2022 was a great year for the mental health space, and digital health in general: companies brought in $5.5 billion globally across 324 deals, making for a 139% increase from the previous year.

Intrepid investors started dabbling in mental healthcare over the past few years as part of a broader digital health funding boom, but many remained wary. It was the Covid-19 pandemic and collective psychological fallout that finally mainstreamed mental health.