OpenUp raises 20 million euros. 20 million euros for mental health. OpenUp expands in Europe. News by Marc Nemitz · Berlin, 26. March 2026 The mental wellbeing platform OpenUp has closed a financing round worth 20 million euros. The round is led by the Belgian venture capital fund Smartfin with 18 million euros. Existing investor Rubio Impact Ventures is participating with a further two million euros. The company intends to use the fresh capital to further expand its market position in Europe, particularly in Germany, and prepare for expansion into additional countries. Profitable growth as the basis. Five years after its foundation, OpenUp is already profitable and generates an annual recurring revenue (ARR) of around 20 million euros. The platform is currently active in the Netherlands, Germany, the UK, France and Belgium. In total, the company serves more than 2,000 corporate customers and reaches around 600,000 employees and their families. Growing demand for mental support. The market for mental health is growing rapidly: around 30 percent of employees in the EU report stress, depression or anxiety. At the same time, public healthcare systems are increasingly reaching their limits. This results in considerable costs for companies - including sickness-related absences. Against this backdrop, digital solutions for mental health in the working environment are becoming increasingly important. Low-threshold access to psychological help. The OpenUp platform offers employees direct access to psychological support. This includes conversations with psychologists, coaching services and advice in areas such as lifestyle and finances. A key feature is the low-threshold access: it can be used anonymously, without waiting lists and in over 35 languages. Customers in Germany include STRABAG, Statista and Decathlon. Combination of technology and human support. A key component of the strategy is the combination of personal support and technological scaling. Artificial intelligence should help to provide offers more efficiently and tailor them better to individual needs. The investors see this as a key growth driver for making mental health services more widely accessible. Start-up wants to become the leading platform in Europe. OpenUp intends to use the new capital to drive forward its European expansion strategy and further expand its product portfolio. The company's long-term goal is to establish itself as the leading mental wellbeing platform in Europe and to support companies in taking increasing responsibility for the mental health of their employees.

In response to increasing concerns over the accessibility of mental health services, OpenUp has launched a new mobile app designed to provide immediate support to those in need.

Amsterdam-based OpenUp, a medtech platform that enables employees to work on their mental health in an affordable and accessible way, announced that it has raised €15M in a Series A round of funding. The investment came from Dutch investors Rubio Impact Ventures and Achmea Innovation Fund. Informal investors, such as Adriaan Nühn, David Vismans and the founders of Hyves, also participated in this round