Taking care of people’s mental health and well-being is big business.

A MarketsandMarkets report predicts that the industry will grow at a compound annual growth rate (CAGR) of 8.6% from 2020 to 2025, reaching $12.4 billion by 2025 that aim to help people with these conditions.

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Where there is market potential, startups are also looking for market share. Here are six of the hottest mental health and wellness startups for 2023:

Aura Health brings wellness into a single app

Used by more than 7 million people around the world, aura health helps people reduce stress and sleep better to improve health. It uses a huge marketplace to give users access to a global community of trainers and therapists. The company’s goal is to build an all-in-one wellness platform and ecosystem that can make people’s lives more fulfilling and restorative.

Founded by Forbes 30 under 30 brothers, the company is currently raising funds to help scale the platform, and Anyone can invest for a limited time.

Therapy and Wearables by Meru Health

Meru Health Inc., based in San Mateo, California, offers telemedical talk therapy sessions and an advanced wearable stress response tracking device. It offers a new standard in mental health care with licensed therapists and psychiatrists, a phone-based treatment program, biofeedback and various activities to promote well-being. The company has over $50 million in funding from investors including Foundry Group and JP Morgan and is targeting significant expansion in 2023.

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