims to bring together Europe’s fragmented mental health market while making professional mental health services more accessible to people.
“We see debt financing as confirmation that Hedepy has developed into a financially sound and credible company. We have a proven business model, experience completing acquisitions and a clear plan for deploying the funding. We can now direct this capital straight into further growth and make mental health support more accessible to those who need it,” says Lukáš Krčil, Co-founder and CEO of Hedepy. Hedepy plans to continue consolidating the European market
“Hedepy has built a credible position in the CEE mental health market, demonstrated a repeatable model for integrating acquisitions and is moving towards financial sustainability. We see venture debt as the right instrument for this stage – it allows the company to fund further growth without diluting shareholders. We are backing a team with a clear strategy to build a leading platform in a market that is still highly fragmented,” says Lukáš Macko, Partner at Orbit Capital
Hedepy also plans to use artificial intelligence (AI) to support its therapy services. Its AI tools will help clients continue working on topics discussed during therapy sessions between appointments.
The company is also developing a digital workspace called Therapist Office. It will help therapists manage appointments, paperwork, billing, session notes and client progress.
The new funding will help Hedepy explore growth opportunities, add more services and bring local mental health professionals together on one platform.
