Hedepy Raises €4M Venture Debt From Orbit Capital for Acquisitions

Consolidating a fragmented market

The European mental health services market is highly fragmented, with many small local providers. Hedepy wants to consolidate it, with a focus on countries where it already has an established position. The funding is meant to let it seize acquisition opportunities as they appear, widen its services and bring local specialists into one ecosystem.

Adam Radzki, the company's chief operating and M&A officer, said Hedepy is looking for firms whose solutions can be carried into new markets and that strengthen its position with business clients and insurers. Wiktor Namysł, a partner at Orbit Capital, said the company has shown it can complete acquisitions and integrate them while growing in both B2B and B2C.

Hearme integration and clinical ambitions

The acquisition of Hearme, a Polish startup, strengthened Hedepy's position in Poland's employee wellbeing market. The business offer is now sold under the shared brand Hedepy for Business. It includes individual psychological support for employees, support for managers and HR analytics that track wellbeing trends in an organisation.

"The mission has not changed. What changed is the scale," said Kasia Gryzło, Hearme's CEO and Hedepy's Head of B2B.

Beyond online psychotherapy, Hedepy is developing in-person services, preparing to open its own facilities and building a separate medical division that will deliver clinical care.